Carpenter Zachary

SEC source: 0001776941-26-000002 · wk-form4_1775165496.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,213

F1 · shares: On March 31, 2026, (i) 483 restricted stock units vested as the third installment of the time-based award granted in March 2023, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 234 shares to satisfy withholding requirements, (ii) 1,450 performance-based restricted stock units vested that were granted in March 2023 (725 target units vesting at a 200% performance factor), for which Farmer Mac retained 701 shares to satisfy withholding requirements, (iii) 405 restricted stock units vested as the second installment of the time-based award granted in March 2024, for which Farmer Mac retained 196 shares to satisfy withholding requirements, and (iv) 396 restricted stock units vested as the first installment of the time-based award granted in March 2025, for which Farmer Mac retained 192 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Human Capital and Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 4,496 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission. The total amount of securities beneficially owned has been adjusted since the Reporting Person's last filing to reflect 725 more shares that vested on March 31, 2026, as a result of applying a 200% performance factor to 725 target restricted stock units granted in March 2023.

SEC source: 0000845877-26-000055 · wk-form4_1773089426.xml · derivative · entry 3

Carpenter Zachary · CIK 0001776941 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,778

Underlying: Class C Non-Voting Common Stock · 2,778 shares

Expires 2036-03-05

F6 · price: Grant of stock appreciation rights under Farmer Mac's Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2027, with respect to 926 shares, beginning March 31, 2028, with respect to 926 shares, and beginning March 31, 2029, with respect to 926 shares.

SEC source: 0000845877-26-000055 · wk-form4_1773089426.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,811

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, 2029, if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2026, to December 31, 2028, 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, 2029, if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2026, to December 31, 2028, 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 4,408 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: 0000845877-26-000055 · wk-form4_1773089426.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,112

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 466 RSUs, each of which will vest on March 31, 2027, March 31, 2028, and March 31, 2029, 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 466 RSUs, each of which will vest on March 31, 2027, March 31, 2028, and March 31, 2029, 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 4,408 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: 0000845877-25-000226 · wk-form4_1756413506.xml · derivative · entry 5

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 851 shares

Expires 2032-03-09

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

F3 · shares: In connection with the net share settlement of the exercise of 851 vested stock appreciation rights ("SARs") granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 353 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 182 shares, and Farmer Mac retained 171 shares to satisfy tax withholding requirements arising from the exercise. The 498 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: 0000845877-25-000226 · wk-form4_1756413506.xml · nonDerivative · entry 4

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,714

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

F3 · shares: In connection with the net share settlement of the exercise of 851 vested stock appreciation rights ("SARs") granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 353 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 182 shares, and Farmer Mac retained 171 shares to satisfy tax withholding requirements arising from the exercise. The 498 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 4,408 unvested restricted stock units previously granted under 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: 0000845877-25-000226 · wk-form4_1756413506.xml · nonDerivative · entry 3

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,212

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

F3 · shares: In connection with the net share settlement of the exercise of 851 vested stock appreciation rights ("SARs") granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 353 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 182 shares, and Farmer Mac retained 171 shares to satisfy tax withholding requirements arising from the exercise. The 498 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 4,408 unvested restricted stock units previously granted under 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: 0000845877-25-000226 · wk-form4_1756413506.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,383

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

F3 · shares: In connection with the net share settlement of the exercise of 851 vested stock appreciation rights ("SARs") granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 353 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 182 shares, and Farmer Mac retained 171 shares to satisfy tax withholding requirements arising from the exercise. The 498 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 4,408 unvested restricted stock units previously granted under 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: 0000845877-25-000226 · wk-form4_1756413506.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,532

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 4,408 unvested restricted stock units previously granted under 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: 0000845877-25-000132 · wk-form4_1743625298.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,825

F1 · shares: On March 31, 2025, (i) 461 restricted stock units vested as the third installment of the time-based award granted in March 2022, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 223 shares to satisfy withholding requirements, (ii) 1,382 performance-based restricted stock units vested that were granted in March 2022 (691 target units vesting at a 200% performance factor), for which Farmer Mac retained 668 shares to satisfy withholding requirements, (iii) 483 restricted stock units vested as the second installment of the time-based award granted in March 2023, for which Farmer Mac retained 234 shares to satisfy withholding requirements, and (iv) 405 restricted stock units vested as the first installment of the time-based award granted in March 2024, for which Farmer Mac retained 196 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Human Capital and Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 4,408 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission. The total amount of securities beneficially owned has been adjusted since the Reporting Person's last filing to reflect 691 more shares that vested on March 31, 2025 as a result of applying a 200% performance factor to 691 target restricted stock units granted in March 2022.

