AGREE REALTY chair buys 5,000 ADC shares

AGREE REALTY CORP executive chairman Richard Agree reported an open-market purchase of 5,000 Common Shares on June 4, 2026 at $71.41 per share.

Rhea-AI Filing Summary

AGREE REALTY CORP executive chairman Richard Agree reported an open-market purchase of 5,000 Common Shares on June 4, 2026 at $71.41 per share. The purchased shares are held indirectly through his wife’s account, bringing that indirect position to 90,512 shares following the transaction.

Separate holding entries show he directly owns 422,200 Common Shares and an additional 155,855 Common Shares are held indirectly in a trust for his children. The filing highlights an overall net increase of 5,000 Common Shares across his reported positions.

Insights

Insider transactions analyst

Director-related account bought 5,000 shares, a routine net increase.

Executive chairman Richard Agree reported an open-market purchase of 5,000 AGREE REALTY CORP Common Shares at $71.41 per share on June 4, 2026. The transaction is coded as a purchase and is held indirectly through his wife’s account.

The filing also reports updated holdings: 422,200 Common Shares held directly, 155,855 Common Shares held via a trust for his children, and 90,512 Common Shares now held through his wife. With only one small open-market buy and no sales, this appears as a routine net-buy signal rather than a transformational event.

Insider Trade Summary

Net Buyer: 5,000 shares

Net Buy 3 txns

Insider AGREE RICHARD

Role EXECUTIVE CHAIRMAN OF BOARD

Bought 5,000 shs ($357K)

Type	Security	Shares	Price	Value
Purchase	Common Shares	5,000	$71.41	$357K
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 90,512 shares (Indirect, By wife); Common Shares — 155,855 shares (Indirect, By trust - children); Common Shares — 422,200 shares (Direct)

Key Figures

Open-market purchase size: 5,000 shares Purchase price: $71.41 per share Direct holdings after transaction: 422,200 shares +3 more

6 metrics

Open-market purchase size 5,000 shares Common Shares bought on June 4, 2026

Purchase price $71.41 per share Open-market transaction on June 4, 2026

Direct holdings after transaction 422,200 shares Common Shares held directly by Richard Agree

Children’s trust holdings 155,855 shares Common Shares held indirectly by trust for children

Wife’s account holdings after buy 90,512 shares Common Shares held indirectly through wife’s account

Net share change 5,000 shares Net-buy across reported transactions

Key Terms

open-market purchase, indirect ownership, Common Shares, trust for his children

4 terms

open-market purchase financial

"reported an open-market purchase of 5,000 Common Shares on June 4, 2026"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

"The purchased shares are held indirectly through his wife’s account"

Common Shares financial

"reported an open-market purchase of 5,000 Common Shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

trust for his children financial

"155,855 Common Shares are held indirectly in a trust for his children"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AGREE REALTY CORP (ADC) report for Richard Agree?

AGREE REALTY CORP reported that executive chairman Richard Agree completed an open-market purchase of 5,000 Common Shares. The trade occurred on June 4, 2026, at a price of $71.41 per share, increasing his overall reported share ownership.

At what price did Richard Agree buy AGREE REALTY CORP (ADC) shares?

Richard Agree bought 5,000 AGREE REALTY CORP Common Shares at $71.41 per share. This open-market purchase on June 4, 2026, reflects the price he was willing to pay to increase his indirect ownership through his wife’s account.

How many AGREE REALTY CORP (ADC) shares does Richard Agree now hold directly?

Following the reported transactions, Richard Agree directly holds 422,200 AGREE REALTY CORP Common Shares. This figure represents his personal direct stake, separate from additional indirect holdings through a children’s trust and his wife’s account disclosed in the filing.

What indirect AGREE REALTY CORP (ADC) holdings were reported for Richard Agree’s family?

The filing shows 155,855 Common Shares held indirectly through a trust for Richard Agree’s children and 90,512 Common Shares held indirectly through his wife. These positions are reported as indirect ownership interests associated with the executive chairman.

Was the recent AGREE REALTY CORP (ADC) insider activity a net buy or net sell?

The insider activity reported for AGREE REALTY CORP was a net buy. The Form 4 shows one open-market purchase of 5,000 Common Shares and no reported sales, resulting in a net increase of 5,000 shares in the disclosed positions.

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

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Accepted by SEC EDGAR 06/08/2026 - 07:00 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

AGREE RICHARD

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EXECUTIVE CHAIRMAN OF BOARD

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/04/2026		P		5,000	A	$71.41	90,512	I	By wife
Common Shares								155,855	I	By trust - children
Common Shares								422,200	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Stephen Breslin, Attorney-in-Fact	06/08/2026
	** Signature of Reporting Person	Date
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)