ADC AGREE REALTY CORP Insider Trading

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.

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.

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.