AGM

SEC source: 0000845877-23-000070 · wf-form4_167874272022191.xml · derivative · entry 3

Crady Marc J · CIK 0001848783 · SVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 981

Underlying: Class C Non-Voting Common Stock · 981 shares

Expires 2033-03-09

F6 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2024 with respect to 327 shares, beginning March 31, 2025 with respect to 327 shares, and beginning March 31, 2026 with respect to 327 shares.

SEC source: 0000845877-23-000070 · wf-form4_167874272022191.xml · nonDerivative · entry 2

Crady Marc J · CIK 0001848783 · SVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,207

F3 · shares: This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.

F4 · shares: Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.

F3 · price: This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 2,093 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-23-000070 · wf-form4_167874272022191.xml · nonDerivative · entry 1

Crady Marc J · CIK 0001848783 · SVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,890

F1 · shares: Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 212 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

F1 · price: Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 212 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 2,093 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-23-000071 · wf-form4_167874273961364.xml · derivative · entry 3

Maines Robert J · CIK 0001633936 · SVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 843

Underlying: Class C Non-Voting Common Stock · 843 shares

Expires 2033-03-09

F6 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2024 with respect to 281 shares, beginning March 31, 2025 with respect to 281 shares, and beginning March 31, 2026 with respect to 281 shares.

SEC source: 0000845877-23-000071 · wf-form4_167874273961364.xml · nonDerivative · entry 2

Maines Robert J · CIK 0001633936 · SVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,218

F3 · shares: This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.

F4 · shares: Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.

F3 · price: This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 2,293 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-23-000071 · wf-form4_167874273961364.xml · nonDerivative · entry 1

Maines Robert J · CIK 0001633936 · SVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,946

F1 · shares: Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 182 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

F1 · price: Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 182 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 2,293 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-23-000069 · wf-form4_167874269770771.xml · derivative · entry 3

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,244

Underlying: Class C Non-Voting Common Stock · 2,244 shares

Expires 2033-03-09

F6 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2024 with respect to 748 shares, beginning March 31, 2025 with respect to 748 shares, and beginning March 31, 2026 with respect to 748 shares.

SEC source: 0000845877-23-000069 · wf-form4_167874269770771.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,078

F3 · shares: This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.

F4 · shares: Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.

F3 · price: This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 6,304 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-23-000069 · wf-form4_167874269770771.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,353

F1 · shares: Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 483 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

F1 · price: Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 483 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 6,304 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-23-000068 · wf-form4_167874268480786.xml · derivative · entry 3

Brinch Brian M · CIK 0001737498 · SVP- Enterprise Risk Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 786

Underlying: Class C Non-Voting Common Stock · 786 shares

Expires 2033-03-09

F6 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2024 with respect to 262 shares, beginning March 31, 2025 with respect to 262 shares, and beginning March 31, 2026 with respect to 262 shares.

SEC source: 0000845877-23-000068 · wf-form4_167874268480786.xml · nonDerivative · entry 2

Brinch Brian M · CIK 0001737498 · SVP- Enterprise Risk Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,168

F3 · shares: This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.

F4 · shares: Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.

F3 · price: This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 2,232 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-23-000068 · wf-form4_167874268480786.xml · nonDerivative · entry 1

Brinch Brian M · CIK 0001737498 · SVP- Enterprise Risk Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,914

F1 · shares: Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 170 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

F1 · price: Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 170 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 2,232 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-23-000028 · wf-form4_167813760286439.xml · nonDerivative · entry 1

Stones Charles A · CIK 0001837677 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 824

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · balance_after: Includes 504 restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-23-000012 · wf-form4_167287136059203.xml · nonDerivative · entry 1

McKissack Eric T · CIK 0001847747 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,553

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on December 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-23-000011 · wf-form4_167287131105533.xml · nonDerivative · entry 1

JUNKINS LOWELL · CIK 0001246115 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,122.232

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on December 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-23-000010 · wf-form4_167287125187683.xml · nonDerivative · entry 1

JOHNSON MITCHELL A · CIK 0001246112 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,525

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on December 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-23-000009 · wf-form4_167287122615327.xml · nonDerivative · entry 1

Gales Amy H · CIK 0001811540 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,908

