John Rakolta Jr - May 23, 2024 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: May 23, 2024
Transactions value $: $1,186,400
Form type: 4
Date filed: 5/28/2024, 06:30 AM
Previous filing: Feb 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADC	Common Shares	Purchase	$592K	+10K	+2.4%	$59.24	426K	May 23, 2024	Direct	F1
transaction	ADC	Common Shares	Purchase	$594K	+10K	+2.35%	$59.40	436K	May 23, 2024	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 143.841 shares acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership filed by Reporting Person.
F2	The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $59.27 to $59.49 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 143.841 shares acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership filed by Reporting Person.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $59.27 to $59.49 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.