Erlich Craig 4

What Happened

• Craig Erlich, Chief Growth Officer of Agree Realty Corp (ADC), disposed of 500 shares on May 6, 2026 via a gift (transaction code G). The reported price per share was $0.00 and the total reported consideration was $0.

Key Details

• Transaction date: 2026-05-06; Price reported: $0.00 per share; Total value reported: $0.00
• Transaction type: Gift (SEC Form 4 code G) — recorded as a disposition
• Shares owned after the transaction: not specified in the provided filing excerpt
• Filing date: 2026-05-08 — filed two business days after the transaction, which appears to meet Form 4 timeliness requirements
• No footnotes or 10b5-1/withholding details were provided in the supplied information

Context

• Gifts are transfers of ownership and do not necessarily signal the insider’s view on the company's prospects; they are often for personal, estate, or family-planning reasons. Because no cash changed hands, this transaction should not be interpreted as a market purchase or sale for cash-based valuation purposes.