ADP insider files Form 144 to sell 4,614 shares valued at $1.37M

Rhea-AI Filing Summary

Form 144 notice for Automatic Data Processing (ADP) reporting a proposed sale of 4,614 common shares through Fidelity Brokerage Services with an aggregate market value of $1,368,373.98. The filing lists total outstanding shares of 405,043,142 and an approximate sale date of 09/03/2025. The shares were acquired on 09/01/2025 via restricted stock vesting from the issuer and were received as compensation. The filer also disclosed two recent sales in the past three months: 1,381 shares sold on 06/13/2025 for $424,063.67 and 1,987 shares sold on 09/02/2025 for $599,358.68. The notice includes the standard signature representation that the seller is not aware of any undisclosed material adverse information.

Insights

Financial Analyst

TL;DR: Routine executive/insider sale notification; quantities are small relative to shares outstanding.

The filing is a standard Form 144 disclosure showing a proposed sale of 4,614 ADP common shares acquired through restricted stock vesting and designated as compensation. The aggregate value reported is $1,368,373.98 versus 405,043,142 shares outstanding, so the proposed sale represents an immaterial portion of the company’s equity. Recent sales (1,381 and 1,987 shares) are disclosed, consistent with periodic insider liquidity. From a financial perspective this filing is informational and does not, by itself, indicate material corporate or operational change.

Corporate Governance Expert

TL;DR: Filing follows Rule 144 and includes the required attestations; no governance red flags visible.

The form documents acquisition via restricted stock vesting and subsequent planned disposition through a broker, with the required representation about lacking undisclosed material information. The presence of recent small sales and the use of a broker are consistent with routine insider vesting and liquidity. There is no indication in the filing of a trading plan date or of any material non-public developments tied to the sale. Procedurally, the disclosure appears compliant with Rule 144 requirements based on the information provided.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	4614	1368373.98	405043142	09/03/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/01/2025	Restricted Stock Vesting	Issuer			4614	09/01/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Joseph W. Desilva One ADP Boulevard Roseland NJ 07068	Common	06/13/2025	1381	424063.67
Joseph W. Desilva One ADP Boulevard Roseland NJ 07068	Common	09/02/2025	1987	599358.68

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for ADP report?

The form reports a proposed sale of 4,614 ADP common shares through Fidelity with an aggregate market value of $1,368,373.98 and an approximate sale date of 09/03/2025.

How were the shares being sold acquired according to the filing?

The 4,614 shares were acquired on 09/01/2025 via restricted stock vesting from the issuer and the payment nature is listed as compensation.

Did the filer sell any ADP shares recently?

Yes. The filing discloses two sales in the past three months: 1,381 shares sold on 06/13/2025 for $424,063.67 and 1,987 shares sold on 09/02/2025 for $599,358.68.

What proportion of ADP’s outstanding shares does this proposed sale represent?

The filing lists 405,043,142 shares outstanding; the proposed sale of 4,614 shares is a very small fraction of that total.

Which broker is handling the proposed sale?

The broker named is Fidelity Brokerage Services LLC, address listed as 900 Salem Street, Smithfield, RI 02917.