ADP insider reports sale of 12,056 shares; $3.63M planned disposition

Rhea-AI Filing Summary

Form 144 filed for Automatic Data Processing, Inc. (ADP) reports a proposed sale of 12,056 common shares to be executed through Fidelity Brokerage Services on 09/05/2025, with an aggregate market value of $3,631,146.64. The shares were acquired on 09/01/2025 via restricted stock vesting and are identified as compensation. The filer also disclosed two recent sales in the three months prior: 11,701 shares sold on 09/03/2025 for $3,490,745.61 and 11,701 shares sold on 09/04/2025 for $3,513,662.01. The filing provides broker details (Fidelity Brokerage Services, Smithfield RI) and indicates sales on NASDAQ. Several standard filer and issuer identification fields are present but not populated in the visible content.

Insights

Securities Analyst

TL;DR Insider sold vested restricted shares recently; proposed sale is an additional controlled disposition but not shown as unusually large versus outstanding shares.

The filing shows a scheduled sale of 12,056 shares valued at $3.63M following restricted stock vesting on 09/01/2025, with two immediate prior sales of 11,701 shares on consecutive days. From a market-impact perspective, these transactions are transparent and executed through a major broker. The disclosure satisfies Rule 144 reporting for intended resale of restricted/affiliate shares. Materiality is limited by the company's large share count (405,043,142 outstanding) as presented in the filing, but clustered insider sales across successive days merit attention for trading pattern analysis.

Corporate Governance Expert

TL;DR The report documents routine disposition of vested compensation shares and contains required attestation but lacks some issuer/filer identifiers in the visible excerpt.

The filer certifies the absence of undisclosed material information when executing this notice and lists the applicable broker and exchange. The shares were acquired via Restricted Stock Vesting and paid as compensation, which is consistent with executive equity programs. The filing does not include relationship details or full filer CIK/contacts in the extracted text, so verification of insider role and complete identification requires the full Form 144 record. Governance implications are moderate: public disclosure is timely, but repetitive sales in a short window can raise stakeholder questions.

09/05/2025 - 10:02 AM

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	12056	3631146.64	405043142	09/05/2025	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			12056	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
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

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)