FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

HICKS CAPITAL MANAGEMENT LLC's Holding History (CIK: 0002062978)

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

Q4 2025

Shares 14,513 Value ($000) $359 Avg Close $24.70 Range $22.57 - $28.14

Q3 2025

Shares 14,513 Value ($000) $363 Avg Close $25.30 Range $22.50 - $27.73

Q1 2025

Shares 14,513 Value ($000) $347 Avg Close $24.80 Range $21.86 - $28.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	14,513	$359	$24.70	$22.57 - $28.14
Q3 2025	14,513	$363	$25.30	$22.50 - $27.73
Q1 2025	14,513	$347	$24.80	$21.86 - $28.80