AGREE REALTY CORP — Director's Dealing 2023

Dec 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGREE REALTY CORP (ADC)
CIK: 0000917251
Period of Report: 2023-12-20

Reporting Person: RAKOLTA JOHN JR (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-20	Common Shares	G	12107	—	Disposed	368165	Direct
2023-12-20	Common Shares	P	13000	$62.44	Acquired	381165	Direct
2023-12-21	Common Shares	P	335	$62.41	Acquired	381500	Direct

Footnotes

F1: Includes 216 shares acquired between March 16, 2023 and December 19, 2023 under the Agree Realty Corporation dividend reinvestment plan.

F2: The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $62.15 to $62.60 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.