Joey Agree - 13 Aug 2025 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role: PRESIDENT & CEO, Director
Signature: /s/ Donald J. Kunz, Attorney-in-Fact
Issuer symbol: ADC
Transactions as of: 13 Aug 2025
Transactions value $: $349,928
Form type: 4
Filing time: 14 Aug 2025, 06:15:05 UTC
Previous filing: 25 Feb 2025
Next filing: 18 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Agree Joey	PRESIDENT & CEO, Director	32301 WOODWARD AVENUE, ROYAL OAK	/s/ Donald J. Kunz, Attorney-in-Fact	14 Aug 2025	0001348490

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADC	Common Shares	Purchase	$296K	+4.11K	+0.65%	$72.15	633K	13 Aug 2025	Direct	F1
transaction	ADC	Common Shares	Purchase	$53.5K	+742	+33.85%	$72.15	2.93K	13 Aug 2025	By children	F1

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

Explanation of Responses:

Id	Content
F1	The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $72.02 to $72.19. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in the footnote.

Content

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $72.02 to $72.19. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in the footnote.