Agree Realty (ADC) Director John Rakolta Jr Buys 20,000 Shares

What Happened

• John Rakolta Jr, a director of Agree Realty Corp (ticker: ADC), purchased 20,000 shares in an open-market transaction on 2026-09-16.
• The weighted-average purchase price was $68.78 per share (range $68.74–$68.81), for a total transaction value of approximately $1,375,600.
• This was a purchase (insider buying), which some investors view as a positive signal, though it does not guarantee future performance.

Key Details

• Transaction date: 2026-09-16; Form 4 filed 2026-09-17.
• Transaction type/code: Open market purchase (P).
• Price: weighted average $68.78; individual trade prices ranged $68.74–$68.81 (footnote F1). The reporting person can provide a breakdown of the number of shares at each price on request.
• Total value: ~$1,375,600.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote F2: The filing notes inclusion of 2,405.098 shares acquired under a dividend reinvestment plan since the last statement of changes in beneficial ownership.
• Filing timeliness: Filed the day after the transaction (no late-filing indication).

Context

• Open-market purchases are straightforward — the director bought existing shares on the market rather than receiving an award or exercising options.
• Footnotes clarify the pricing details and that some additional shares were added via dividend reinvestment since the last filing, which affects reported beneficial ownership disclosures.
• As always, insider purchases show the insider bought stock, but retail investors should consider broader fundamentals and diversification before drawing investment conclusions.