STOCK TITAN

Agree Realty (NYSE: ADC) director adds 20,136 shares to holdings

(High)
(Positive)
Form Type
4

Rhea-AI Filing Summary

AGREE REALTY CORP (ADC) director John Rakolta Jr. reported open-market purchases of company common shares. On 2026-08-27 he purchased 20,000 shares at a weighted average price of about $73.23 per share, and on 2026-08-28 he purchased 136 shares at $73.52 per share, all held directly. A separate indirect holding entry reports 146 shares held by his wife. The filing also notes 6,263.244 shares acquired under a dividend reinvestment plan since his prior ownership report.

Positive

  • None.

Negative

  • None.

Insights

Analyzing...

Insider RAKOLTA JOHN JR
Role Director
Bought 20,136 shs ($1.47M)
Type Security Shares Price Value
Purchase Common Shares 136 $73.52 $10K
Purchase Common Shares F1, F2 20,000 $73.23 $1.46M
holding Common Shares -- -- --
Holdings After Transaction: Common Shares — 622,197.004 shares (Direct); Common Shares — 146 shares (Indirect, By wife)
Footnotes (2)
  1. F1. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $73.18 to $73.23. 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.
  2. F2. Includes 6,263.244 shares acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership filed by the Reporting Person.
Shares purchased 2026-08-27 20,000 shares Open-market purchase of ADC common shares on 2026-08-27
Weighted average purchase price 2026-08-27 $73.23 per share Weighted average price for 20,000-share purchase; trades ranged from $73.18 to $73.23
Shares purchased 2026-08-28 136 shares Open-market purchase of ADC common shares on 2026-08-28
Purchase price 2026-08-28 $73.52 per share Price for 136-share purchase on 2026-08-28
Total shares bought in reported period 20,136 shares Net buy shares from transaction summary for this Form 4
Dividend reinvestment plan shares 6,263.244 shares Shares acquired under a dividend reinvestment plan since last ownership statement
Indirect shares held by wife 146 shares Indirect beneficial ownership reported as held by wife
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
dividend reinvestment plan financial
"Includes 6,263.244 shares acquired under a dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
beneficial ownership regulatory
"last Statement of Changes in Beneficial Ownership filed by the Reporting Person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

What insider transactions did ADC director John Rakolta Jr. report?

He reported two open-market purchases of ADC common shares: 20,000 shares on 2026-08-27 at a weighted average price of about $73.23 per share, and 136 shares on 2026-08-28 at $73.52 per share.

How many ADC shares did John Rakolta Jr. buy in total in this Form 4?

He bought a total of 20,136 ADC common shares, consisting of 20,000 shares purchased on 2026-08-27 and 136 shares purchased on 2026-08-28, according to the Form 4 transaction summary.

What prices did John Rakolta Jr. pay for his ADC share purchases?

He paid a weighted average price of about $73.23 per share for the 20,000 shares bought on 2026-08-27, in multiple trades between $73.18 and $73.23. He paid $73.52 per share for the 136 shares bought on 2026-08-28.

Are any ADC shares held indirectly by John Rakolta Jr.?

Yes. The Form 4 lists an indirect holding of 146 ADC common shares described as held "By wife," separate from his directly held shares.

What does the Form 4 say about ADC shares acquired via dividend reinvestment?

It states that the reported holdings include 6,263.244 shares that were acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership filed by John Rakolta Jr.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
RAKOLTA JOHN JR

(Last)(First)(Middle)
32301 WOODWARD AVENUE

(Street)
ROYAL OAK MICHIGAN 48073

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
AGREE REALTY CORP [ ADC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Shares08/27/2026P20,000A$73.23(1)622,061.004(2)D
Common Shares08/28/2026P136A$73.52622,197.004D
Common Shares146IBy wife
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $73.18 to $73.23. 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.
2. Includes 6,263.244 shares acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership filed by the Reporting Person.
Remarks:
/s/ Stephen Breslin, Attorney-in-Fact08/31/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)