Sec Form 4 Filing - Ramesh Aparna @ FEDERAL AGRICULTURAL MORTGAGE CORP - 2024-11-12

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Ramesh Aparna 2. Issuer Name and Ticker or Trading Symbol FEDERAL AGRICULTURAL MORTGAGE CORP [ AGM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP - Chief Financial Officer (Last) (First) (Middle) C/O FARMER MAC, 2100 PENNSYLVANIA AVE., NW, SUITE 450N 3. Date of Earliest Transaction (MM/DD/YY) 11/12/2024 (Street) WASHINGTON, DC20037 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class C Non-Voting Common Stock 11/12/2024 M 1,352 ( 1 ) ( 2 ) A $ 88.68 11,796.8087 ( 3 ) D Class C Non-Voting Common Stock 11/12/2024 F 380 ( 1 ) ( 2 ) D $ 212.11 11,416.8087 ( 3 ) D Class C Non-Voting Common Stock 11/12/2024 D 566 ( 1 ) ( 2 ) D $ 212.11 10,850.8087 ( 3 ) D Class C Non-Voting Common Stock 11/12/2024 M 1,752 ( 2 ) ( 4 ) A $ 120.38 12,602.8087 ( 3 ) D Class C Non-Voting Common Stock 11/12/2024 F 366 ( 2 ) ( 4 ) D $ 212.11 12,236.8087 ( 3 ) D Class C Non-Voting Common Stock 11/12/2024 D 995 ( 2 ) ( 4 ) D $ 212.11 11,241.8087 ( 3 ) D Class C Non-Voting Common Stock 11/12/2024 S 592 ( 2 ) D $ 211.6709 10,649.8087 ( 3 ) D Class C Non-Voting Common Stock 11/12/2024 S 408 ( 2 ) D $ 212.02 10,241.8087 ( 3 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Appreciation Right $ 88.68 11/12/2024 M 1,352 ( 1 ) ( 2 ) 03/31/2024 03/02/2031 Class C Non-Voting Common Stock 1,352 $ 0 0 D Stock Appreciation Right $ 120.38 11/12/2024 M 1,752 ( 2 ) ( 4 ) ( 5 ) 03/09/2032 Class C Non-Voting Common Stock 1,752 $ 0 876 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Ramesh Aparna C/O FARMER MAC 2100 PENNSYLVANIA AVE., NW, SUITE 450N WASHINGTON, DC20037 EVP - Chief Financial Officer Signatures Stephen P. Mullery, as attorney-in-fact for Aparna Ramesh 11/14/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )In connection with the net share settlement of the exercise of 1,352 vested stock appreciation rights ("SARs") granted in March 2021 with a grant price of $88.68 per share, Ms. Ramesh was entitledto receive 786 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Ms. Ramesh received 406 shares, and Farmer Macretained 380 shares to satisfy tax withholding requirements arising from the exercise. The 566 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. ( 2 )Transaction effected during an open trading window for employees and directors of Farmer Mac. ( 3 )Includes 4,701 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'sprior filings under Section 16 of the Securities Exchange Act of 1934. ( 4 )In connection with the net share settlement of the exercise of 1,752 vested SARs granted in March 2022 with a grant price of $120.38 per share, Ms. Ramesh was entitled to receive 757 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Ms. Ramesh received 391 shares, and Farmer Mac retained 366 shares to satisfy tax withholding requirements arising from the exercise. The 995 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. ( 5 )Exercisable beginning March 31, 2023 with respect to 876 shares, beginning March 31, 2024 with respect to 876 shares, and beginning March 31, 2025 with respect to 876 shares.

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