Aparna Ramesh - Nov 21, 2022 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Role: EVP - Chief Financial Officer
Signature: Stephen P. Mullery, as attorney-in-fact for Aparna Ramesh
Stock symbol: AGM
Transactions as of: Nov 21, 2022
Transactions value $: -$45,425
Form type: 4
Date filed: 11/22/2022, 04:30 PM
Previous filing: Apr 4, 2022
Next filing: Mar 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGM	Class C Non-Voting Common Stock	Options Exercise	$139K	+1.85K	+24.56%	$75.16	9.36K	Nov 21, 2022	Direct	F1, F2
transaction	AGM	Class C Non-Voting Common Stock	Tax liability	-$45.3K	-360	-3.85%	$125.92	9K	Nov 21, 2022	Direct	F1, F2
transaction	AGM	Class C Non-Voting Common Stock	Disposed to Issuer	-$139K	-1.1K	-12.25%	$125.92	7.89K	Nov 21, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AGM	Stock Appreciation Right	Options Exercise	$0	-1.85K	-50%	$0.00	1.85K	Nov 21, 2022	Class C Non-Voting Common Stock	1.85K	$75.16	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 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.
F2	Includes 6,173 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.

Content

In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 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.

Includes 6,173 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.