FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

Versant Capital Management, Inc's Holding History (CIK: 0001735057)

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

Q4 2025

Shares 353 Value ($000) $9 Avg Close $24.70 Range $22.57 - $28.14

Q3 2025

Shares 111 Value ($000) $3 Avg Close $25.30 Range $22.50 - $27.73

Q2 2025

Shares 11 Value ($000) $0 Avg Close $23.36 Range $20.34 - $26.26

Q1 2025

Shares 319 Value ($000) $8 Avg Close $24.80 Range $21.86 - $28.80

Q4 2024

Shares 167 Value ($000) $5 Avg Close $28.62 Range $24.26 - $32.69

Q3 2024

Shares 11 Value ($000) $0 Avg Close $24.40 Range $19.82 - $27.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	353	$9	$24.70	$22.57 - $28.14
Q3 2025	111	$3	$25.30	$22.50 - $27.73
Q2 2025	11	$0	$23.36	$20.34 - $26.26
Q1 2025	319	$8	$24.80	$21.86 - $28.80
Q4 2024	167	$5	$28.62	$24.26 - $32.69
Q3 2024	11	$0	$24.40	$19.82 - $27.29