AGREE REALTY CORP — Director's Dealing 2022

Feb 25, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGREE REALTY CORP (ADC)
CIK: 0000917251
Period of Report: 2022-02-23

Reporting Person: Wolff David A. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-23	Common Shares	F	216	$62.62	Disposed	2808	Direct
2022-02-23	Common Shares	A	1597	—	Acquired	4405	Direct

Footnotes

F1: Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 636 common shares.

F2: All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Compensation Committee of the Board of Directors. These shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on June 30, 2022.