John Rakolta Jr - Dec 20, 2023 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role: Director
Signature: /s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol: ADC
Transactions as of: Dec 20, 2023
Transactions value $: $832,627
Form type: 4
Date filed: 12/22/2023, 04:05 PM
Previous filing: Sep 27, 2023
Next filing: Feb 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADC	Common Shares	Gift	$0	-12.1K	-3.18%	$0.00	368K	Dec 20, 2023	Direct	F1
transaction	ADC	Common Shares	Purchase	$812K	+13K	+3.53%	$62.44	381K	Dec 20, 2023	Direct	F2
transaction	ADC	Common Shares	Purchase	$20.9K	+335	+0.09%	$62.41	382K	Dec 21, 2023	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 216 shares acquired between March 16, 2023 and December 19, 2023 under the Agree Realty Corporation dividend reinvestment plan.
F2	The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $62.15 to $62.60 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Content

Includes 216 shares acquired between March 16, 2023 and December 19, 2023 under the Agree Realty Corporation dividend reinvestment plan.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $62.15 to $62.60 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.