Joey Agree - 14 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: 14 Aug 2025
Transactions value $: $151,368
Form type: 4
Filing time: 18 Aug 2025, 06:30:05 UTC
Previous filing: 14 Aug 2025
Next filing: 03 Oct 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	18 Aug 2025	0001348490

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADC	Common Shares	Purchase	$151K	+2.1K	+0.33%	$72.08	635K	14 Aug 2025	Direct	F1
holding	ADC	Common Shares						2.93K	14 Aug 2025	By children

* 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 $72.03 to $72.10. 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 $72.03 to $72.10. 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.