ADP insider files Form 144 to sell 23,605 restricted shares on NASDAQ

Rhea-AI Filing Summary

Automatic Data Processing (ADP) Form 144 disclosure shows a proposed sale of 23,605 common shares held by a person whose restricted stock vested on 09/01/2025. The filing lists the broker as Fidelity Brokerage Services LLC and names NASDAQ as the exchange for an approximate sale date of 09/03/2025. The aggregate market value of the shares to be sold is shown as $7,000,534.85 and the total shares outstanding are reported as 405,043,142. The table also discloses a prior sale by Maria Black of 7,721 shares on 09/02/2025 generating gross proceeds of $2,315,777.29. The securities being sold were acquired by restricted stock vesting and payment is listed as compensation. The filer attests they are not aware of undisclosed material adverse information.

Positive

• Disclosure filed under Rule 144 specifying 23,605 shares and broker details (Fidelity Brokerage Services LLC)
• Acquisition source disclosed as restricted stock vesting with payment listed as compensation
• Recent sale disclosed by Maria Black of 7,721 shares for $2,315,777.29

Negative

• Proposed insider sale of 23,605 shares with aggregate market value of $7,000,534.85 (may be viewed negatively by some investors)
• No issuer operational or financial details are provided in this filing beyond the Transaction disclosure

Insights

Securities/Compliance Analyst

TL;DR: Routine Rule 144 notice disclosing insider restricted-stock vesting and immediate proposed sale; no additional material disclosures in the filing.

The Form 144 is a procedural disclosure required when restricted or control securities are proposed for sale under Rule 144. It documents that 23,605 common shares vested on 09/01/2025 and are proposed to be sold through Fidelity on or about 09/03/2025 with an aggregate market value of $7,000,534.85. The filing also lists a recent sale of 7,721 shares on 09/02/2025 by Maria Black for $2,315,777.29. All acquisition and payment fields for the securities to be sold indicate they arose from restricted stock vesting and were compensation. The filing includes the required attestation about knowledge of undisclosed material adverse information. There are no financial statements, forward guidance, or other substantive issuer developments disclosed in this notice.

Equity Transactions Specialist

TL;DR: Transaction details are explicit—restricted shares vested and are slated for immediate sale; prior reseller activity also reported.

The document provides clear transaction-level data: quantity, acquisition date, nature of acquisition (restricted stock vesting), planned sale date, broker, exchange, and aggregate value. It also records a recent separate sale of 7,721 shares with gross proceeds of $2,315,777.29. From an execution and disclosure perspective the filing appears complete for the Rule 144 notice purpose. The filing does not include any commentary on intent beyond the statutory attestation, nor does it supply issuer-level operational or financial information.

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

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	23605	7000534.85	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			23605	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
Maria Black One ADP Boulevard Roseland NJ 07068	Common	09/02/2025	7721	2315777.29

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 ADP's Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 23,605 common shares via Fidelity on NASDAQ with an aggregate market value of $7,000,534.85, approximate sale date 09/03/2025.

How were the 23,605 shares acquired according to the Form 144?

The shares were acquired on 09/01/2025 through restricted stock vesting; payment is listed as compensation.

Did the filer report any recent sales of ADP shares in the past three months?

Yes. Maria Black sold 7,721 common shares on 09/02/2025, generating gross proceeds of $2,315,777.29.

Which broker and exchange are listed for the proposed sale?

Fidelity Brokerage Services LLC (900 Salem Street, Smithfield, RI) is the broker and NASDAQ is the named exchange.

Does the Form 144 include any statement about undisclosed material information?

Yes. The filer represents by signing that they do not know any material adverse information about the issuer that has not been publicly disclosed.