FMCB FARMERS & MERCHANTS BANCORP Insider Trading

Director Kevin Sanguinetti buys 10 shares of FMCB at $1,043.00; holdings rise to 727 shares

Kevin Sanguinetti, a director at Farmers & Merchants Bancorp, purchased 10 shares at $1,043.00 on 2025-11-05, increasing his stake from 717 to 727 shares—a modest 1.4% addition to his position. The transaction value of $10,430.00 is small in absolute terms, and at a current price of $1009.02, the stock is trading 8.1% below its 52-week high of $1098.49. With a P/E of 8.10 and market capitalization of $728,866,606.02, the company trades at a modest valuation multiple. The transaction represents a routine incremental addition to holdings rather than a material accumulation signal.