FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 12,684 Value ($000) $0 Avg Close $24.70 Range $22.57 - $28.14

Q3 2025

Shares 14,280 Value ($000) $0 Avg Close $25.30 Range $22.50 - $27.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	12,684	$0	$24.70	$22.57 - $28.14
Q3 2025	14,280	$0	$25.30	$22.50 - $27.73