ADC AGREE REALTY CORP Insider Trading

Executive Chairman Richard Agree buys 5,000 shares of Agree Realty (ADC) at $71.41; stock now -10.6% from 52-week high

Richard Agree, Executive Chairman of Agree Realty, purchased 5,000 shares at $71.41 on 2026-06-04, bringing his holdings to 90,512 shares from 85,512 shares—a 5.8% increase in position size. The purchase occurs as the stock trades at $73.41, down 10.6% from its 52-week high of $82.08 and down 9.8% over the past 90 days. While his cross-ticker track record shows strong prior timing (7 buys averaging +5.8% 30-day return and +8.2% 90-day return with a 100% win rate), his same-ticker history at ADC is more limited in measurable outcomes—only 2 of 5 prior trades have concluded with measurable returns, both showing positive 90-day gains. The company fundamentals remain solid: $200.8M quarterly revenue with 16.4% annual growth and $62.1M net income, though the P/E of 40.11 reflects a premium valuation relative to broader market averages.

Director Rakolta buys 20,000 ADC shares at $74.57; cluster buy with 2 others in 14 days; same-ticker timing: 4 of 5 prior buys well-timed at 90d.

John Jr Rakolta, a Director, purchased 20,000 shares at $74.57 on 2026-05-15, raising his holdings to 595,797 shares. This transaction is part of a cluster buy pattern—2 other insiders also purchased within the past 14 days—suggesting coordinated board-level confidence. His same-ticker history at ADC shows 4 of 5 prior buys were well-timed at the 90-day mark, indicating he has demonstrated judgment in selecting entry points at this company. However, the current price of $75.59 is -7.9% from the 52-week high, and ADC has declined -4.9% over 30 days, suggesting this buy enters against recent negative momentum. The company's fundamentals remain solid (Revenue $200,807,000.00, Net income $62,051,000.00, Annual revenue growth +16.4%), though the P/E of 41.31 reflects a premium valuation relative to near-term earnings.

Then-CEO Joey Agree bought 13,295 ADC shares at $75.41, ~$1.0M, lifting his stake to 675.1K shares (+2.0%).

Agree Joey, who was PRESIDENT & CEO at the time of filing, purchased 13,295 shares of Agree Realty Corp at $75.41 for a total value of $1,002,575.95, bringing his post-transaction holdings to 675,105 shares. The purchase occurred with ADC's stock sitting -8.0% from its 52-week high and down -4.9% over the prior 30 days. Across his cross-ticker open-market history, Agree Joey's 12 prior buys show an avg 90d return of +3.0% with a 90d win rate of 100.00%, and his 5 prior buys specifically at ADC each produced positive 90-day returns ranging from +1.8% to +6.7%. The company's most recent quarterly revenue was $200.8M, with annual revenue growth of +16.4% and a market cap of $9.1B, providing the fundamental backdrop against which this $1.0M open-market purchase was made.

Director Greg Lehmkuhl bought 750 ADC shares at $75.09 on 2026-05-14, raising holdings to 34,464 shares

Lehmkuhl purchased 750 shares for $56,317.50 at $75.09 per share, increasing his stake by 2.2% to 34,464 shares. The purchase occurs with ADC trading at $75.55 (current), down 4.9% over 30 days and 4.6% over 90 days from higher levels, though still within the 52-week range of $69.56–$82.08. Across his open-market history, Lehmkuhl's 3 prior buys averaged +0.6% return over 30 days and +12.7% over 90 days with a 100% win rate, though his same-ticker ADC history shows mixed recent results: a 2025-09-05 buy posted -3.1% in 30 days and +2.1% in 90 days, while a 2024-05-23 buy posted +4.2% in 30 days and +23.3% in 90 days. ADC's fundamentals remain solid with $200.8M in latest-quarter revenue, $62.1M net income, 16.4% annual revenue growth, and a $9.1B market cap, though the P/E of 41.28 reflects elevated valuations relative to near-term returns.

Director Rakolta buys 146 ADC shares at $75.69; stock down 6.5% since transaction, but prior buys at this ticker averaged +4.2% at 90 days.

Director John Rakolta Jr. initiated a position in Agree Realty with a purchase of 146 shares at $75.69 on 2026-04-01, bringing his holdings from 0 to 146 shares. While the stock has declined 6.5% from the transaction price (current price $76.61, which is -6.5% from 52-week high), his prior four measurable purchases at ADC showed a pattern of favorable 90-day outcomes, averaging +4.2% across those prior trades—suggesting a track record of buying at opportune moments at this specific ticker. The company's fundamentals remain solid with FY revenue growth of +16.4%, net income of $52.1M on $183.2M quarterly revenue, and a market cap of $9.2B. The timing and context of this initiation warrant observation as the stock is down from its recent highs, though the insider's historical execution at this ticker suggests potential longer-term perspective.

