ADP (ADP) insider disposals — 21,950 shares planned; recent sales disclosed

Rhea-AI Filing Summary

Form 144 filed for Automatic Data Processing (ADP) reports proposed and recent insider sales of common stock. The filing shows a proposed sale of 21,950 shares through Fidelity Brokerage Services with an aggregate market value of $6,430,440.84 and an approximate sale date of 09/10/2025 on NASDAQ. The securities to be sold were acquired as an option granted on 09/01/2021 and are to be paid for in cash. The filing also discloses four recent sales by Carlos A. Rodriguez totaling 57,408 shares executed between 09/03/2025 and 09/09/2025 with gross proceeds reported for each sale. The document provides standard Rule 144 representations and signature/attestation language.

Insights

Securities Analyst

TL;DR: Insider sales disclosed; sizes are small relative to ADP's outstanding shares and appear routine.

The filing documents a proposed sale of 21,950 shares valued at $6.43 million and four recent insider transactions totaling 57,408 shares. The shares to be sold were acquired via an option grant dated 09/01/2021 and will be sold for cash through Fidelity Brokerage. Compared with the issuer's reported outstanding shares (405,043,142), the disclosed transactions represent an immaterial fraction of the float. The filing contains the standard attestation under Rule 144 and notes no undisclosed material nonpublic information.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 requirements; transactions appear procedural rather than signaling corporate change.

The notice includes required acquisition details, broker information, and dates consistent with compliance reporting for insider sales. The seller identified is Carlos A. Rodriguez and the sales list exact amounts and gross proceeds for each trade between 09/03/2025 and 09/09/2025. There is a representation that the signer is unaware of undisclosed material adverse information. No departures, new plans, or governance changes are disclosed in this form.

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	21950	6430440.84	405043142	09/10/2025	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	09/10/2025	Option Granted - 09/01/2021	Issuer			21950	09/10/2025	Cash

* 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
Carlos A. Rodriguez One ADP Boulevard Roseland NJ 07068	Common	09/03/2025	11701	3490745.61
Carlos A. Rodriguez One ADP Boulevard Roseland NJ 07068	Common	09/04/2025	11701	3513662.01
Carlos A. Rodriguez One ADP Boulevard Roseland NJ 07068	Common	09/05/2025	12056	3582032.71
Carlos A. Rodriguez One ADP Boulevard Roseland NJ 07068	Common	09/09/2025	21950	6522113.25

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 insider transactions does the ADP (ADP) Form 144 disclose?

The filing discloses a proposed sale of 21,950 common shares (approximate value $6,430,440.84) on 09/10/2025 and four recent sales by Carlos A. Rodriguez totaling 57,408 shares executed between 09/03/2025 and 09/09/2025.

Who is the reported seller in the recent ADP Form 144 transactions?

The recent sales are reported as made by Carlos A. Rodriguez, with the proposed sale to be handled through Fidelity Brokerage Services LLC.

How were the shares being sold acquired according to the Form 144?

The shares to be sold were acquired via an option granted on 09/01/2021, and the planned sale indicates cash as the nature of payment.

On which exchange and what approximate issuer size are noted in the Form 144?

The proposed sale lists NASDAQ as the exchange and indicates 405,043,142 shares outstanding for the issuer.

What proceeds were reported for the recent insider sales listed?

Gross proceeds reported for the four recent sales are $3,490,745.61, $3,513,662.01, $3,582,032.71, and $6,522,113.25 respectively.