RAKOLTA JOHN JR 4

What Happened John Rakolta Jr, a director of Agree Realty (ADC), made an open-market purchase of 146 shares on April 1, 2026 at $75.69 per share, for a total reported cost of approximately $11,051. This transaction is recorded as a purchase (code P) on the Form 4.

Key Details

• Transaction date and price: 2026-04-01 — 146 shares @ $75.69 each (open-market/private purchase).
• Total value: about $11,051.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: F1 — the filing notes an additional 5,781.296 shares were acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership.
• Filing date/timeliness: Form 4 filed on 2026-04-03 reporting the 2026-04-01 transaction; appears to be timely based on the filing dates.

Context This was a straightforward open-market purchase (not an option exercise or award). The purchase amount is modest (~$11k); while insider purchases can be of interest to investors, small open-market buys can also be routine. The DRIP note indicates the reporting person acquired additional shares via dividend reinvestment since their last filing.