Insider Cluster (2 insiders) ·Filed May 18, 2026

ADC

AGREE REALTY CORP
NEUTRAL
Impact 3/10
Horizonweeks Processed4mo ago
Insider cluster: 2 insiders, $1.1M total
Actionable Insight • Neutral

The CEO's $1M purchase is a modest confidence signal, but the small size relative to market cap limits immediate impact. Monitor ADC's upcoming earnings and any guidance updates for further catalyst.

DirectionNeutral
Confidencemedium
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
ADC ▼ -1.86% at T+60d
NEUTRAL call ✗ call lost -1.86% · α vs SPY -6.71% · entry $75.77 → $74.36
Entry anchored
May 15, 03:59 PM ET
via exchange tick
T+1d
-0.21%
call -0.21% · α +0.44%
$75.61
settled 5mo ago
T+5d
-0.34%
call -0.34% · α -1.96%
$75.51
settled 4mo ago
T+20d
-1.37%
call -1.37% · α -2.95%
$74.73
settled 4mo ago
T+60d
-1.86%
call -1.86% · α -6.71%
$74.36
settled 7w ago

Price Chart

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Executive Summary

CEO Joey Agree purchased $1.0M of ADC stock, and Director Greg Lehmkuhl bought $56K, both in open-market transactions. The total insider buying of $1.06M is modest relative to ADC's $8.9B market cap (0.012%), but the CEO's purchase signals confidence. No other material cross-filings were detected.

Key Financial Metrics

Direction
buying
Total Value
$1.1M
Insiders
2

Key Facts

  • CEO Joey Agree bought 13,295 shares at $75.41 for $1,002,576 (open-market).
  • Director Greg Lehmkuhl bought 750 shares at $75.09 for $56,318 (open-market).
  • Lehmkuhl also received 2,159 shares via grant ($0 value).
  • Total open-market purchases: $1,058,894.
  • Insider activity is 0.012% of ADC's $8.9B market cap.

Financial Impact

Insider purchases of $1.06M are insignificant relative to ADC's market cap.

Risk Factors

  • Insider buying may be routine diversification rather than a strong signal.
  • Historical calibration suggests insider cluster signals in this segment have poor predictive performance.

Market Snapshot

Exchange
NYSE
Sector
Real Estate Investment Trusts
Analyst Consensus
63% bullish (24 analysts)

Investment Themes

Real Estate

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-ADC-1779102096907
10 reports for ADC
Performance horizon
50% Hit rate 2 of 4 directional calls best @ T+20▲ +5.37%Jun 8, 2026
Filters
Rows
Reports for ADC — sortable, filterable
TypeNow
Sep 2, 2026
29d ago
Insider Buy
BULLISH ★ 5/10
$72.73 $71.23▼ −2.06%▼ −0.91%$65.83 (−9.48%)
Aug 11, 2026
7w ago
Institutional Cluster
MIXED ★ 5/10
$74.36 $74.39▲ +0.04%▲ +0.48%$65.83 (−11.46%)
Jul 2, 2026
13w ago
8-K
NEUTRAL ★ 2/10
$77.81 $77.85▲ +0.05%▼ −0.88%$65.83 (−15.39%)
Jun 8, 2026
16w ago
Insider Buy
BULLISH ★ 5/10
$73.24 $74.47▲ +1.68%▼ −0.43%$65.83 (−10.11%)
May 18, 2026
19w ago
Insider Cluster
NEUTRAL ★ 3/10
$75.77 $75.51▼ −0.34%▼ −1.96%$65.83 (−13.11%)
May 18, 2026
19w ago
Insider Cluster
BULLISH ★ 6/10
$75.77 $75.51▼ −0.34%▼ −1.96%$65.83 (−13.11%)
May 18, 2026
19w ago
Insider Cluster
NEUTRAL ★ 3/10
$75.77 $75.51▼ −0.34%▼ −1.96%$65.83 (−13.11%)
Apr 24, 2026
22w ago
8-K
NEUTRAL ★ 4/10
$17.06 $17.05▼ −0.06%▼ −0.46%$65.83 (+285.90%)
Apr 24, 2026
22w ago
424B5
MIXED ★ 6/10
$17.06 $17.05▼ −0.06%▼ −0.46%$65.83 (+285.90%)
Apr 21, 2026
23w ago
8-K
BULLISH ★ 8/10
$17.06 $17.04▼ −0.12%▼ −0.17%$65.83 (+285.90%)
Showing 10 of 10

US Market Status

Market Open — Closes in 43m

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Report published May 18, 2026