JOHNSON MITCHELL A 4

What Happened
Mitchell A. Johnson, a director of Federal Agricultural Mortgage Corp. (Farmer Mac, ticker: AGM), was granted 471 restricted stock units (RSUs) of Class C Non‑Voting Common Stock on March 5, 2026. The RSUs were awarded for no consideration (grant price $0.00), resulting in an acquisition reported as 471 shares @ $0.00 (total value $0). The award vests on March 31, 2027, provided Johnson remains a director on that date.

Key Details

• Transaction date: March 5, 2026; Report filed: March 9, 2026 (filed within the typical two‑business‑day Form 4 window).
• Transaction type/code: A — Award/Grant (RSUs). Price reported: $0.00; Amount: 471 RSUs.
• Shares owned following the transaction: Not disclosed in this filing.
• Footnotes: F1 — Grant of RSUs under the Amended & Restated 2008 Omnibus Incentive Plan; vesting contingent on continued service through March 31, 2027. F2 — Filing notes there are also 376 RSUs that will vest March 31, 2026 and 471 RSUs that will vest March 31, 2027 if the reporting person remains a director.
• No sale, exercise, or tax‑withholding event reported in this filing.

Context
RSU grants are conditional awards that convert into shares only if vesting conditions (here, continued service as a director through the vest date) are met. Because these RSUs were granted at no cost and are subject to future vesting, they do not represent an immediate purchase or sale and should be viewed as compensation rather than an immediate insider investment signal.