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on December 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-23-000008 · wf-form4_167287117541278.xml · nonDerivative · entry 1

Engebretsen James R · CIK 0001437016 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,614

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on December 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-23-000007 · wf-form4_167287111851973.xml · nonDerivative · entry 1

Culver Chester J · CIK 0001546654 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,617

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on December 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 477 unvested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-24-000124 · wk-form4_1713216987.xml · nonDerivative · entry 11

Dobrinski Everett M · CIK 0001776038 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,137.54

F1 · kind: The reported transaction involves an acquisition of common stock through an automatic broker dividend reinvestment plan, executed by a broker managing the Reporting Person's managed investment account which was inadvertently not previously reported.

F2 · balance_after: Includes 373 time-vested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that will vest on March 31, 2025 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000223 · wf-form4_167122447144938.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,163

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $114.856 to $114.97, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information about the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: Includes 4,836 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000221 · wf-form4_167036060638545.xml · nonDerivative · entry 1

Culver Chester J · CIK 0001546654 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,576

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $124.475 to $124.89, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information about the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: Includes 477 restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000219 · wf-form4_166941205853554.xml · nonDerivative · entry 3

BRACK DENNIS L · CIK 0001246107 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,966

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · balance_after: Includes 504 restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000219 · wf-form4_166941205853554.xml · nonDerivative · entry 2

BRACK DENNIS L · CIK 0001246107 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,166

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · balance_after: Includes 504 restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000219 · wf-form4_166941205853554.xml · nonDerivative · entry 1

BRACK DENNIS L · CIK 0001246107 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,366

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · balance_after: Includes 504 restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000217 · wf-form4_166915621609926.xml · derivative · entry 4

Ramesh Aparna · CIK 0001799715 · EVP - Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,845

Underlying: Class C Non-Voting Common Stock · 1,845 shares

Expires 2030-03-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

SEC source: 0000845877-22-000217 · wf-form4_166915621609926.xml · nonDerivative · entry 3

Ramesh Aparna · CIK 0001799715 · EVP - Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,893.8087

F1 · shares: In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,173 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000217 · wf-form4_166915621609926.xml · nonDerivative · entry 2

Ramesh Aparna · CIK 0001799715 · EVP - Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,995.8087

F1 · shares: In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,173 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000217 · wf-form4_166915621609926.xml · nonDerivative · entry 1

Ramesh Aparna · CIK 0001799715 · EVP - Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,355.8087

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,173 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000215 · wf-form4_166880705555987.xml · nonDerivative · entry 2

Faivre-Davis Sara Louise · CIK 0001501976 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,411

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F3 · balance_after: Includes 504 restricted units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000215 · wf-form4_166880705555987.xml · nonDerivative · entry 1

Faivre-Davis Sara Louise · CIK 0001501976 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,911

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $121.65 to $121.955, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F3 · balance_after: Includes 504 restricted units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000199 · wf-form4_166491693488182.xml · nonDerivative · entry 1

JUNKINS LOWELL · CIK 0001246115 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,111.232

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000198 · wf-form4_166491690783778.xml · nonDerivative · entry 1

Engebretsen James R · CIK 0001437016 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,453

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000197 · wf-form4_166491674223454.xml · nonDerivative · entry 1

JOHNSON MITCHELL A · CIK 0001246112 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,394

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000196 · wf-form4_166491671845570.xml · nonDerivative · entry 1

Gales Amy H · CIK 0001811540 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,833

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000195 · wf-form4_166491651086098.xml · nonDerivative · entry 1

Culver Chester J · CIK 0001546654 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,037

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 477 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

F3 · balance_after: The amount of securities beneficially owned following the reported transaction reported in Column 5 of Table I reflects the addition of 45 shares of Class C Non-Voting Common Stock compared to the amounts previously reported in the Form 3 filed by the Reporting Person on May 24, 2022 and in the Form 4s filed by the Reporting Person on May 25, 2022 and July 5, 2022. This corrects an error originally made in the referenced Form 3, which inadvertently transposed the number of securities owned in Column 2 of Table I and incorrectly reported ownership of 2,449 shares of Class C Non-Voting Stock rather than the correct holdings as of May 24, 2022, of 2,494 shares.