SEC source: 0000845877-25-000082 · wk-form4_1741638932.xml · derivative · entry 3

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,974

Underlying: Class C Non-Voting Common Stock · 1,974 shares

Expires 2035-03-06

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, 2026 with respect to 658 shares, beginning March 31, 2027 with respect to 658 shares, and beginning March 31, 2028 with respect to 658 shares.

SEC source: 0000845877-25-000082 · wk-form4_1741638932.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,455

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, 2028 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2025 to December 31, 2027, 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, 2028 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2025 to December 31, 2027, 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 4,666 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: 0000845877-25-000082 · wk-form4_1741638932.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,861

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 396 RSUs, each of which will vest on March 31, 2026, March 31, 2027, and March 31, 2028, 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 396 RSUs, each of which will vest on March 31, 2026, March 31, 2027, and March 31, 2028, 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 4,666 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: 0000845877-24-000249 · wk-form4_1731451488.xml · nonDerivative · entry 7

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,673

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 4,666 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: 0000845877-24-000249 · wk-form4_1731451488.xml · derivative · entry 9

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 851

Underlying: Class C Non-Voting Common Stock · 1,702 shares

Expires 2032-03-09

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.

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F4 · shares: In connection with the net share settlement of the exercise of 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2023 with respect to 851 shares, beginning March 31, 2024 with respect to 851 shares, and beginning March 31, 2025 with respect to 851 shares.

SEC source: 0000845877-24-000249 · wk-form4_1731451488.xml · derivative · entry 8

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

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.

F1 · shares: In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

SEC source: 0000845877-24-000249 · wk-form4_1731451488.xml · nonDerivative · entry 6

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,173

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F4 · shares: In connection with the net share settlement of the exercise of 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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.

F3 · balance_after: Includes 4,666 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: 0000845877-24-000249 · wk-form4_1731451488.xml · nonDerivative · entry 5

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,153

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F4 · shares: In connection with the net share settlement of the exercise of 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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.

F3 · balance_after: Includes 4,666 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: 0000845877-24-000249 · wk-form4_1731451488.xml · nonDerivative · entry 4

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,502

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.

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F4 · shares: In connection with the net share settlement of the exercise of 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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.

F3 · balance_after: Includes 4,666 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: 0000845877-24-000249 · wk-form4_1731451488.xml · nonDerivative · entry 3

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,800

F1 · shares: In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 4,666 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: 0000845877-24-000249 · wk-form4_1731451488.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,400

F1 · shares: In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 4,666 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: 0000845877-24-000249 · wk-form4_1731451488.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,794

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 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 4,666 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: 0000845877-24-000111 · wk-form4_1712090593.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,380

F1 · shares: On March 31, 2024, (i) 703 restricted stock units vested as the third installment of the time-based award granted in March 2021, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 340 shares to satisfy withholding requirements, (ii) 1,094 performance-based restricted stock units vested that were granted in March 2021 (1,054 target units vesting at a 103.7754% performance factor), for which Farmer Mac retained 529 shares to satisfy withholding requirements, (iii) 461 restricted stock units vested as the second installment of the time-based award granted in March 2022, for which Farmer Mac retained 223 shares to satisfy withholding requirements, and (iv) 483 restricted stock units vested as the first installment of the time-based award granted in March 2023, for which Farmer Mac retained 234 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Human Capital and Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 4,666 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission. The total amount of securities beneficially owned has been adjusted since the Reporting Person's last filing to reflect 40 more shares that vested on March 31, 2024 as a result of applying a 103.7754% performance factor to 1,054 target restricted stock units granted in March 2021.

SEC source: 0000845877-24-000071 · wk-form4_1709847413.xml · derivative · entry 3

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,067

Underlying: Class C Non-Voting Common Stock · 2,067 shares

Expires 2034-03-05

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, 2025 with respect to 689 shares, beginning March 31, 2026 with respect to 689 shares, and beginning March 31, 2027 with respect to 689 shares.

SEC source: 0000845877-24-000071 · wk-form4_1709847413.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,666

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, 2027 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2024 to December 31, 2026, 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, 2027 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2024 to December 31, 2026, 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 5,544 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: 0000845877-24-000071 · wk-form4_1709847413.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,058

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 405 RSUs, each of which will vest on March 31, 2025, March 31, 2026, and March 31, 2027, 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 405 RSUs, each of which will vest on March 31, 2025, March 31, 2026, and March 31, 2027, 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 5,544 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: 0000845877-23-000220 · wk-form4_1702674430.xml · derivative · entry 4

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,414

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.

