Briggs Andrew J

Briggs Andrew J, a director at Farmers & Merchants Bancorp (FMAO), has been a consistent seller of the company’s stock over the past several weeks, according to SEC Form 4 filings. Across 57 total transactions, all of which involved FMAO, Briggs has recorded zero open-market purchases and roughly $4.99 million in total sales. The most recent activity shows a concentrated selling streak: 25 open-market sales between June 26 and July 31, 2026, with each transaction ranging from roughly $88,000 to $105,000. The daily sales were nearly uniform in size, averaging around $92,000, and collectively totaled approximately $2.3 million during that five-week window. The pattern is heavily skewed toward disposition rather than accumulation. Briggs’s only non-sale transactions were $12,620 in acquired shares, which typically represent grants or awards rather than voluntary purchases. There is no evidence of open-market buying at any point in the filing history, and the recent sales have been steady and methodical, occurring almost every trading day in July. The absence of any “P” coded purchases, combined with the sheer frequency and consistency of the “S” coded sales, points to a clear net-selling bias. While the filings do not indicate whether these sales were part of a prearranged 10b5-1 plan, the regularity of the transactions suggests a systematic approach rather than a one-off liquidation.