Farmer Mac (AGM) Form 4: Director Receives 49 Shares; 376 RSUs Vest 03/31/2026

Rhea-AI Filing Summary

Robert G. Sexton, a director of Federal Agricultural Mortgage Corp (AGM), acquired 49 shares of Class C Non‑Voting Common Stock on 09/30/2025 at a market value of $167.98 per share by electing to receive stock instead of part or all of his quarterly cash retainer. After the transaction he beneficially owns 13,652 shares, which includes 376 time‑vested restricted stock units that will vest on 03/31/2026 if he remains a director on that date. The Form 4 was signed on behalf of Mr. Sexton by an attorney‑in‑fact on 10/02/2025.

Positive

• Director elected stock in lieu of cash, showing alignment of compensation with shareholder interests
• Beneficial ownership of 13,652 shares provides a measurable ownership stake
• 376 RSUs vesting 03/31/2026 support director retention through next quarter

Negative

• None.

Insights

Corporate Governance Specialist

Director used compensation election to take equity, modestly increasing ownership.

This Form 4 shows a director converted compensation into 49 shares at the quarter‑end closing price, reflecting an election common in board pay practices. The filing also discloses 376 RSUs that remain time‑vested and contingent on continued service through 03/31/2026, which is standard retention compensation.

The disclosed beneficial ownership of 13,652 shares is the key governance metric here; it quantifies the director's current stake without implying additional intent or market impact.

Securities Compliance Analyst

Transaction and timing align with Section 16 reporting requirements.

The Form 4 reports a 09/30/2025 transaction date and a filing executed by an attorney‑in‑fact on 10/02/2025, consistent with timely disclosure practice. The transaction code indicates an acquisition under an election in lieu of cash retainer and the price equals the NYSE closing price on the reporting date.

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Sexton Robert G

(Last) (First) (Middle)

C/O FARMER MAC

2100 PENNSYLVANIA AVE NW, SUITE 450N

(Street)

WASHINGTON DC 20037

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FEDERAL AGRICULTURAL MORTGAGE CORP [ AGM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	09/30/2025		A		49(1)	A	$167.98	13,652(2)	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2025, the last business day of the quarter, as reported by the New York Stock Exchange.

2. Includes 376 time-vested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2026 if the Reporting Person remains a director of Farmer Mac on that date.

Remarks:

	Geraldine I. Hayhurst, as attorney-in-fact for Robert G. Sexton	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Robert G. Sexton report on the Form 4 for AGM?

He reported acquiring 49 shares of Farmer Mac Class C Non‑Voting Common Stock on 09/30/2025 at $167.98 per share and now beneficially owns 13,652 shares.

Why were the 49 shares issued to the director?

The shares were issued pursuant to the director's election to receive newly issued shares at market value instead of receiving some or all of his quarterly cash retainer.

Does the Form 4 disclose any restricted stock units for Mr. Sexton?

Yes, it includes 376 time‑vested restricted stock units that will vest on 03/31/2026 if he remains a director.

When was the Form 4 signed and filed?

The Form 4 shows signature by Geraldine I. Hayhurst as attorney‑in‑fact for Robert G. Sexton on 10/02/2025.

What price was used to value the shares issued on 09/30/2025?

The market value used was the New York Stock Exchange closing price on 09/30/2025, reported as $167.98 per share.