Sec Form 4 Filing - Maines Robert J @ FEDERAL AGRICULTURAL MORTGAGE CORP - 2022-03-09

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Maines Robert J 2. Issuer Name and Ticker or Trading Symbol FEDERAL AGRICULTURAL MORTGAGE CORP [ AGM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP - Operations (Last) (First) (Middle) C/O FARMER MAC 1999 K STREET NW, 4TH FL 3. Date of Earliest Transaction (MM/DD/YY) 03/09/2022 (Street) WASHINGTON, DC20006 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/09/2022 A 408 A $ 0( 1 ) 2,296( 2 ) D Class C Non-Voting Common Stock 03/09/2022 A 204( 3 )( 4 ) A $ 0( 3 ) 2,500( 2 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Stock Appreciation Right $ 120.38 03/09/2022 A 753 ( 5 ) 03/09/2032 Class C Non-Voting Common Stock 753 $ 0( 6 ) 753 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Maines Robert J C/O FARMER MAC 1999 K STREET NW 4TH FL WASHINGTON, DC20006 SVP - Operations Signatures Stephen P. Mullery, as attorney-in-fact for Robert J. Maines 03/11/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 136 RSUs, each of which will vest on March 31, 2023, March 31, 2024, and March 31, 2025, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates. ( 2 )In addition to the RSUs reported in this filing, includes 1,888 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. ( 3 )This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2025 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2022 to December 31, 2024, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement. ( 4 )Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award. ( 5 )Exercisable beginning March 31, 2023 with respect to 251 shares, beginning March 31, 2024 with respect to 251 shares, and beginning March 31, 2025 with respect to 251 shares. ( 6 )Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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