ADP holder plans Rule 144 sale of $433K stock
ADP plans to sell David P. Foskett’s 1,529 shares under Rule 144, valued about $432,707, with an anticipated NASDAQ sale around Sept. 2, 2026.
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) is the issuer for a planned sale of company common stock under Rule 144 by David P. Foskett. The notice covers 1,529 shares of common stock held at Fidelity Brokerage Services LLC, with an aggregate market value of $432,707, and references 397,262,737 shares outstanding. The shares were acquired from the issuer on September 1, 2026 through Restricted Stock Vesting as compensation, with an anticipated sale around September 2, 2026 on NASDAQ.
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Key Figures
Shares to be sold: 1,529 shares
Aggregate market value of shares to be sold: $432,707
Shares outstanding: 397,262,737 shares
+2 more
5 metrics
Shares to be sold
1,529 shares
Common stock covered by the Rule 144 notice for David P. Foskett
Aggregate market value of shares to be sold
$432,707
Value of 1,529 ADP common shares listed in the securities information
Shares outstanding
397,262,737 shares
ADP common shares outstanding referenced in the Rule 144 notice
Approximate sale date
September 2, 2026
Date listed for the planned NASDAQ sale of the shares
Acquisition date of shares
September 1, 2026
Date the shares were acquired through Restricted Stock Vesting as compensation
Key Terms
Rule 144, Restricted Stock Vesting, aggregate market value, attorney-in-fact
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Common | 09/01/2026 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
aggregate market value financial
"Common | Fidelity Brokerage Services LLC ... | 1529 | 432707.00 |"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
attorney-in-fact regulatory
"as attorney-in-fact for David P. Foskett"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing involving ADP common stock disclose?
It discloses a planned Rule 144 sale related to Automatic Data Processing Inc. (ADP) common stock, covering 1,529 shares held for David P. Foskett, acquired via Restricted Stock Vesting as compensation on September 1, 2026, with an anticipated NASDAQ sale around September 2, 2026.
Who is acting for the selling holder in the ADP Form 144 filing?
The notice is signed by Jennifer Ruchti as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for David P. Foskett.
AI-generated analysis. How Rhea-AI works. Not financial advice.