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: AGREE RICHARD (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-23	Common Shares	A	6971	—	Acquired	411859	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	94355	Indirect
Common Shares	70512	Indirect

Footnotes

F1: 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. 1,395, 1,394, 1,394, 1,394 and ,1394 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on February 23, 2023, February 23, 2024, February 23, 2025, February 23, 2026 and February 23, 2027, respectively.