Form 4: AGM CEO Disposes of 4,224 Shares; Holdings Include 29,100 RSUs

Rhea-AI Filing Summary

Bradford T. Nordholm, President and CEO of Federal Agricultural Mortgage Corporation (AGM), reported a sale of Class C Non-Voting Common Stock on 08/27/2025. The Form 4 shows 4,224 shares sold at a reported price of $206.1195 per share. After the transaction, the reporting person beneficially owns 32,770.4506 shares on a direct basis. The filing states the transaction occurred during an open trading window for employees and directors and that the post-transaction total includes 29,100 unvested restricted stock units previously granted under the company’s Amended and Restated 2008 Omnibus Incentive Plan. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Nordholm on 08/28/2025.

Positive

• Transaction occurred during an open trading window, reducing concerns about trading while in possession of MNPI.
• Filing discloses unvested restricted stock units (29,100), improving transparency about the composition of beneficial ownership.

Negative

• Insider sale of 4,224 shares reduces the reporting person’s direct shareholdings.
• No use-of-proceeds or reason for sale disclosed in the Form 4.

Insights

Securities Analyst

TL;DR: Insider sale of 4,224 shares at $206.1195 reduces direct holdings to 32,770.4506 shares; most holdings reflect unvested RSUs.

The filing documents a routine insider disposition by the CEO executed during an open trading window, which reduces reported direct holdings but retains significant economic exposure through 29,100 unvested restricted stock units. The sale price of $206.1195 is explicitly stated; no other cash proceeds or use-of-proceeds details are disclosed. This is a standard Section 16 disclosure and does not by itself indicate changes to corporate strategy or material financial condition. Investors should note the composition of remaining holdings includes a substantial portion of unvested awards as disclosed.

Corporate Governance Expert

TL;DR: The transaction follows procedural norms: open-window sale and attorney-in-fact signature; disclosure notes inclusion of unvested RSUs in holdings.

The Form 4 conforms to Section 16 reporting requirements: it identifies the reporting person’s role as President and CEO, specifies the security class, transaction code (sale), exact share count, and price. The presence of an attorney-in-fact signature is documented. The filing clarifies that 29,100 unvested RSUs are part of the beneficial ownership figure, which is important for distinguishing vested economic interest from compensation awards. There are no indications of amendment or corrective reporting in this filing.

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NORDHOLM BRADFORD T

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		S		4,224(1)	D	$206.1195	32,770.4506(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. Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

2. Includes 29,100 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.

Remarks:

	Stephen P. Mullery, as attorney-in-fact for Bradford T. Nordholm	08/28/2025
	** 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 Bradford T. Nordholm report on Form 4 for AGM?

The Form 4 reports a sale of 4,224 shares of Class C Non-Voting Common Stock on 08/27/2025 at $206.1195 per share and a post-transaction beneficial ownership of 32,770.4506 shares.

How many unvested restricted stock units are included in Mr. Nordholm’s ownership?

The filing states the ownership total includes 29,100 unvested restricted stock units previously granted under the company’s Amended and Restated 2008 Omnibus Incentive Plan.

Was the transaction made during an authorized trading period?

Yes, the Form 4 explicitly states the transaction was effected during an open trading window for employees and directors.

Who signed the Form 4 and when?

The Form 4 was signed by Stephen P. Mullery, as attorney-in-fact for Bradford T. Nordholm on 08/28/2025.

Does the Form 4 disclose the reason for the sale?

No. The filing provides the sale details and context about timing and holdings but does not state a reason or use of proceeds.