Mullery Stephen P

SEC source: 0000845877-25-000222 · wk-form4_1756158387.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,442

F1 · shares: Grant of restricted stock units ("RSUs") of Class C Non-Voting Common Stock under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration and in accordance with the Transition Agreement dated August 14, 2025 between Farmer Mac and the Reporting Person. All of the RSUs are scheduled to vest on May 2, 2026, subject to the terms of the related RSU award agreement, including continued employment through April 3, 2026 and the effectiveness of a Separation Agreement and General Release of All Claims.

F1 · price: Grant of restricted stock units ("RSUs") of Class C Non-Voting Common Stock under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration and in accordance with the Transition Agreement dated August 14, 2025 between Farmer Mac and the Reporting Person. All of the RSUs are scheduled to vest on May 2, 2026, subject to the terms of the related RSU award agreement, including continued employment through April 3, 2026 and the effectiveness of a Separation Agreement and General Release of All Claims.

F2 · balance_after: In addition to the RSUs reported in this filing, includes 3,072 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: 0000845877-25-000127 · wk-form4_1743625243.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,305

F1 · shares: On March 31, 2025, (i) 373 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 173 shares to satisfy withholding requirements, (ii) 1,118 performance-based restricted stock units vested that were granted in March 2022 (559 target units vesting at a 200% performance factor), for which Farmer Mac retained 519 shares to satisfy withholding requirements, (iii) 363 restricted stock units vested as the second installment of the time-based award granted in March 2023, for which Farmer Mac retained 169 shares to satisfy withholding requirements, and (iv) 270 restricted stock units vested as the first installment of the time-based award granted in March 2024, for which Farmer Mac retained 126 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 3,072 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 559 more shares that vested on March 31, 2025 as a result of applying a 200% performance factor to 559 target restricted stock units granted in March 2022.

SEC source: 0000845877-25-000080 · wk-form4_1741638909.xml · derivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,353

Underlying: Class C Non-Voting Common Stock · 1,353 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 451 shares, beginning March 31, 2027 with respect to 451 shares, and beginning March 31, 2028 with respect to 451 shares.

SEC source: 0000845877-25-000080 · wk-form4_1741638909.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,733

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 3,417 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: 0000845877-25-000080 · wk-form4_1741638909.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,326

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 271 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 271 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 3,417 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: 0000845877-24-000269 · wk-form4_1734126462.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,513

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 3,417 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: 0000845877-24-000269 · wk-form4_1734126462.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,045

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 3,417 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: 0000845877-24-000269 · wk-form4_1734126462.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,047

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 3,417 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: 0000845877-24-000255 · wk-form4_1731620982.xml · nonDerivative · entry 5

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,588

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

F3 · balance_after: Includes 3,417 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: 0000845877-24-000255 · wk-form4_1731620982.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,723

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

F3 · balance_after: Includes 3,417 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: 0000845877-24-000255 · wk-form4_1731620982.xml · derivative · entry 6

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 7,125 shares

Expires 2026-03-15

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 7,125 vested stock appreciation rights ("SARs") granted in March 2016 with a grant price of $35.75 per share, Mr. Mullery was entitled to receive 5,924 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received 3,178 shares, and Farmer Mac retained 2,746 shares to satisfy tax withholding requirements arising from the exercise. The 1,201 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: 0000845877-24-000255 · wk-form4_1731620982.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,223

F1 · shares: In connection with the net share settlement of the exercise of 7,125 vested stock appreciation rights ("SARs") granted in March 2016 with a grant price of $35.75 per share, Mr. Mullery was entitled to receive 5,924 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received 3,178 shares, and Farmer Mac retained 2,746 shares to satisfy tax withholding requirements arising from the exercise. The 1,201 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 3,417 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: 0000845877-24-000255 · wk-form4_1731620982.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,424

