X0508 4/A 2022-09-12 2024-07-04 0 0001698022 Farmers & Merchants Bancshares, Inc. FMFG 0001958843 RENBAUM CAROL ELLEN 3921 BUTLER ROAD REISTERSTOWN MD 21136 0 0 1 0 0001631680 RENBAUM BARRY J. 3921 BUTLER ROAD REISTERSTOWN MD 21136 0 0 1 0 0 Common Stock 2025-07-25 2025-07-25 4 J 0 6853 16.43 A 321472 D Reporting Persons' joint purchase of 6853 shares of Issuer's common stock on July 25, 2025 referenced in Table 1 was executed by the administrator of, and pursuant to, Issuer's dividend-reinvestment plan. The object of this submission is to clarify the nature of the transaction reported by the Reporting Persons in Form 4 filed with the Commission on August 4, 2025; namely, that their acquisition of 6853 shares of Issuer's common stock on July 25, 2025 was attributable to stock purchases executed pursuant to the company's dividend-reinvestment plan. Barry J. Renbaum 2025-08-08 Carol E. Renbaum 2025-08-08