A Form 4 filed on August 31, 2026 discloses that John Rakolta Jr., a director of Agree Realty Corp (NYSE:ADC), acquired a total of 20,136 common shares across two transactions on August 27 and August 28, 2026.

Key Highlights

  • Director purchase on August 27, 2026: John Rakolta Jr. acquired 20,000 common shares at a weighted average price of $73.23, with individual transaction prices ranging from $73.18 to $73.23.
  • Second purchase on August 28, 2026: An additional 136 common shares were acquired directly at $73.52.
  • Post-transaction direct ownership: Following both transactions, Rakolta Jr. directly holds 622,197.004 common shares.
  • Indirect holdings: The reporting person also holds 146 common shares indirectly, owned by his wife.
  • Dividend reinvestment shares included: The directly held total includes 6,263.244 shares acquired under a dividend reinvestment plan since the last filed Statement of Changes in Beneficial Ownership.

Agree Realty Director Rakolta Reports Open-Market Share Acquisitions

According to the filing, John Rakolta Jr., identified as a director of Agree Realty Corp (NYSE:ADC), reported two open-market purchase transactions in the company's common shares. The first transaction, dated August 27, 2026, involved the acquisition of 20,000 shares coded as a purchase (transaction code "P"). The filing notes that the reported price of $73.23 is a weighted average, with individual purchases executed at prices ranging from $73.18 to $73.23. The reporting person has undertaken to provide full details of shares purchased at each separate price upon request to the issuer, any security holder, or SEC staff.

The second transaction, dated August 28, 2026, consisted of a direct purchase of 136 shares at $73.52, also coded "P." Following both transactions, the filing reports that Rakolta Jr.'s direct beneficial ownership stands at 622,197.004 common shares. The filing further discloses that this total includes 6,263.244 shares acquired through a dividend reinvestment plan since the reporting person's last Statement of Changes in Beneficial Ownership.

In addition to the directly held shares, the filing lists 146 common shares held indirectly by the reporting person's wife. No derivative securities transactions were reported in Table II. The form was signed by Stephen Breslin as attorney-in-fact on August 31, 2026.

What Was Disclosed

The Form 4 discloses two open-market purchases of Agree Realty Corp common shares by director John Rakolta Jr. on August 27 and 28, 2026, totaling 20,136 shares, with resulting direct beneficial ownership of 622,197.004 shares.