Form 4: Automatic Data Processing Executive Sells Shares
Insider Transaction (Form 4)
David Kwon, Corp VP of Automatic Data Processing Inc, sold 798 shares of common stock on August 20, 2026 for $280.00 per share.
Summary
- Option exercise/conversion: acquired 967 Common Stock at $169.84 ($164,235) on August 20, 2026; holds 13,991 after (Direct).
- Open-market sale: disposed of 798 Common Stock at $280.00 ($223,440) on August 20, 2026; holds 13,193 after (Direct).
- Option exercise/conversion: disposed of 967 Stock Option (Right to Buy) at $169.84 ($164,235) on August 20, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $223,440 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
David Kwon — Officer (Corp VP)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-20 | Option exercise/conversion | Common Stock | 967 | $170 | $164.2K | 13,990.739 |
| 2026-08-20 | Open-market sale | Common Stock | 798 | $280 | $223.4K | 13,192.739 |
| 2026-08-20 | Option exercise/conversion | Stock Option (Right to Buy) | 967 | $170 | $164.2K | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-20 | Option exercise/conversion (967 shares) |
| 2026-08-20 | Open-market sale (798 shares) |
| 2026-08-20 | Option exercise/conversion (967 shares) |
Keywords
insider transaction, Form 4, ADP, AUTOMATIC DATA PROCESSING INC, bearish, David Kwon
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