Agree Realty (ADC) Director John Rakolta Jr Buys 20,136 Shares

What Happened
John Rakolta Jr, a director of Agree Realty Corp (ticker: ADC), purchased a total of 20,136 shares in two open-market transactions. On 2026-08-27 he acquired 20,000 shares at an average price of $73.23 for a reported total of $1,464,600, and on 2026-08-28 he acquired 136 shares at $73.52 for $9,999. These were purchases (insider buys), which are often viewed as a more informative signal than routine sales but do not prove motivation.

Key Details

• Transaction dates and prices:
  • 2026-08-27: 20,000 shares at a weighted average price ~$73.23 (total $1,464,600).
  • 2026-08-28: 136 shares at $73.52 (total $9,999).
• Aggregate purchase: 20,136 shares for approximately $1,474,599.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes:
  • F1: The 8/27 price is a weighted average; individual trades ranged $73.18–$73.23. The filer can provide detailed per-trade prices on request.
  • F2: Filing notes inclusion of 6,263.244 shares acquired under a dividend reinvestment plan since the last statement of changes.
• Filing: Form 4 was filed on 2026-08-31; this appears to be within the normal two-business-day reporting window.

Context
These were open-market purchases (transaction code P). Purchases by directors can indicate confidence but are not definitive proof of future performance. The filing is explanatory (includes weighted-average pricing and DRIP shares) and contains no indication of option exercises, gifts, or tax-withholding events.