Agree Realty Corp (ADC) Insider Trading

Cluster buy

3 insiders bought $4.14M of their own stock in 25 days.

Open-market purchases by executives and directors between Aug 28 and Sep 21. Buying is rarer than selling and says more, but it is one input, not a verdict.

Net open-market

+$9.87M

13 buys · 0 sales

Under a 10b5-1 plan

—

no sales

Insiders who bought / sold

6 / 0

executives and directors

Last open-market buy

Sep 2026

Sep 21, 2026

Get an email when ADC's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Sep 21	Craig Erlich CHIEF GROWTH OFFICER	Bought	1,000	$67.55	$68k	1.6%	Form 4
Sep 16	John Rakolta Jr Director	Bought	20,000	$68.78	$1.38M	3.2%	Form 4
Sep 16	Joey Agree PRESIDENT & CEO	Bought	7,360	$68.06	$501k	1.1%	Form 4
Aug 31	John Rakolta Jr Director	Bought	10,000	$72.42	$724k	1.6%	Form 4
Aug 27 – 28	John Rakolta Jr Director	Bought 2 parts	20,136	$73.23 average	$1.47M	3.3%	Form 4
Jun 4	Richard Agree EXECUTIVE CHAIRMAN OF BOARD	Bought	5,000	$71.41	$357k	0.8%	Form 4
May 15	John Rakolta Jr Director	Bought	20,000	$74.57	$1.49M	3.5%	Form 4
May 14	Greg Lehmkuhl Director	Bought	750	$75.09	$56k	2.2%	Form 4
May 14	Joey Agree PRESIDENT & CEO	Bought	13,295	$75.41	$1M	2.0%	Form 4
Apr 1	John Rakolta Jr Director	Bought	146	$75.69	$11k	<0.1%	Form 4
Jan 9	Peter Coughenour CHIEF FINANCIAL OFFICER	Bought	500	$69.80	$35k	2.8%	Form 4
Jan 9	Richard Agree EXECUTIVE CHAIRMAN OF BOARD	Bought	24,000	$70.67	$1.7M	3.8%	Form 4
Dec 24, 2025	John Rakolta Jr Director	Bought	15,000	$72.18	$1.08M	2.7%	Form 4
Oct 7, 2025	John Rakolta Jr Director	Bought	25,154	$70.41	$1.77M	4.8%	Form 4
Oct 3, 2025	Craig Erlich CHIEF GROWTH OFFICER	Bought	360	$70.85	$26k	0.6%	Form 4
Oct 2, 2025	Joey Agree PRESIDENT & CEO	Bought	3,528	$70.63	$249k	0.6%	Form 4
Sep 5, 2025	Greg Lehmkuhl Director	Bought	750	$72.84	$55k	2.8%	Form 4
Aug 14, 2025	Joey Agree PRESIDENT & CEO	Bought	2,100	$72.08	$151k	0.3%	Form 4
Aug 13, 2025	Joey Agree PRESIDENT & CEO	Bought 2 parts	4,850	$72.15 average	$350k	0.8%	Form 4
Jun 11, 2025	John Rakolta Jr Director	Bought	10,000	$74.34	$743k	2.0%	Form 4
Apr 8, 2025	John Rakolta Jr Director	Bought	28,080	$71.30	$2M	5.9%	Form 4
Dec 20, 2024 – Dec 23, 2024	John Rakolta Jr Director	Bought 2 parts	30,275	$70.24 average	$2.13M	6.9%	Form 4

Sep 21
Craig Erlich
CHIEF GROWTH OFFICER · bought 1,000 at $67.55
$68k
1.6% of stake
Sep 16
John Rakolta Jr
Director · bought 20,000 at $68.78
$1.38M
3.2% of stake
Sep 16
Joey Agree
PRESIDENT & CEO · bought 7,360 at $68.06
$501k
1.1% of stake
Aug 31
John Rakolta Jr
Director · bought 10,000 at $72.42
$724k
1.6% of stake
Aug 27 – 28
John Rakolta Jr
Director · bought 20,136 at avg $73.23
$1.47M
3.3% of stake
Jun 4
Richard Agree
EXECUTIVE CHAIRMAN OF BOARD · bought 5,000 at $71.41
$357k
0.8% of stake
May 15
John Rakolta Jr
Director · bought 20,000 at $74.57
$1.49M
3.5% of stake
May 14
Greg Lehmkuhl
Director · bought 750 at $75.09
$56k
2.2% of stake
May 14
Joey Agree
PRESIDENT & CEO · bought 13,295 at $75.41
$1M
2.0% of stake
Apr 1
John Rakolta Jr
Director · bought 146 at $75.69
$11k
<0.1% of stake
Jan 9
Peter Coughenour
CHIEF FINANCIAL OFFICER · bought 500 at $69.80
$35k
2.8% of stake
Jan 9
Richard Agree
EXECUTIVE CHAIRMAN OF BOARD · bought 24,000 at $70.67
$1.7M
3.8% of stake
Dec 24, 2025
John Rakolta Jr
Director · bought 15,000 at $72.18
$1.08M
2.7% of stake
Oct 7, 2025
John Rakolta Jr
Director · bought 25,154 at $70.41
$1.77M
4.8% of stake
Oct 3, 2025
Craig Erlich
CHIEF GROWTH OFFICER · bought 360 at $70.85
$26k
0.6% of stake
Oct 2, 2025
Joey Agree
PRESIDENT & CEO · bought 3,528 at $70.63
$249k
0.6% of stake
Sep 5, 2025
Greg Lehmkuhl
Director · bought 750 at $72.84
$55k
2.8% of stake
Aug 14, 2025
Joey Agree
PRESIDENT & CEO · bought 2,100 at $72.08
$151k
0.3% of stake
Aug 13, 2025
Joey Agree
PRESIDENT & CEO · bought 4,850 at avg $72.15
$350k
0.8% of stake
Jun 11, 2025
John Rakolta Jr
Director · bought 10,000 at $74.34
$743k
2.0% of stake
Apr 8, 2025
John Rakolta Jr
Director · bought 28,080 at $71.30
$2M
5.9% of stake
Dec 20, 2024 – Dec 23, 2024
John Rakolta Jr
Director · bought 30,275 at avg $70.24
$2.13M
6.9% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch ADC, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Spot a number that looks wrong? Check it in ADC's SEC filings or

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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