[424B3] NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ Prospectus Filed Pursuant to Rule 424(b)(3)

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation is issuing a $300,000.00 Medium-Term Note, Series D, with an issue price of 100% of principal. The note will be issued on February 15, 2026 and will mature on April 15, 2027, giving it a term of just over one year.

The note pays interest at a fixed rate of 3.61% per annum, with interest payable on each January 15 and July 15 to holders of record on each preceding January 1 and July 1. There is no redemption date, and no selling commission is paid to agents for this issuance.

Legal counsel Hogan Lovells US LLP states that, after proper authorization, payment and delivery under the indenture, the note will constitute a valid and binding obligation of the company, subject to standard bankruptcy and equitable principles under District of Columbia cooperative law and New York law.

Rule 424 (b) (3)

Registration No.: 333-275151

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

Medium-Term Notes, Series D

Due Nine Months or More from Date of Issue

Trade Date			February 11, 2026
Pricing Supplement No.			10479
Pricing Supplement Date			February 11, 2026
Prospectus Supplement Date			October 27, 2023
Base Prospectus Date			October 24, 2023
Principal Amount			$300,000.00
Issue Price			100% of Principal Amount
Original Issue Date			February 15, 2026
Maturity Date			April 15, 2027
Interest Rate			3.61% per annum
Regular Record Dates			Each January 1 and July 1
Interest Payment Dates			Each January 15 and July 15
Redemption Date			None
Agents Commission			None
Form of Note: (Book-Entry or Certificated)			Certificated
Other Terms			None
Medium-Term Notes, Series D may be issued by the Company in an unlimited aggregate principal amount.

Validity of the Medium-Term Note

In the opinion of Hogan Lovells US LLP, as counsel to the Company, following (i) receipt by the Company of the consideration for the notes specified in applicable resolutions of the board of directors of the Company and (ii) the due execution, authentication, issuance and delivery of the notes pursuant to the terms of the indenture and the applicable underwriting, agency or distribution agreement against payment therefor, the notes offered by this pricing supplement will constitute valid and binding obligations of the Company, subject to the effect of (a) bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting creditors’ rights and remedies (including, without limitation, the effect of statutory and other law regarding fraudulent conveyances and fraudulent, preferential or voidable transfers), and (b) the exercise of judicial discretion and the application of principles of equity, good faith, fair dealing, reasonableness, conscionability and materiality (regardless of whether the applicable agreements are considered in a proceeding in equity or at law), including, without limitation, principles limiting the availability of specific performance and injunctive relief.

This opinion is based as to matters of law solely on applicable provisions of the following, as currently in effect: (i) the District of Columbia General Cooperative Association Act of 2010 and (ii) the laws of the State of New York (but not including any laws, statutes, ordinances, administrative decisions, rules or regulations of any political subdivision below the state level). In addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and delivery of the indenture and its authentication of the notes and the validity, binding nature and enforceability of the indenture with respect to the trustee, all as stated in the letter of such counsel dated October 27, 2023, which has been filed as an exhibit to a Current Report on Form 8-K by the Company on October 27, 2023.

FAQ

What is National Rural Utilities Cooperative Finance (NRUC) issuing in this 424B3?

National Rural Utilities Cooperative Finance is issuing a Medium-Term Note, Series D, with a principal amount of $300,000.00. It is part of their ongoing medium-term note program and carries fixed interest payments through its stated maturity date.

What are the key terms of NRUC’s Medium-Term Note, Series D?

The Medium-Term Note has a principal amount of $300,000.00, an issue price of 100% of principal, and a fixed interest rate of 3.61% per annum. It is issued on February 15, 2026 and matures on April 15, 2027.

How and when does NRUC’s new note pay interest to investors?

The note pays interest at 3.61% per year, with payments on each January 15 and July 15. Holders must be on record as of the preceding January 1 or July 1 to receive the corresponding interest payment.

Does NRUC’s Medium-Term Note, Series D, have any redemption feature?

The pricing terms specify a redemption date of “None,” meaning the note does not include an early redemption feature. Investors can expect repayment of principal at the stated maturity on April 15, 2027, barring any separate arrangements.

What legal opinion supports the validity of NRUC’s new Medium-Term Note?

Hogan Lovells US LLP opines that, after proper authorization, payment and delivery under the indenture, the note will be a valid and binding obligation of NRUC. This is subject to typical bankruptcy laws and equitable principles under District of Columbia and New York law.

Are there any agent commissions on the NRUC Medium-Term Note, Series D?

The terms state that the agents’ commission is “None,” indicating no selling commission is being paid in connection with this note. Investors purchase the note at 100% of its $300,000.00 principal amount under the described pricing terms.