Automatic Data Processing Files Rule 144 Notice for 8,728 Shares
Rhea-AI Filing Summary
Automatic Data Processing (ADP) filed a Form 144 reporting a proposed sale under Rule 144 of 8,728 shares of common stock through Fidelity Brokerage Services LLC on or about 09/09/2025. The shares were acquired on 09/01/2025 by restricted stock vesting from the issuer and paid as compensation. The filing lists an aggregate market value of $2,604,697.04 and shows 405,043,142 shares outstanding. No securities were reported sold in the past three months. The filer certifies they are not aware of undisclosed material adverse information.
Positive
- Compliant disclosure filed under Rule 144 with broker and sale date specified
- Securities acquired via restricted stock vesting and paid as compensation, which is disclosed
- No sales reported in the prior three months, indicating this is a single reported transaction
Negative
- Filer identity and relationship to the issuer are not specified in the form content provided
- Plan adoption or 10b5-1 instruction date is not indicated, so reliance on a trading plan is unclear
Insights
TL;DR: Routine insider sale of vested restricted stock; small absolute share count, disclosed under Rule 144.
The filing documents a planned sale of 8,728 common shares acquired via restricted stock vesting and paid as compensation. The use of Rule 144 indicates the seller is complying with resale limitations for restricted or control securities. The aggregate market value reported is $2,604,697.04 and the sale is to occur through Fidelity Brokerage Services on or about 09/09/2025. No prior sales in the past three months are reported, which supports this being a discrete transaction rather than an ongoing liquidation.
TL;DR: Disclosure aligns with compliance expectations; signer attests no undisclosed material information.
The notice includes the required representations, including the signature attesting absence of undisclosed material adverse information and details on acquisition (restricted stock vesting) and consideration (compensation). The filing identifies the executing broker and an approximate sale date, meeting Rule 144 disclosure norms. The document does not provide the identity or role of the selling person nor any trading plan date, so governance context about insider status or trading intent is not specified.