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[Form 4] Farmers & Merchants Bancshares, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Farmers & Merchants Bancshares, Inc. (FMFG) director reported buying common stock in the company. On 11/25/2025, the director purchased 750 shares of FMFG at a price of $16 per share in an open market transaction coded "P" for purchase.

Following this transaction, the director beneficially owned 1,940.995 shares of FMFG common stock in direct form. This filing reflects an increase in the director's personal equity stake in the company.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Miller Emily Bollinger

(Last) (First) (Middle)
4510 LOWER BECKLEYSVILLE ROAD
SUITE H

(Street)
HAMPSTEAD MD 21074

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Farmers & Merchants Bancshares, Inc. [ FMFG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
FMFG 11/25/2025 P 750 A $16 1,940.995 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Emily Bollinger Miller 11/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Farmers & Merchants Bancshares (FMFG) report?

A director of Farmers & Merchants Bancshares, Inc. (FMFG) reported purchasing 750 shares of common stock in a recent insider transaction.

At what price were the FMFG shares purchased in this Form 4 filing?

The director purchased the 750 FMFG shares at a price of $16 per share.

When did the FMFG insider purchase take place?

The insider purchase of FMFG shares occurred on 11/25/2025, as reported in the transaction details.

How many FMFG shares does the director own after this transaction?

After the reported purchase, the director beneficially owned 1,940.995 shares of Farmers & Merchants Bancshares common stock.

What is the ownership form of the FMFG shares held by the director?

The 1,940.995 FMFG shares reported after the transaction are held in direct ownership form.

What does transaction code "P" mean in the FMFG Form 4?

Transaction code "P" in the Form 4 indicates an open market or private purchase of the issuer's equity securities.

Farmers & Merchants Bk Md

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FMFG Stock Data

53.06M
2.57M
19.89%
2.17%
Banks - Regional
Financial Services
Link
United States
Hampstead