Agree Realty ADC Insider Ownership

NYSE ADC

$67.11 +1.29 (+1.95%)

As of: Oct 20, 2026 · 3:59 PM EDT

Insider Holdings by Owner

2.17Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

1.82%

▲+0.054% pp QoQ

Shares Held by Insiders

2.27Mn

filed for Sep 2026

▲+3.04% QoQ

Shares Outstanding

124.38Mn

124,381,214 shares

Direct Holdings

2.02Mn

Indirect: 250.58K

Net Shares Traded (QoQ)

+66.87K

net buying in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 10, 2026

In the last 12 months, insiders at Agree Realty made open-market purchases of $9.87 million (137.19K shares) and sold no shares on the open market.

By number of insiders, Agree Realty saw 6 insiders buy on the open market over the past 12 months and none sell.
Among ADC insiders, John Rakolta Jr. (Director) bought the most stock on the open market in the past 12 months: $6.16 million (85.28K shares), most recently on September 16, 2026.
Craig Erlich (Chief Growth Officer) made the most recent open-market trade by an insider of Agree Realty, a purchase of 1K shares for $67,550 on September 21, 2026.
Away from the open market, ADC insiders received 122.51K shares in stock awards, gave up 69.98K shares to cover taxes or exercise prices and gave away 14.62K shares as gifts over the last 12 months.
Per Business Quant data, Agree Realty insiders hold 2.27Mn shares in total based on their latest Form 4 filings, or 1.82% of the 124.38Mn shares outstanding; that total is up 3.04% from 2.2Mn shares at the end of Q2 2026 and up 13.07% from 2.01Mn shares at the end of Q3 2025.
Indirect holdings, through trusts, partnerships, family members and other entities, make up 11.05% (250.57K shares) of Agree Realty's insider total, with the other 88.95% (2.02Mn shares) held directly.
Holdings in Agree Realty stock are reported by 15 insiders, the officers, directors and 10% owners who have filed a Form 4 in the past two years.
Agree Realty's three largest insider shareholders, based on their latest Form 4 filings, are Joey Agree (President & CEO, 686.43K shares), Richard Agree (Executive Chairman of Board, 668.57K shares) and John Rakolta Jr. (Director, 654.75K shares).
Of the shares held by ADC insiders, 30.27% belong to Joey Agree.
A total of 32 Form 4 filings with transactions in Agree Realty stock were made over the past 12 months, by 15 insiders.
This summary of Agree Realty insider activity covers Form 4 filings through September 23, 2026.

Form 4 Holdings

Insiders Holding ADC

Insiders 16

Shares held 2.17Mn

Of outstanding 1.75%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	John Jr Rakolta	Director	1,132,723	0	1,132,723	52.1%	17 Sep, 2026
2	Joey Agree	President Ceo	682,465	0	682,465	31.4%	17 Sep, 2026
3	Richard Agree	Executive Chairman Of Board	0	90,512	90,512	4.2%	08 Jun, 2026
4	Craig Erlich	Chief Growth Officer	65,286	0	65,286	3.0%	23 Sep, 2026
5	Greg Lehmkuhl	Director	34,465	0	34,465	1.6%	18 May, 2026
6	Peter Coughenour	Chief Financial Officer	26,656	0	26,656	1.2%	25 Feb, 2026
7	Danielle M Spehar	General Counsel	25,785	0	25,785	1.2%	25 Feb, 2026
8	Nicole Witteveen	Chief Operating Officer	23,274	0	23,274	1.1%	21 Aug, 2026
9	Karen Dearing	Director	15,616	0	15,616	0.7%	18 May, 2026
10	Michael Judlowe	Director	15,317	0	15,317	0.7%	18 May, 2026
11	Stephen Breslin	Chief Accounting Officer	13,061	0	13,061	0.6%	25 Feb, 2026
12	Jerome R Rossi	Director	12,351	0	12,351	0.6%	18 May, 2026
13	Merrie S. Frankel	Director	11,099	0	11,099	0.5%	18 May, 2026
14	Michael Hollman	Director	10,337	0	10,337	0.5%	18 May, 2026
15	Linglong He	Director	9,668	0	9,668	0.4%	18 May, 2026
16	David A. Wolff	Chief Accounting Officer	4,405	0	4,405	0.2%	25 Feb, 2022

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

536 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
21 Sep, 2026	Craig Erlich	Chief Growth Officer	Acquired P	1,000	$67.55	$67.55K	60,388	Direct
16 Sep, 2026	John Jr Rakolta	Director	Acquired P	20,000	$68.78	$1.38Mn	654,602	Direct
16 Sep, 2026	Joey Agree	President Ceo	Acquired P	7,360	$68.06	$500.92K	682,465	Direct
31 Aug, 2026	John Jr Rakolta	Director	Acquired P	10,000	$72.42	$724.20K	632,197	Direct
27 Aug, 2026	John Jr Rakolta	Director	Acquired P	20,000	$73.23	$1.46Mn	622,061	Direct
28 Aug, 2026	John Jr Rakolta	Director	Acquired P	136	$73.52	$10.00K	622,197	Direct
19 Aug, 2026	Nicole Witteveen	Chief Operating Officer	Disposed F	293	$74.39	$21.80K	23,274	Direct
04 Jun, 2026	Richard Agree	Executive Chairman Of Board	Acquired P	5,000	$71.41	$357.05K	90,512	Indirect
15 May, 2026	John Jr Rakolta	Director	Acquired P	20,000	$74.57	$1.49Mn	595,798	Direct
14 May, 2026	Merrie S. Frankel	Director	Acquired A	432	$0.00	$0	11,099	Direct
14 May, 2026	Michael Hollman	Director	Acquired A	2,159	$0.00	$0	10,337	Direct
14 May, 2026	Joey Agree	President Ceo	Acquired P	13,295	$75.41	$1.00Mn	675,105	Direct
14 May, 2026	Linglong He	Director	Acquired A	2,159	$0.00	$0	8,340	Direct
14 May, 2026	Karen Dearing	Director	Acquired A	2,159	$0.00	$0	15,616	Direct
14 May, 2026	John Jr Rakolta	Director	Acquired A	2,159	$0.00	$0	572,466	Direct
14 May, 2026	Jerome R Rossi	Director	Acquired A	2,159	$0.00	$0	12,351	Direct
14 May, 2026	Michael Judlowe	Director	Acquired A	2,159	$0.00	$0	13,989	Direct
14 May, 2026	Greg Lehmkuhl	Director	Acquired A	2,159	$0.00	$0	31,556	Direct
14 May, 2026	Greg Lehmkuhl	Director	Acquired A	2,159	$75.28	$162.53K	33,715	Direct
14 May, 2026	John Jr Rakolta	Director	Acquired A	1,328	$75.28	$99.97K	573,794	Direct

Showing 1 to 20 of 536 transactions