F1 · shares: In connection with the net share settlement of the exercise of 7,125 vested stock appreciation rights ("SARs") granted in March 2016 with a grant price of $35.75 per share, Mr. Mullery was entitled to receive 5,924 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received 3,178 shares, and Farmer Mac retained 2,746 shares to satisfy tax withholding requirements arising from the exercise. The 1,201 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 3,417 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: 0000845877-24-000255 · wk-form4_1731620982.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,170

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 7,125 vested stock appreciation rights ("SARs") granted in March 2016 with a grant price of $35.75 per share, Mr. Mullery was entitled to receive 5,924 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received 3,178 shares, and Farmer Mac retained 2,746 shares to satisfy tax withholding requirements arising from the exercise. The 1,201 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 3,417 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: 0000845877-24-000214 · wk-form4_1726001066.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,045

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

F4 · 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 $182.2775 to $182.7050, 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 3,417 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: 0000845877-24-000214 · wk-form4_1726001066.xml · derivative · entry 5

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 5,610 shares

Expires 2025-04-01

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 5,610 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Mullery was entitled to receive 4,609 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received (and later sold) 2,472 shares, and Farmer Mac retained 2,137 shares to satisfy tax withholding requirements arising from the exercise. The 1,001 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: 0000845877-24-000214 · wk-form4_1726001066.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,517

F1 · shares: In connection with the net share settlement of the exercise of 5,610 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Mullery was entitled to receive 4,609 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received (and later sold) 2,472 shares, and Farmer Mac retained 2,137 shares to satisfy tax withholding requirements arising from the exercise. The 1,001 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 3,417 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: 0000845877-24-000214 · wk-form4_1726001066.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,518

F1 · shares: In connection with the net share settlement of the exercise of 5,610 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Mullery was entitled to receive 4,609 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received (and later sold) 2,472 shares, and Farmer Mac retained 2,137 shares to satisfy tax withholding requirements arising from the exercise. The 1,001 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 3,417 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: 0000845877-24-000214 · wk-form4_1726001066.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,655

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 5,610 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Mullery was entitled to receive 4,609 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received (and later sold) 2,472 shares, and Farmer Mac retained 2,137 shares to satisfy tax withholding requirements arising from the exercise. The 1,001 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 3,417 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: 0000845877-24-000108 · wk-form4_1712090523.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,045

F1 · shares: On March 31, 2024, (i) 517 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 240 shares to satisfy withholding requirements, (ii) 805 performance-based restricted stock units vested that were granted in March 2021 (775 target units vesting at a 103.7754% performance factor), for which Farmer Mac retained 374 shares to satisfy withholding requirements, (iii) 373 restricted stock units vested as the second installment of the time-based award granted in March 2022, for which Farmer Mac retained 173 shares to satisfy withholding requirements, and (iv) 363 restricted stock units vested as the first installment of the time-based award granted in March 2023, for which Farmer Mac retained 169 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 3,417 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 30 more shares that vested on March 31, 2024 as a result of applying a 103.7754% performance factor to 775 target restricted stock units granted in March 2021.

SEC source: 0000845877-24-000056 · wk-form4_1709847284.xml · derivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,380

Underlying: Class C Non-Voting Common Stock · 1,380 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 460 shares, beginning March 31, 2026 with respect to 460 shares, and beginning March 31, 2027 with respect to 460 shares.

SEC source: 0000845877-24-000056 · wk-form4_1709847284.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,971

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 4,230 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: 0000845877-24-000056 · wk-form4_1709847284.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,566

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 270 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 270 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 4,230 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: 0000845877-23-000181 · wk-form4_1691785613.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,756

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

F4 · 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 $178.24 to $178.44, 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 4,230 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: 0000845877-23-000181 · wk-form4_1691785613.xml · derivative · entry 5

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 3,780 shares

Expires 2024-04-02

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 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 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: 0000845877-23-000181 · wk-form4_1691785613.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,411

