JUNKINS LOWELL 4

What Happened
Lowell Junkins, a director of Federal Agricultural Mortgage Corp (Farmer Mac, ticker: AGM), received 9 shares of Farmer Mac Class C Non‑Voting Common Stock on March 31, 2026. The shares were issued at the market closing price of $148.35 per share, a total value of $1,335, under his existing election to receive stock in lieu of part of his cash director retainer.

Key Details

• Transaction date and price: 2026-03-31 — 9 shares at $148.35 per share (total reported value $1,335).
• Transaction type: Award/grant or other acquisition (issued in lieu of cash retainer).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: Shares issued pursuant to director’s election to purchase newly issued Class C shares in lieu of cash; market value = NYSE closing price on 3/31/2026.
• Footnote F2: Reporting person also has 471 unvested restricted stock units that vest on 3/31/2027 if still a director.
• Filing: Form 4 filed with accession 0001246115-26-000004 on 2026-04-02 reporting the 3/31/2026 transaction.

Context
These shares were issued as part of routine director compensation election (receiving stock instead of cash). Such in-lieu issuances are common and reflect compensation mechanics rather than an open-market purchase or sale; they do not by themselves indicate the director’s market sentiment.