ADP (NASDAQ: ADP) insider files Form 144 to sell shares of common stock
Rhea-AI Filing Summary
ADP shareholder David Kwon filed a Form 144 indicating an intention to sell 806 shares of common stock through Fidelity Brokerage Services on NASDAQ, with an aggregate market value of 213428.80. These planned sales relate to shares acquired on 09/01/2021 via restricted stock vesting from the issuer as compensation. The notice also reports that Kwon sold 900 common shares on 01/06/2026 for gross proceeds of 234000.00. The filing notes that 404448744 common shares were outstanding, providing context for the relatively small size of these transactions.
Positive
- None.
Negative
- None.
FAQ
What does the ADP (ADP) Form 144 filing by David Kwon disclose?
The filing shows that David Kwon plans to sell 806 shares of ADP common stock through Fidelity Brokerage Services on NASDAQ, with an aggregate market value of 213428.80. It is a notice of a proposed sale under Rule 144.
Which broker and exchange are involved in the ADP Form 144 sale?
The planned sale of 806 ADP common shares will be handled by Fidelity Brokerage Services LLC, and the shares are to be sold on the NASDAQ exchange.
What does a Form 144 filing generally indicate for ADP investors?
A Form 144 provides notice that an affiliate or other covered holder intends to sell restricted or control securities of ADP under SEC Rule 144. This filing details the number of shares, acquisition method, and recent sales but does not, by itself, change the company’s operations.