Richard Agree - Sep 28, 2021 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role: Executive Chairman of Board, Director
Signature: /s/Cheryl A. Hamilton, as attorney-in-fact for Richard Agree
Stock symbol: ADC
Transactions as of: Sep 28, 2021
Transactions value $: $402,360
Form type: 4
Date filed: 9/30/2021, 04:05 PM
Next filing: Feb 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADC	Common Shares	Purchase	$402K	+6K	+1.5%	$67.06	405K	Sep 28, 2021	Direct	F1
holding	ADC	Common Shares						94.4K	Sep 28, 2021	By trust - children
holding	ADC	Common Shares						70.5K	Sep 28, 2021	By wife

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

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.02 to $67.10, inclusive. The reporting person undertakes to provide Agree Realty Corporation, any security holder of Agree Realty Corporation, or 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 above.

Content

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.02 to $67.10, inclusive. The reporting person undertakes to provide Agree Realty Corporation, any security holder of Agree Realty Corporation, or 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 above.