RAKOLTA JOHN JR 4

What Happened

John Rakolta Jr., a director of Agree Realty Corp (ADC), reported an open-market purchase of 20,000 shares on May 15, 2026 at $74.57 per share, a transaction valued at approximately $1,491,400. This was a purchase (transaction code P), which insiders’ buys are often viewed as more informative than routine sales.

Key Details

• Transaction date and price: May 15, 2026 — 20,000 shares at $74.57 each.
• Total value: ~$1,491,400.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Filing notes 2,003.480 shares were acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership.
• Filing timeliness: Form 4 filed May 19, 2026 for a May 15 transaction — filed within the SEC’s two-business-day window (timely).
• No 10b5-1 trading plan, gift, or option-exercise language was disclosed in the provided details.

Context

This report documents a straightforward open-market purchase by a company director. Purchases by insiders can signal confidence but do not by themselves prove future company performance. The footnote indicates some additional shares were added via dividend reinvestment since the last filing, which is a separate, routine way insiders can accumulate shares.