Farmers & Merchants Bancorp, Inc.
US ˙ NasdaqCM ˙ US30779N1054

SecurityFMAO / Farmers & Merchants Bancorp, Inc.
InsiderIan D Boyce
This page shows the track record and history of Boyce Ian D insider trades in Farmers & Merchants Bancorp, Inc.. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. It is illegal for insiders to make trades in their companies based on material, non-public information ("MNPI"). This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4.
Insider Purchases - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made by Ian D Boyce in FMAO / Farmers & Merchants Bancorp, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
2025-11-05 404 24.6600 404 24.6600 9,953 100 29.5700 1,964 19.73
2025-10-31 150 23.3700 150 23.3700 3,506
2025-05-29 210 24.0600 210 24.0600 5,053
2024-03-21 100 21.1285 100 21.1285 2,113
2024-03-21 150 21.1350 150 21.1350 3,170

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

FMAO / Farmers & Merchants Bancorp, Inc. Insider Trades
Insider Sales - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made by Ian D Boyce in FMAO / Farmers & Merchants Bancorp, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

FMAO / Farmers & Merchants Bancorp, Inc. Insider Trades
Insider Transaction History
File
Date
Trade
Date
Form Insider Ticker Security Title Code 10b5-1 Direct Exercise
Price
Unit
Price
Units
Changed
Value
Changed (1K)
Remaining
Options
Remaining
Shares
2026-06-04 2026-06-04 4 Boyce Ian D FMAO Common Stock A - Award D 27.1400 645 18 3,242
2025-11-06 2025-11-05 4 Boyce Ian D FMAO Common Stock P - Purchase D 24.6600 404 10 2,563
2025-11-04 2025-10-31 4 Boyce Ian D FMAO Common Stock P - Purchase D 23.3700 150 4 2,159
2025-06-06 2025-06-05 4 Boyce Ian D FMAO Common Stock A - Award D 22.9600 762 17 1,963
2025-05-30 2025-05-29 4 Boyce Ian D FMAO Common Stock P - Purchase D 24.0600 210 5 1,201
2024-06-07 2024-06-06 4 Boyce Ian D FMAO COMMON A - Award D 716 966
2024-03-27 2024-03-21 4 Boyce Ian D FMAO Common Stock P - Purchase D 21.1350 150 3 250
2024-03-27 2024-03-21 4 Boyce Ian D FMAO Common Stock P - Purchase D 21.1285 100 2 100
P
Acquisto sul mercato aperto o privato di un titolo non derivato o derivato
S
Vendita sul mercato aperto o privato di un titolo non derivato o derivato
A
Concessione, assegnazione o altra acquisizione di titoli dall'azienda (ad esempio un'opzione)
C
Conversione di un derivato
D
Vendita o trasferimento di titoli alla società
F
Pagamento del prezzo di esercizio o del debito fiscale con la quota di titoli ricevuta dalla società
G
Regalo di titoli da parte o a favore dell'insider
K
Equity swap e operazioni di copertura analoghe
M
Esercizio o conversione di un titolo derivato ricevuto dall'azienda (ad esempio un'opzione)
V
Una transazione dichiarata volontariamente sul modulo 4
J
Altro (accompagnato da una nota a piè di pagina che descriva l'operazione)