Automatic Data Processing insider vesting and Form 144 sale reported

Rhea-AI Filing Summary

Form 144 filed for Automatic Data Processing, Inc. (ADP) reports a proposed sale of 11,701 common shares on NASDAQ with an aggregate market value of $3,513,662.01 and 405,043,142 shares outstanding. The securities were acquired by restricted stock vesting on 09/01/2025 and are described as compensation.

The filer lists a related recent sale by Carlos A. Rodriguez of 11,701 shares on 09/03/2025 for gross proceeds of $3,490,745.61. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider sale reported; size is small relative to shares outstanding and appears routine.

The filing documents a proposed disposition of 11,701 ADP common shares with an aggregate market value of $3,513,662.01. Acquisition was via restricted stock vesting dated 09/01/2025 and tied to compensation, indicating the shares originated from an equity award rather than an open-market purchase. Given the issuer's outstanding share count of 405,043,142, the trade represents a de minimis percentage of total equity and is unlikely to be material to ADP's capitalization or near-term market valuation. The filer’s certification about public information is standard for Rule 144 notices.

Corporate Governance Expert

TL;DR: Transaction reflects routine insider vesting and sale; governance disclosure requirements appear satisfied.

The record shows the securities were acquired by restricted stock vesting and the planned sale is being reported on Form 144 as required under Rule 144. A contemporaneous sale by Carlos A. Rodriguez of the same number of shares is disclosed with gross proceeds reported. The form includes the attestation regarding knowledge of undisclosed material information, which is a necessary compliance element. There is no indication in this notice of unusual governance or compliance concerns.

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	11701	3513662.01	405043142	09/04/2025	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			11701	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

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 shares of ADP are being reported on Form 144?

The filing reports 11,701 shares of ADP common stock to be sold on NASDAQ.

When were the reported shares acquired?

The shares were acquired by restricted stock vesting on 09/01/2025 and are listed as compensation.

What is the aggregate market value and proceeds shown?

Aggregate market value is $3,513,662.01; a disclosed sale on 09/03/2025 by Carlos A. Rodriguez shows gross proceeds of $3,490,745.61.

How large is this sale relative to ADP's outstanding shares?

The filing lists 405,043,142 shares outstanding; the 11,701-share transaction is a very small fraction of that total.

Does the filing indicate any undisclosed material information?

By signing the notice, the person represents they do not know any material adverse information about the issuer that is not publicly disclosed.