X0407 4 2023-01-03 1 0000002230 ADAMS DIVERSIFIED EQUITY FUND, INC. ADX 0001267416 MCGAHRAN KATHLEEN T ADAMS FUNDS 500 EAST PRATT STREET, SUITE 1300 BALTIMORE MD 21202 1 0 0 0 0 Common Stock 2023-01-03 5 A 0 E 709 14.55 A 20789.162 I By Trust Common Stock 2023-01-05 5 A 0 E 865 14.46 A 22404.162 I By Trust Common Stock 750 D Common Stock 2603 I Held By Spouse Director Retirement Of these shares, 709 accrued as dividend equivalents on 750 deferred stock units granted in 2013 and issued on 01/03/2023 (shares received in lieu of director retainer fees). The Issuer's stock traded in a range of $14.36 - $16.07 during the period of January 1, 2023 to April 20, 2023. Kathleen T. McGahran and Myra Koutzen TTEES of the McGahran/Koutzen TR U/A DTD 06/23/2016. Of these shares, 865 accrued as dividend equivalents on 750 deferred stock units granted in 2008 and issued on 01/05/2023 (shares received in lieu of director retainer fees). The Issuer's stock traded in a range of $14.36 - $16.07 during the period of January 1, 2023 to April 20, 2023. Deferred Restricted Stock Units Myra Koutzen IRA Gail L. Valenti as Attorney-in-Fact for Kathleen T. McGahran 2023-05-01