John Rakolta Jr - Oct 7, 2025 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
Director
Signature
/s/ Stephen Breslin, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Oct 7, 2025
Transactions value $
$1,771,093
Form type
4
Date filed
10/9/2025, 04:05 PM
Previous filing
Jun 13, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
RAKOLTA JOHN JR Director 32301 WOODWARD AVENUE, ROYAL OAK /s/ Stephen Breslin, Attorney-in-Fact 2025-10-09 0001528153

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Purchase $1.77M +25.2K +4.76% $70.41 554K Oct 7, 2025 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $70.30 to $70.50. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in the footnote.
F2 Includes 7,313.980 shares acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership filed by the Reporting Person.

Remarks:

Exhibit 24, Power of Attorney, is attached.