Stock Trading Canary

United States · SEC Form 4 · Snapshot date: 2026-10-18 · Built: 2026-10-18 · 中文

← United States · Coverage record

US · SEC FORM 4

AGREE REALTY CORP

ADC · NYSE · CIK 0000917251 · Real Estate · REIT—Retail

INSIDER SIGNAL

86.8 / 100

5 buyers · 10 purchase transaction lines · $7.1M gross purchase

WHY THIS SIGNAL?

Buyer breadthStrong
Purchase sizeStrong
RoleModerate
RecencyModerate
ConvictionStrong
Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+35.0 / 35
Purchase size+22.4 / 25
Role+13.0 / 20
Recency+6.4 / 10
Conviction+10.0 / 10

What is holding the score back?

  • ⚠ Role scores low · most senior buyer: EXECUTIVE CHAIRMAN OF BOARD (CEO, chair and 10% owners score lowest)
  • ✓ Cluster breadth is broad · 4+ insiders

Purchase-size comments are relative to the model scale. Average daily volume is a separate market-context diagnostic.

US-v1.2 ranks qualifying equity purchases under the current 180-day rules. The score is a research priority, not a return forecast or probability. Backtests have not shown that a higher US score is followed by better returns.

Insider activity timeline

Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.

AprMayJunJulAugSepOct
RAKOLTA JOHN JRDirector
○●●●●●
Lehmkuhl GregDirector
○●
Agree JoeyPRESIDENT & CEO
●●
Erlich CraigCHIEF GROWTH OFFICER
○●
AGREE RICHARDEXECUTIVE CHAIRMAN OF BOARD
●
Frankel Merrie S.Director
○
● Purchase▼ Sale○ Other

Showing the six most active owners; 6 additional owner(s) remain in Form 4 evidence.

Purchase breadth & concentration

QUALIFYING BUYERS5
PURCHASE CONCENTRATION72%Largest buyer: RAKOLTA JOHN JR · $5.1M
CLUSTER BUYING · 15D3 insidersPeak activity: 2026-05-14–2026-05-15

Roles in the peak window: Director, PRESIDENT & CEO. Concentration uses priced qualifying P lines only and does not change the saved score.

SIGNAL HISTORY

86.8 / 100

Latest recorded score

↓ -0.2 ptsversus the previous recorded snapshot
  1. 87.4
  2. 87.3
  3. 87.2
  4. 87.0
  5. 86.8

Only scores saved when a full US scoring run completed are shown; gaps are not reconstructed.

Recent Form 4 activity

14Purchases
0Sales
37Other Form 4 lines
32SEC filings · 365 days
BUYING10 qualifying P line(s) · 180 days
SELLING0 sale line(s) · context only
OTHER14 exercise / withholding / award / gift / other lines
10b5-1 / PLANNEDNot assessed

P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.

Market context

Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.

Price performance

1M
-10.5%
3M
-16.3%
6M
-15.1%
12M
-7.2%

Volatility & liquidity

Volatility
17.2%
Beta
0.46
Avg daily value
USD 93.9M

Valuation

Market cap
USD 8.2B
P/E
35.4×

Fundamentals

Profit margin
28.4%
ROE
3.3%
Industry
REIT—Retail

Market data

Price data up to: 2026-10-07 · Price source: OpenBB/yfinance · From SEC filings: Profit margin, ROE · Fiscal year ended: 2025-12-31 · From Yahoo Finance: Market cap, P/E · Status: PASS

Short interest

Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.

Shares short
7,750,475
Previous report
6,771,227
Avg daily volume
1,774,085
Days to cover
4.4

FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.

Historical equity purchases

Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.

Transaction dateReporting ownerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-21Erlich CraigPurchase (P)Common Shares1,000USD 67.55USD 67,550SEC filing ↗
2026-09-16RAKOLTA JOHN JRPurchase (P)Common Shares20,000USD 68.78USD 1,375,600SEC filing ↗
2026-09-16Agree JoeyPurchase (P)Common Shares7,360USD 68.06USD 500,922SEC filing ↗
2026-08-31RAKOLTA JOHN JRPurchase (P)Common Shares10,000USD 72.42USD 724,200SEC filing ↗
2026-08-28RAKOLTA JOHN JRPurchase (P)Common Shares136USD 73.52USD 9,999SEC filing ↗
2026-08-27RAKOLTA JOHN JRPurchase (P)Common Shares20,000USD 73.23USD 1,464,600SEC filing ↗
2026-06-04AGREE RICHARDPurchase (P)Common Shares5,000USD 71.41USD 357,050SEC filing ↗
2026-05-15RAKOLTA JOHN JRPurchase (P)Common Shares20,000USD 74.57USD 1,491,400SEC filing ↗
2026-05-14Lehmkuhl GregPurchase (P)Common Shares750USD 75.09USD 56,318SEC filing ↗
2026-05-14Agree JoeyPurchase (P)Common Shares13,295USD 75.41USD 1,002,576SEC filing ↗
2026-04-01RAKOLTA JOHN JRPurchase (P)Common Shares146USD 75.69USD 11,051SEC filing ↗
2026-01-09Coughenour PeterPurchase (P)Common Shares500USD 69.80USD 34,900SEC filing ↗
2026-01-09AGREE RICHARDPurchase (P)Common Shares24,000USD 70.67USD 1,696,080SEC filing ↗
2025-12-24RAKOLTA JOHN JRPurchase (P)Common Shares15,000USD 72.18USD 1,082,700SEC filing ↗
2025-10-07RAKOLTA JOHN JRPurchase (P)Common Shares25,154USD 70.41USD 1,771,093SEC filing ↗

Form 4 evidence

51 transaction lines in the latest 365-day window; 316 in local history.

DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-21Erlich CraigPurchase (P)Common Shares1,000USD 67.55USD 67,550SEC filing ↗
2026-09-16RAKOLTA JOHN JRPurchase (P)Common Shares20,000USD 68.78USD 1,375,600SEC filing ↗
2026-09-16Agree JoeyPurchase (P)Common Shares7,360USD 68.06USD 500,922SEC filing ↗
Show recent Form 4 evidence (30 grouped rows)
DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-21Erlich CraigPurchase (P)Common Shares1,000USD 67.55USD 67,550SEC filing ↗
2026-09-16RAKOLTA JOHN JRPurchase (P)Common Shares20,000USD 68.78USD 1,375,600SEC filing ↗
2026-09-16Agree JoeyPurchase (P)Common Shares7,360USD 68.06USD 500,922SEC filing ↗
2026-08-31RAKOLTA JOHN JRPurchase (P)Common Shares10,000USD 72.42USD 724,200SEC filing ↗
2026-08-28RAKOLTA JOHN JRPurchase (P)Common Shares136USD 73.52USD 9,999SEC filing ↗
2026-08-27RAKOLTA JOHN JRPurchase (P)Common Shares20,000USD 73.23USD 1,464,600SEC filing ↗
2026-08-19Witteveen NicoleTax withholding (F)Common Shares293USD 74.39USD 21,796SEC filing ↗
2026-06-04AGREE RICHARDPurchase (P)Common Shares5,000USD 71.41USD 357,050SEC filing ↗
2026-05-15RAKOLTA JOHN JRPurchase (P)Common Shares20,000USD 74.57USD 1,491,400SEC filing ↗
2026-05-14Rossi Jerome RAward / grant (A)Common Shares2,159USD 0.00USD 0SEC filing ↗
2026-05-14RAKOLTA JOHN JRAward / grant (A)Common Shares3,487USD 28.67USD 99,972SEC filing ↗
2026-05-14Lehmkuhl GregPurchase (P)Common Shares750USD 75.09USD 56,318SEC filing ↗
2026-05-14Lehmkuhl GregAward / grant (A)Common Shares4,318USD 37.64USD 162,530SEC filing ↗
2026-05-14Judlowe MichaelAward / grant (A)Common Shares3,487USD 28.67USD 99,972SEC filing ↗
2026-05-14Hollman MichaelAward / grant (A)Common Shares2,159USD 0.00USD 0SEC filing ↗
2026-05-14He LinglongAward / grant (A)Common Shares3,487USD 28.67USD 99,972SEC filing ↗
2026-05-14Frankel Merrie S.Award / grant (A)Common Shares432USD 0.00USD 0SEC filing ↗
2026-05-14Dearing KarenAward / grant (A)Common Shares2,159USD 0.00USD 0SEC filing ↗
2026-05-14Agree JoeyPurchase (P)Common Shares13,295USD 75.41USD 1,002,576SEC filing ↗
2026-05-06Erlich CraigGift (G)Common Shares500USD 0.00USD 0SEC filing ↗
2026-04-01RAKOLTA JOHN JRPurchase (P)Common Shares146USD 75.69USD 11,051SEC filing ↗
2026-02-23Witteveen NicoleTax withholding (F)Common Shares3,146USD 79.32USD 249,541SEC filing ↗
2026-02-23Witteveen NicoleAward / grant (A)Common Shares11,012USD 0.00USD 0SEC filing ↗
2026-02-23Spehar Danielle MTax withholding (F)Common Shares5,706USD 79.32USD 452,600SEC filing ↗
2026-02-23Spehar Danielle MAward / grant (A)Common Shares10,543USD 0.00USD 0SEC filing ↗
2026-02-23Erlich CraigTax withholding (F)Common Shares8,636USD 79.32USD 685,008SEC filing ↗
2026-02-23Erlich CraigAward / grant (A)Common Shares15,678USD 0.00USD 0SEC filing ↗
2026-02-23Coughenour PeterTax withholding (F)Common Shares4,401USD 79.32USD 349,087SEC filing ↗
2026-02-23Coughenour PeterAward / grant (A)Common Shares12,513USD 0.00USD 0SEC filing ↗
2026-02-23Breslin StephenTax withholding (F)Common Shares1,475USD 79.32USD 116,997SEC filing ↗

Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.

Snapshot & identity

Snapshot date2026-10-18
Ranking versionUS-v1.2
Data qualityPASS ELIGIBLE · —
TickerADC
CIK0000917251
SectorReal Estate
IndustryREIT—Retail Yahoo Finance
SEC SIC6798 Real Estate Investment Trusts
ExchangeNYSE

Data coverage

Local Form 4 history316 transaction lines from 2020-01-21 to 2026-09-21
109 P purchase lines · 1 S sale lines · 206 other lines
SEC company submissionsOpen SEC filings ↗

Local ledger as of 2026-10-18. Mapping status is an audit field and does not erase SEC filing evidence.