SEC source: 0000845877-22-000194 · wf-form4_166491647308709.xml · nonDerivative · entry 1

McKissack Eric T · CIK 0001847747 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,520

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2022, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 504 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2023 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-24-000124 · wk-form4_1713216987.xml · nonDerivative · entry 10

Dobrinski Everett M · CIK 0001776038 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,094.263

F1 · kind: The reported transaction involves an acquisition of common stock through an automatic broker dividend reinvestment plan, executed by a broker managing the Reporting Person's managed investment account which was inadvertently not previously reported.

F2 · balance_after: Includes 373 time-vested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that will vest on March 31, 2025 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-22-000178 · wf-form4_166076958710653.xml · derivative · entry 4

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 6,545 shares

Expires 2023-04-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000845877-22-000178 · wf-form4_166076958710653.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,563

F1 · shares: In connection with the net share settlement of the exercise of 6,545 vested stock appreciation rights ("SARs") granted in April 2013 with a grant price of $30.20 per share, Mr. Mullery was entitled to receive 4,848 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Mullery retained 2,506 shares, and Farmer Mac retained 2,342 shares to satisfy tax withholding requirements arising from the exercise. The 1,697 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 4,836 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000178 · wf-form4_166076958710653.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,260

F1 · shares: In connection with the net share settlement of the exercise of 6,545 vested stock appreciation rights ("SARs") granted in April 2013 with a grant price of $30.20 per share, Mr. Mullery was entitled to receive 4,848 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Mullery retained 2,506 shares, and Farmer Mac retained 2,342 shares to satisfy tax withholding requirements arising from the exercise. The 1,697 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 4,836 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000178 · wf-form4_166076958710653.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,602

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: In connection with the net share settlement of the exercise of 6,545 vested stock appreciation rights ("SARs") granted in April 2013 with a grant price of $30.20 per share, Mr. Mullery was entitled to receive 4,848 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Mullery retained 2,506 shares, and Farmer Mac retained 2,342 shares to satisfy tax withholding requirements arising from the exercise. The 1,697 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 4,836 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000171 · wf-form4_166069240091986.xml · derivative · entry 8

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,828

Underlying: Class C Non-Voting Common Stock · 1,414 shares

Expires 2031-03-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000845877-22-000171 · wf-form4_166069240091986.xml · derivative · entry 7

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,937

Underlying: Class C Non-Voting Common Stock · 1,937 shares

Expires 2030-03-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000845877-22-000171 · wf-form4_166069240091986.xml · nonDerivative · entry 6

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,904

F3 · shares: In connection with the net share settlement of the exercise of 1,414 vested SARs granted in March 2021 with a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 332 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 171 shares, and Farmer Mac retained 161 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,304 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000171 · wf-form4_166069240091986.xml · nonDerivative · entry 5

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,986

F3 · shares: In connection with the net share settlement of the exercise of 1,414 vested SARs granted in March 2021 with a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 332 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 171 shares, and Farmer Mac retained 161 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,304 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000171 · wf-form4_166069240091986.xml · nonDerivative · entry 4

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,147

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: In connection with the net share settlement of the exercise of 1,414 vested SARs granted in March 2021 with a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 332 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 171 shares, and Farmer Mac retained 161 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,304 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000171 · wf-form4_166069240091986.xml · nonDerivative · entry 3

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,733

F1 · shares: In connection with the net share settlement of the exercise of 1,937 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Mr. Carpenter was entitled to receive 681 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 352 shares, and Farmer Mac retained 329 shares to satisfy tax withholding requirements arising from the exercise. The 1,256 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,304 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000171 · wf-form4_166069240091986.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,989

F1 · shares: In connection with the net share settlement of the exercise of 1,937 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Mr. Carpenter was entitled to receive 681 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 352 shares, and Farmer Mac retained 329 shares to satisfy tax withholding requirements arising from the exercise. The 1,256 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,304 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

SEC source: 0000845877-22-000171 · wf-form4_166069240091986.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,318

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: In connection with the net share settlement of the exercise of 1,937 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Mr. Carpenter was entitled to receive 681 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 352 shares, and Farmer Mac retained 329 shares to satisfy tax withholding requirements arising from the exercise. The 1,256 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 6,304 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.