F1 · shares: In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Mr. Carpenter was entitled to receive 708 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 365 shares, and Farmer Mac retained 343 shares to satisfy tax withholding requirements arising from the exercise. The 706 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

SEC source: 0000845877-23-000220 · wk-form4_1702674430.xml · nonDerivative · entry 3

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,843

F1 · shares: In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Mr. Carpenter was entitled to receive 708 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 365 shares, and Farmer Mac retained 343 shares to satisfy tax withholding requirements arising from the exercise. The 706 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 5,544 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: 0000845877-23-000220 · wk-form4_1702674430.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,549

F1 · shares: In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Mr. Carpenter was entitled to receive 708 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 365 shares, and Farmer Mac retained 343 shares to satisfy tax withholding requirements arising from the exercise. The 706 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 5,544 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: 0000845877-23-000220 · wk-form4_1702674430.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,892

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 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Mr. Carpenter was entitled to receive 708 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 365 shares, and Farmer Mac retained 343 shares to satisfy tax withholding requirements arising from the exercise. The 706 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 5,544 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: 0000845877-23-000215 · wk-form4_1700602060.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,478

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 two transactions at prices of $168.0437 and $168.10 per share. 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.

F3 · balance_after: Includes 5,544 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: 0000845877-23-000154 · wk-form4_1686949953.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,716

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 $148.99 to $149.27, 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 5,544 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: 0000845877-23-000144 · wk-form4_1686257151.xml · derivative · entry 4

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

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.

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 the grant price of $75.16 per share, Mr. Carpenter was entitled to receive 939 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 486 shares, and Farmer Mac retained 453 shares to satisfy tax withholding requirements arising from the exercise. The 998 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

SEC source: 0000845877-23-000144 · wk-form4_1686257151.xml · nonDerivative · entry 3

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,202

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 the grant price of $75.16 per share, Mr. Carpenter was entitled to receive 939 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 486 shares, and Farmer Mac retained 453 shares to satisfy tax withholding requirements arising from the exercise. The 998 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 5,544 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: 0000845877-23-000144 · wk-form4_1686257151.xml · nonDerivative · entry 2

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,200

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 the grant price of $75.16 per share, Mr. Carpenter was entitled to receive 939 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 486 shares, and Farmer Mac retained 453 shares to satisfy tax withholding requirements arising from the exercise. The 998 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 5,544 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: 0000845877-23-000144 · wk-form4_1686257151.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,653

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 the grant price of $75.16 per share, Mr. Carpenter was entitled to receive 939 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 486 shares, and Farmer Mac retained 453 shares to satisfy tax withholding requirements arising from the exercise. The 998 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 5,544 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: 0000845877-23-000092 · wf-form4_168064115018126.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,716

F1 · shares: On March 31, 2023, (i) 708 restricted stock units vested as the third installment of the time-based award granted in March 2020, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 342 shares to satisfy withholding requirements, (ii) 1,171 performance-based restricted stock units vested that were granted in March 2020 (1,062 target units vesting at a 110.1884% performance factor), for which Farmer Mac retained 566 shares to satisfy withholding requirements, (iii) 703 restricted stock units vested as the second installment of the time-based award granted in March 2021, for which Farmer Mac retained 340 shares to satisfy withholding requirements, and (iv) 461 restricted stock units vested as the first installment of the time-based award granted in March 2022, for which Farmer Mac retained 223 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Human Capital and Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 5,544 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission. The total amount of securities beneficially owned has been adjusted since the Reporting Person's last filing to reflect 109 more shares that vested on March 31, 2023 as a result of applying a 110.1884% performance factor to 1,062 target restricted stock units granted in March 2020.

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: 0000845877-22-000171 · 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.

SEC source: 0000845877-22-000102 · wf-form4_164911262897696.xml · nonDerivative · entry 1

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,381

F1 · shares: On March 31, 2022, (i) 708 restricted stock units vested as the second installment of the time-based award granted in March 2020, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 342 shares to satisfy withholding requirements, and (ii) 703 restricted stock units vested as the first installment of the time-based award granted in March 2021, for which Farmer Mac retained 340 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 6,304 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-22-000072 · wf-form4_164703952192846.xml · nonDerivative · entry 6

Carpenter Zachary · CIK 0001776941 · EVP - Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,063

F6 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac. The 714 shares sold were previously acquired by the Reporting Person through open market purchases and the vesting of RSUs and is not related to the exercise of stock appreciation rights reported in this filing.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 5,641 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.