FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

Belpointe Asset Management LLC's Holding History (CIK: 0001721242)

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

Q2 2021

Shares 7,500 Value ($000) $164 Avg Close $19.47 Range $18.16 - $21.84

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2021	7,500	$164	$19.47	$18.16 - $21.84