Initiate or accumulate a long position. Director Rakolta's $2.20M conviction buy at a weighted average price of ~$73 is a strong insider confidence signal, especially given the prior cluster's +6.80% T+20 return. Monitor for additional C-suite open-market purchases. If the stock dips below $72, use it as a tactical entry point. Stop-loss at $68 (-7%).
Price Chart
Executive Summary
Director John Rakolta Jr. purchased $2.20M of ADC shares on the open market over three days, with the largest single purchase ($1.46M) at $73.23. This is a conviction buy from a board member, totaling $2.20M or approximately 0.024% of the $9.0B market cap, which is modest in proportion but notable in absolute dollar terms and consistent with the recent insider cluster signal that generated a +6.80% T+20 return. The filing is a standalone bullish signal per Cohen/Malloy/Pomorski 2012, amplified by the proximity to the cluster event and the historical win rate of 57% with positive T+20 alpha.
Key Financial Metrics
Key Facts
- Director John Rakolta Jr. purchased 20,000 shares at $73.23 ($1.46M) on 2026-08-27
- Additional purchases: 136 shares at $73.52 ($10K) on 2026-08-28, and 10,000 shares at $72.42 ($724K) on 2026-08-31
- Total open-market purchase value: $2.20M
- Total represents ~0.024% of ADC's $9.0B market cap
- Filing is a single director's conviction buy, not a 10b5-1 plan
- Past cluster signal on ADC (2026-06-08) delivered +6.80% T+20 alpha
Financial Impact
$2.20M open-market purchase by Director Rakolta
Risk Factors
- Director buys are 2x weaker than CEO/CFO buys per Cohen/Malloy/Pomorski
- Dollar amount is only 0.024% of market cap — must be sustained by broader insider cluster to be fully validated
- REIT preferred-stock dynamics: limited earnings upside vs. common stock
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001528153-26-000013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 29d ago | Insider Buy | $72.73 $71.23 | ▼ −2.06% | ▼ −0.91% | $65.83 (−9.48%) |
Aug 11, 2026 7w ago | Institutional Cluster | $74.36 $74.39 | ▲ +0.04% | ▲ +0.48% | $65.83 (−11.46%) |
Jul 2, 2026 13w ago | 8-K | $77.81 $77.85 | ▲ +0.05% | ▼ −0.88% | $65.83 (−15.39%) |
Jun 8, 2026 16w ago | Insider Buy | $73.24 $74.47 | ▲ +1.68% | ▼ −0.43% | $65.83 (−10.11%) |
May 18, 2026 19w ago | Insider Cluster | $75.77 $75.51 | ▼ −0.34% | ▼ −1.96% | $65.83 (−13.11%) |
May 18, 2026 19w ago | Insider Cluster | $75.77 $75.51 | ▼ −0.34% | ▼ −1.96% | $65.83 (−13.11%) |
May 18, 2026 19w ago | Insider Cluster | $75.77 $75.51 | ▼ −0.34% | ▼ −1.96% | $65.83 (−13.11%) |
Apr 24, 2026 22w ago | 8-K | $17.06 $17.05 | ▼ −0.06% | ▼ −0.46% | $65.83 (+285.90%) |
Apr 24, 2026 22w ago | 424B5 | $17.06 $17.05 | ▼ −0.06% | ▼ −0.46% | $65.83 (+285.90%) |
Apr 21, 2026 23w ago | 8-K | $17.06 $17.04 | ▼ −0.12% | ▼ −0.17% | $65.83 (+285.90%) |
US Market Status
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