F1 · shares: In connection with the net share settlement of the exercise of 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 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 4,230 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: 0000845877-23-000181 · wk-form4_1691785613.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,133

F1 · shares: In connection with the net share settlement of the exercise of 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 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 4,230 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: 0000845877-23-000181 · wk-form4_1691785613.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,536

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 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 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 4,230 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: 0000845877-23-000095 · wf-form4_168064124523654.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,756

F1 · shares: On March 31, 2023, (i) 540 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 261 shares to satisfy withholding requirements, (ii) 892 performance-based restricted stock units vested that were granted in March 2020 (809 target units vesting at a 110.1884% performance factor), for which Farmer Mac retained 431 shares to satisfy withholding requirements, (iii) 517 restricted stock units vested as the second installment of the time-based award granted in March 2021, for which Farmer Mac retained 250 shares to satisfy withholding requirements, and (iv) 373 restricted stock units vested as the first installment of the time-based award granted in March 2022, for which Farmer Mac retained 181 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 4,230 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 83 more shares that vested on March 31, 2023 as a result of applying a 110.1884% performance factor to 809 target restricted stock units granted in March 2020.

SEC source: 0000845877-23-000072 · wf-form4_167874275447480.xml · derivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,683

Underlying: Class C Non-Voting Common Stock · 1,683 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 561 shares, beginning March 31, 2025 with respect to 561 shares, and beginning March 31, 2026 with respect to 561 shares.

SEC source: 0000845877-23-000072 · wf-form4_167874275447480.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,796

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 4,836 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: 0000845877-23-000072 · wf-form4_167874275447480.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,252

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 363 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 363 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 4,836 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: 0000845877-22-000223 · 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: 0000845877-22-000178 · 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: 0000845877-22-000094 · wf-form4_164911243925211.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,057

F1 · shares: On March 31, 2022, (i) 527 restricted stock units vested as the third installment of the time-based award granted in February 2019, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 255 shares to satisfy withholding requirements, (ii) 790 restricted stock units vested once as a performance-based award granted in February 2019, for which Farmer Mac retained 382 shares to satisfy withholding requirements, (iii) 540 restricted stock units vested as the second installment of the time-based award granted in March 2020, for which Farmer Mac retained 260 shares to satisfy withholding requirements, and (iv) 517 restricted stock units vested as the first installment of the time-based award granted in March 2021, for which the Farmer Mac retained 250 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 4,836 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: 0000845877-22-000064 · wf-form4_164703935763467.xml · derivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,064

Underlying: Class C Non-Voting Common Stock · 2,064 shares

Expires 2032-03-09

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, 2023 with respect to 688 shares, beginning March 31, 2024 with respect to 688 shares, and beginning March 31, 2025 with respect to 688 shares.

SEC source: 0000845877-22-000064 · wf-form4_164703935763467.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,204

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, 2025 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2022 to December 31, 2024, 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, 2025 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2022 to December 31, 2024, 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 5,532 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: 0000845877-22-000064 · wf-form4_164703935763467.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,645

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 373 RSUs, each of which will vest on March 31, 2023, March 31, 2024, and March 31, 2025, 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 5,532 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: 0000845877-21-000155 · wf-form4_162371114282369.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,526

F1 · shares: Open market sale of 1,220 shares of stock acquired through June 8, 2021 exercise of 3,000 vested stock appreciation rights scheduled to expire in April 2022. 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 $101.58 to $102.20, 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 5,532 restricted stock units previously granted under 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: 0000845877-21-000153 · wf-form4_162335817214172.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 · 3,000 shares

Expires 2022-04-05

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 3,000 vested stock appreciation rights ("SARs") granted in April 2012 with a grant price of $21.69 per share, Mr. Mullery was entitled to receive 2,360 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Farmer Mac retained 1,140 shares to satisfy tax withholding requirements arising from the exercise. The 640 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: 0000845877-21-000153 · wf-form4_162335817214172.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,746

