Form 4 for ADC AGREE REALTY CORP

Accepted 2026-02-25 00:00:00 ET · period of report 2026-02-23 · accession 0001879562-26-000002 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2026-02-25	2026-02-23	ADC	Witteveen Nicole	COO	F - Tax	$79.32	-3,146	23.6K	-12%	-$249.5K
M	2026-02-25	2026-02-23	ADC	Witteveen Nicole	COO	A - Grant	$0.00	+11.0K	26.7K	+70%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Shares	2026-02-23	F	D	3,146	$79.32	23,567	D	—	—	(F3) Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 7,041 common shares.
2	Common	Common Shares	2026-02-23	A	A	8,510	$0.00	24,211	D	—	—	(F1) Represents the issuance of restricted common shares to the reporting person by the Issuer's Compensation Committee of the Board of Directors. 2,837, 2,837, and 2,836 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on February 23, 2027, February 23, 2028, and February 23, 2029, respectively.
3	Common	Common Shares	2026-02-23	A	A	2,502	$0.00	26,713	D	—	—	(F2) Represents the issuance of restricted common shares to the reporting person by the Issuer's Compensation Committee of the Board of Directors upon vesting of the performance units that were granted on February 23, 2023, under the Issuer's 2020 Omnibus Incentive Plan. These restricted common shares vested immediately on February 23, 2026.