Black Maria

Black Maria, President & CEO, has demonstrated a clear selling bias in their trading activity involving Automatic Data Processing (ADP), the sole company in their transaction history. Over 46 reported trades, Maria has sold $25.17 million worth of ADP shares while purchasing only $1.67 million, resulting in a net divestment of $23.5 million. The most recent transactions, all sales, occurred on January 5, 2026, totaling $184,880.03 across six separate filings, with individual sale amounts ranging from $12,919.53 to $75,878.14. This follows a much larger sell-off on September 3, 2025, when Maria disposed of $6.46 million in ADP stock through 15 separate transactions, including two seven-figure sales of $1.99 million and $1.28 million. Maria’s recent activity shows no buying and consists entirely of sales, with 21 sell transactions since September 2025 compared to zero buys. The January 2026 filings also include two $111,952.67 dispositions coded as "F" (likely gift or transfer) on January 2 and two $10,013.53 transactions coded as "I" (discretionary) on January 1. The pattern suggests ongoing liquidation of ADP holdings, with the bulk of selling concentrated in September 2025 and smaller but consistent sales continuing into early 2026. The absence of any offsetting purchases indicates a sustained reduction in Maria’s position in the company.