Black Barton E. 4

What Happened
Black Barton, President of F&M Bank Corp (ticker: FMBM), disposed of 367 shares on March 20, 2026 to satisfy a tax liability related to equity compensation. The shares were valued at $30.59 each, for a total of approximately $11,227. This was a tax-withholding disposition (transaction code F), not an open-market sale intended to take a position.

Key Details

• Transaction date and price: March 20, 2026 — 367 shares at $30.59 per share.
• Total value of shares surrendered: about $11,227.
• Transaction type/footnote: Code F — payment of exercise price or tax liability (shares retained/surrendered to cover taxes).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed on March 24, 2026 (within the required two business days), so the report appears timely.

Context
A code F disposition is typically a routine, non-discretionary surrender of shares to cover tax withholding after an option exercise or award; it should not be read as a directional sentiment trade. For retail investors, purchases or open-market sales are generally more informative about insider sentiment than mandatory tax-withholding share surrenders.