F1 · shares: In connection with the net share settlement of the exercise of 3,000 vested stock appreciation rights ("SARs") granted in April 2012 with a grant price of $21.69 per share, Mr. Mullery was entitled to receive 2,360 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Farmer Mac retained 1,140 shares to satisfy tax withholding requirements arising from the exercise. The 640 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 5,532 unvested restricted stock units previously granted under 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: 0000845877-21-000153 · wf-form4_162335817214172.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,386

F1 · shares: In connection with the net share settlement of the exercise of 3,000 vested stock appreciation rights ("SARs") granted in April 2012 with a grant price of $21.69 per share, Mr. Mullery was entitled to receive 2,360 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Farmer Mac retained 1,140 shares to satisfy tax withholding requirements arising from the exercise. The 640 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 5,532 unvested restricted stock units previously granted under 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: 0000845877-21-000153 · wf-form4_162335817214172.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,526

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 3,000 vested stock appreciation rights ("SARs") granted in April 2012 with a grant price of $21.69 per share, Mr. Mullery was entitled to receive 2,360 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Farmer Mac retained 1,140 shares to satisfy tax withholding requirements arising from the exercise. The 640 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 5,532 unvested restricted stock units previously granted under 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: 0000845877-21-000097 · wf-form4_161739767790034.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,526

F1 · shares: On March 31, 2021, (i) 436 restricted stock units vested as the third installment of the time-based award granted in March 2018, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 211 shares to satisfy withholding requirements, (ii) 654 restricted stock units vested that were granted in March 2018, upon Farmer Mac's achievement of certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 316 shares to satisfy withholding requirements, and (iii) 527 restricted stock units vested as the second installment of the time-based award granted in February 2019, for which Farmer Mac retained 255 shares to satisfy withholding requirements.

F2 · shares: Also includes (iv) 540 shares of restricted stock units vested as the first installment of the time-based award granted in March 2020, for which Farmer Mac retained 260 shares to satisfy withholding requirements.

F3 · 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.

F4 · balance_after: Includes 5,532 restricted stock units previously granted under 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: 0000845877-21-000071 · wf-form4_161489909082755.xml · derivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,120

Underlying: Class C Non-Voting Common Stock · 3,120 shares

Expires 2031-03-02

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

F5 · derivative.exercise_date: Exercisable beginning March 31, 2022 with respect to 1,040 shares, beginning March 31, 2023 with respect to 1,040 shares, and beginning March 31, 2024 with respect to 1,040 shares.

SEC source: 0000845877-21-000071 · wf-form4_161489909082755.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,568

F3 · shares: This is the target amount of performance-based restricted stock units granted on March 02, 2021 under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration, which will be available if certain criteria are met at the end of the performance cycle on December 31, 2023. The restricted stock units will vest on March 31, 2024 if Farmer Mac meets certain performance objectives related to business volume, as specified in the related award agreement, for the period starting on January 1, 2021 and ending on December 31, 2023, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics.

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 restricted stock units exceed 200% of the number of restricted stock units of the target award.

F3 · price: This is the target amount of performance-based restricted stock units granted on March 02, 2021 under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration, which will be available if certain criteria are met at the end of the performance cycle on December 31, 2023. The restricted stock units will vest on March 31, 2024 if Farmer Mac meets certain performance objectives related to business volume, as specified in the related award agreement, for the period starting on January 1, 2021 and ending on December 31, 2023, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics.

F2 · balance_after: Includes 5,363 restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-21-000071 · wf-form4_161489909082755.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,793

F1 · price: Grant of restricted stock units under the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Amended and Restated 2008 Omnibus Incentive Plan for no consideration. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Farmer Mac Class C Non-Voting Common Stock. Includes three installments of 517 shares of restricted stock units, each of which will vest on March 31, 2022, March 31, 2023, and March 31, 2024, respectively.

F2 · balance_after: Includes 5,363 restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.