Farmer Mac director reports 243‑share donation, 376 RSUs vest March 2026

Rhea-AI Filing Summary

LaJuana S. Wilcher, a director of Federal Agricultural Mortgage Corporation (AGM), reported a donation of 243 shares of Class C Non-Voting Common Stock on 08/29/2025. The transaction is coded G(1) and shows no sales proceeds ($0) because it represents a charitable gift to a Donor Advised Fund. After the donation, the reporting person beneficially owns 3,096 shares, which includes 376 time-vested restricted stock units scheduled to vest on March 31, 2026 if she remains a director. The Form 4 was signed by an attorney-in-fact on 09/03/2025. The filing notes the transfer occurred during an open trading window for Farmer Mac employees and directors.

Positive

• Compliance: Timely Section 16 reporting with attorney‑in‑fact signature noted
• Transparency: Filing discloses charitable donation, open trading window timing, and RSU vesting schedule

Negative

• None.

Insights

Financial Analyst

TL;DR: Director reported a small charitable donation of 243 shares; holding and vesting schedule disclosed, no cash proceeds.

The reported transaction is a non‑derivative, non‑cash disposal classified as a charitable donation under code G(1). The disposal reduced reported beneficial holdings modestly to 3,096 shares. Disclosure of 376 time‑vested restricted stock units that will vest on 03/31/2026 provides clarity on near‑term potential share issuance to the director subject to continued service. This Form 4 is informational and does not indicate trading for liquidity or diversification; the transaction occurred during an open trading window, which reduces insider‑trading compliance concerns.

Corporate Governance Expert

TL;DR: Routine insider disclosure of a charitable transfer; governance controls appear followed.

The filing shows appropriate Section 16 reporting by a director and notes timing within an open trading window, which suggests adherence to the company’s insider trading policies. Use of an attorney‑in‑fact to sign the Form 4 is documented with the signature date of 09/03/2025. The inclusion of the vesting schedule for 376 RSUs is useful for assessing potential future dilution and third‑party beneficial ownership timing. There are no indications of unusual compensation or undisclosed related‑party transactions in this submission.

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^*

Wilcher LaJuana S

(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)
08/29/2025

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	08/29/2025		G(1)		243(2)	D	$0	3,096(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 (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. Represents a charitable donation of shares to a Donor Advised Fund.

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

3. 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:

	Stephen P. Mullery, as attorney-in-fact for LaJuana S. Wilcher	09/03/2025
	** 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 LaJuana S. Wilcher report on Form 4 for AGM?

The Form 4 reports a charitable donation of 243 shares of Farmer Mac Class C Non‑Voting Common Stock on 08/29/2025; no cash proceeds were received.

How many shares does the reporting person own after the transaction?

After the reported donation, the reporting person beneficially owns 3,096 shares of Farmer Mac Class C Non‑Voting Common Stock.

Are there any restricted stock units disclosed in the filing?

Yes. The filing includes 376 time‑vested restricted stock units that will vest on March 31, 2026 if the reporting person remains a director.

Was the transaction executed during an open trading window?

Yes. The filing states the transaction was effected during an open trading window for Farmer Mac employees and directors.

Who signed the Form 4 and when?

The Form 4 was signed by Stephen P. Mullery, as attorney‑in‑fact for LaJuana S. Wilcher, on 09/03/2025.