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AGREE REALTY CORP Director's Dealing 2025

Dec 29, 2025

30749_dirs_2025-12-29_1b8b6e5c-3c5f-40f2-8c8b-b87db3b3b0dd.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGREE REALTY CORP (ADC)
CIK: 0000917251
Period of Report: 2025-12-22

Reporting Person: RAKOLTA JOHN JR (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-12-22 Common Shares G 11549 Disposed 547605.801 Direct
2025-12-24 Common Shares P 15000 $72.18 Acquired 562605.801 Direct

Footnotes

F1: Includes 5,454.303 shares acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership filed by the Reporting Person.

F2: The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $72.03 to $72.32. 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.