# EDGAR Filing Document

**Accession Number:** 0000845877
**File Stem:** 0000845877-25-000173
**Filing Date:** 2025-6
**Character Count:** 8936
**Document Hash:** 0a07084d32c09fbd8be6ca739df16bb9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000845877-25-000173.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0000845877-25-000173

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250611

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Ramesh Aparna
- **CENTRAL INDEX KEY:** 0001799715

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14951
- **FILM NUMBER:** 251046689

**MAIL ADDRESS:**
- **STREET 1:** C/O FARMER MAC 2100 PENNSYLVANIA AVE  NW
- **STREET 2:** SUITE 450N
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20037
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERAL AGRICULTURAL MORTGAGE CORP
- **CENTRAL INDEX KEY:** 0000845877
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 521578738
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 2100 PENNSYLVANIA AVE NW
- **STREET 2:** SUITE 450N
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20037
- **BUSINESS PHONE:** 2028727700

**MAIL ADDRESS:**
- **STREET 1:** 2100 PENNSYLVANIA AVE NW
- **STREET 2:** SUITE 450N
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20037

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Ramesh Aparna<br><sub>(Last) (First) (Middle)</sub><br>C/O FARMER MAC<br>2100 PENNSYLVANIA AVE., NW, SUITE 450N<br><sub>(Street)</sub><br>WASHINGTON, DC 20037<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-06-11 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP - Chief Financial Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>FEDERAL AGRICULTURAL MORTGAGE CORP [ AGM ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class C Non-Voting Common Stock | 2025-06-11 |  | M |  | 876<sup>(1)(2)</sup> | A | $120.38 | 11263.8087<sup>(3)</sup> | D |  |
| Class C Non-Voting Common Stock | 2025-06-11 |  | F |  | 163<sup>(1)(2)</sup> | D | $195.43 | 11100.8087<sup>(3)</sup> | D |  |
| Class C Non-Voting Common Stock | 2025-06-11 |  | D |  | 540<sup>(1)(2)</sup> | D | $195.43 | 10560.8087<sup>(3)</sup> | D |  |
| Class C Non-Voting Common Stock | 2025-06-11 |  | M |  | 1496<sup>(2)(4)</sup> | A | $135.20 | 12056.8087<sup>(3)</sup> | D |  |
| Class C Non-Voting Common Stock | 2025-06-11 |  | F |  | 223<sup>(2)(4)</sup> | D | $195.43 | 11833.8087<sup>(3)</sup> | D |  |
| Class C Non-Voting Common Stock | 2025-06-11 |  | D |  | 1035<sup>(2)(4)</sup> | D | $195.43 | 10798.8087<sup>(3)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Appreciation Right | $120.38 | 2025-06-11 |  | M |  |  | 876<sup>(1)(2)</sup> | 2025-03-31 | 2032-03-09 | Class C Non-Voting Common Stock | 876 | $0 | 0 | D |  |
| Stock Appreciation Right | $135.20 | 2025-06-11 |  | M |  |  | 1496<sup>(2)(4)</sup> | <sup>(5)</sup> | 2033-03-09 | Class C Non-Voting Common Stock | 1496 | $0 | 748 | D |  |

---

### Footnotes:

(1) In connection with the net share settlement of the exercise of 876 vested stock appreciation rights ("SARs") granted in March 2022 with a grant price of $120.38 per share, Ms. Ramesh was entitled to receive 336 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Ms. Ramesh received 173 shares, and Farmer Mac retained 163 shares to satisfy tax withholding requirements arising from the exercise. The 540 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

(2) Transaction effected during an open trading window for employees and directors of Farmer Mac.

(3) Includes 4,408 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Pan, as described in more detail in the Reporting Person'sprior filings under Section 16 of the Securities Exchange Act of 1934.

(4) In connection with the net share settlement of the exercise of 1,496 vested SARs granted in March 2023 with a grant price of $135.20 per share, Ms. Ramesh was entitled to receive 461 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Ms. Ramesh received 238 shares, and Farmer Mac retained 223 shares to satisfy tax withholding requirements arising from the exercise. The 1,035 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

(5) Exercisable beginning March 31, 2024 with respect to 748 shares, beginning March 31, 2025 with respect to 748 shares, and beginning March 31, 2026 with respect to 748 shares.

**Signature:** Jonathan Cohen, as attorney-in-fact for Aparna Ramesh  
**Date:** 2025-06-13

### Remarks:

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.**