Form 4: Agree Realty Chairman Gifts Shares, Updates Holdings

Richard Agree, Executive Chairman of Agree Realty Corp., reported a gift of 2,570 common shares, updating his beneficial ownership.

Summary

• Richard Agree, Executive Chairman of the Board and a Director of Agree Realty Corp. (ADC), reported a transaction.
• On November 18, 2025, Mr. Agree disposed of 2,570 common shares via a gift (transaction code 'G').
• The shares were disposed of at a price of $0, consistent with a gift transaction.
• Following this transaction, Mr. Agree directly beneficially owns 414,708 common shares.
• Additionally, he indirectly beneficially owns 85,512 common shares through his wife and 135,855 common shares through a trust for his children.

Sentiment

Score: 5

Explanation: This is a neutral filing reporting a routine insider transaction (a gift of shares). It does not inherently convey positive or negative sentiment about the company's operational or financial performance.

Future Outlook

This filing is a report of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing details an insider share transaction, which is a routine disclosure for publicly traded companies. It provides transparency into the holdings and activities of key executives and directors, a standard practice across all industries, including the real estate investment trust (REIT) sector where Agree Realty Corp. operates.

Stakeholder Impact

• Shareholders: Provides transparency regarding the shareholdings and transactions of a key executive, which can inform their understanding of insider activity.

Key Dates

Keywords

Agree Realty Corp, ADC, Richard Agree, Insider Transaction, Form 4, Share Gift, Beneficial Ownership, Executive Chairman