Adams Diversified Equity Fund (ADX) insider reports family ADX stock purchases

Rhea-AI Filing Summary

Adams Diversified Equity Fund insider activity centers on family purchases of ADX shares. Multiple open-market buys of common stock were made on January 30, 2026 and February 2, 2026 in the individual brokerage account of the adult child of Janis F. Kerns, the fund’s General Counsel & Corporate Secretary.

The transactions, all coded as purchases, range from 7 to 107 ADX shares at prices between $23.23 and $23.30 per share. Following these trades, indirect holdings reported as "By Child" total 51,989.6375 shares of Adams Diversified Equity Fund common stock.

Insider Trade Summary

Net Buyer: 321 shares ($7,458)

Net Buy 4 txns

Insider Kerns Janis F.

Role Gen. Counsel & Corp. Secretary

Bought 321 shs ($7K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	7	$23.30	$163.10
Purchase	Common Stock	107	$23.24	$2K
Purchase	Common Stock	107	$23.23	$2K
Purchase	Common Stock	100	$23.23	$2K

Holdings After Transaction: Common Stock — 51,989.638 shares (Indirect, By Child)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Kerns Janis F.

(Last) (First) (Middle)

ADAMS FUNDS

500 EAST PRATT STREET, SUITE 1300

(Street)

BALTIMORE MD 21202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADAMS DIVERSIFIED EQUITY FUND, INC. [ ADX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Gen. Counsel & Corp. Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 Stock	01/30/2026		P		107	A	$23.24	51,775.6375	I	By Child(1)
Common Stock	01/30/2026		P		107	A	$23.23	51,882.6375	I	By Child(1)
Common Stock	01/30/2026		P		100	A	$23.23	51,982.6375	I	By Child(1)
Common Stock	02/02/2026		P		7	A	$23.3	51,989.6375	I	By Child(1)

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:

1. Purchase by adult child of the reporting person in individual account in the child's name. The child is a college student whose permanent address is the reporting person's household.

	Gail L. Valenti as Attorney-in-Fact for Janis F. Kerns	02/02/2026
	** 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.

FAQ

What insider transactions did ADX report in this Form 4 filing?

The Form 4 reports several open-market purchases of Adams Diversified Equity Fund common stock in an adult child’s account, in share amounts from 7 to 107, at prices around $23.23–$23.30, increasing the indirectly reported holdings to 51,989.6375 shares.

Who is the reporting person in the ADX Form 4 and what is their role?

The reporting person is Janis F. Kerns, who serves as General Counsel & Corporate Secretary of Adams Diversified Equity Fund, Inc. The Form 4 reflects indirect ownership through transactions in the individual account of the reporting person’s adult child.

On what dates were the ADX shares purchased in this insider report?

The purchases of Adams Diversified Equity Fund common stock occurred on January 30, 2026, and February 2, 2026. Each transaction was reported as an open-market purchase, with resulting changes in the total number of shares indirectly held through the adult child’s account.

At what prices were the ADX shares bought in the reported transactions?

The reported purchases of Adams Diversified Equity Fund common stock were executed at prices between $23.23 and $23.30 per share. Individual trades on January 30, 2026 and February 2, 2026 each specify exact per-share prices within this narrow range.

How many ADX shares are indirectly held after the reported Form 4 trades?

After the reported transactions, the Form 4 shows indirect ownership of 51,989.6375 shares of Adams Diversified Equity Fund common stock. These shares are held in the individual brokerage account of the reporting person’s adult child, whose permanent address is the reporter’s household.

Whose account was used for the ADX stock purchases disclosed in this Form 4?

The ADX stock purchases were made in the individual account of the reporting person’s adult child. The footnote explains the child is a college student with a permanent address at the reporting person’s household, and the holdings are reported as indirect ownership "By Child."