CFO Peter Coughenour buys 500 ADC shares at $69.80; 0% 90-day win rate on prior ADC trades and -6.3% cross-ticker avg.

Peter Coughenour, Chief Financial Officer of Agree Realty, purchased 500 shares at $69.80 on 2026-01-09, increasing his holdings by 2.8% to 18,544 shares. However, his trading history at ADC is not encouraging: his two prior open-market purchases at this ticker (on 2023-08-15 and 2023-05-26) both resulted in negative 90-day returns of -9.0% and -3.6% respectively, yielding a 0% win rate over that horizon. His cross-ticker track record shows an even weaker pattern: 2 prior buys across all holdings averaged -0.8% over 30 days and -6.3% over 90 days, with a 0.00% 90-day win rate. The stock currently trades at $71.41, off -0.5% over 30 days and -3.2% over 90 days from the purchase date, and remains -9.7% below its 52-week high of $79.12.

Executive Chairman Richard Agree buys 24,000 ADC shares at $70.67; holdings rise to 159.9K shares (+17.7%)

Richard Agree, Executive Chairman, purchased 24,000 shares at $70.67 on 2026-01-09, increasing his holdings by 17.7% to 159.9K shares. The stock currently trades at $71.38, 0.9% above the transaction price. However, his prior trades at ADC show a poor track record: of 5 prior buys at this ticker, only 1 was well-timed at the 90-day mark, with the majority showing negative 90-day returns (ranging from -6.6% to -11.1%). His broader cross-ticker buy history exhibits similar challenges, with an average 90-day return of -7.2% and a 16.67% win rate. The company shows solid fundamentals (revenue $183.2M, net income $52.1M, annual growth +14.8%), but the elevated P/E of 42.49 and the insider's pattern of poorly-timed purchases warrant attention to whether this accumulation will follow the same trajectory.

Director Rakolta buys 15,000 shares of ADC at $72.18; holds 562.6K shares post-transaction (+2.7%)

Director John Rakolta Jr. purchased 15,000 shares for $1.1M on 2025-12-24 at $72.18, increasing his holdings to 562.6K shares. At $72.56 current price, the stock is -3.5% over 30 days but +2.1% over 90 days. Rakolta's same-ticker history at ADC shows a strong timing pattern: of the 4 prior measurable ADC purchases, 3 resulted in positive 90-day returns (+7.7%, +0.9%, and +8.4%), suggesting disciplined accumulation. His cross-ticker track record shows 62.50% 90-day win rate with +3.6% average 90-day return. The company has solid fundamentals (14.8% annual revenue growth, $183.2M latest quarterly revenue, $52.1M net income) but trades at a high P/E of 43.19, which limits near-term upside catalysts visible in the filing.

Director Rakolta bought 25,154 shares of ADC at $70.41 (Oct 7); cluster pattern with 2 other insiders in 14 days; +4.8% position increase.

Director John Rakolta Jr. purchased 25,154 shares at $70.41, increasing his holdings to 553,700 shares, a +4.8% increase versus his pre-transaction level. This transaction is part of a cluster pattern, with 2 other insiders also buying ADC within the past 14 days, suggesting coordinated accumulation activity. Rakolta's same-ticker trading history at ADC shows 4 of his 5 prior buys were well-timed at the 90-day mark, with average 90-day returns of +7.9% across those trades, though his most recent buy at this ticker (June 2025) produced a 90-day return of -2.7%. The stock currently trades at $70.60, only -10.8% from its 52-week high of $79.12, and the company reports strong fundamentals with $175.5M revenue in the latest quarter, net income of $49.2M, and annual revenue growth of +14.8%, though the P/E of 42.02 reflects elevated valuation expectations.

CGO Erlich Craig buys 360 ADC shares at $70.84; stock down 3.9% in 30 days, only 1 of 5 prior same-ticker buys well-timed.

Erlich Craig, Chief Growth Officer, purchased 360 shares at $70.84 on 2025-10-03, modestly increasing holdings from 52,486 to 52,846 shares. The stock has declined 3.9% over the past 30 days and trades 11.2% below its 52-week high of $79.12, currently at $70.22. Craig's prior buy timing at this ticker shows a poor pattern: only 1 of 5 prior buys at ADC resulted in positive 90-day returns, with the most recent buy in September 2023 achieving +14.0% over 90 days while earlier August 2023 buys and a May 2026 buy each underperformed. His cross-ticker track record is similarly weak, with 6 prior open-market buys averaging -2.1% 30-day return and -3.8% 90-day return, with a 16.67% 90-day win rate. The transaction reflects modest activity in a company generating $175.5M quarterly revenue and $49.2M net income, though the elevated P/E of 41.80 suggests current valuations are extended.