AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Tower Research Capital LLC (TRC)'s Holding History (CIK: 0001533421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 32,914 Value ($000) $8,466 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 9,472 Value ($000) $2,780 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 6,075 Value ($000) $1,874 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 9,601 Value ($000) $2,933 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 31,554 Value ($000) $9,237 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 15,723 Value ($000) $4,351 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 51,167 Value ($000) $12,213 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 31,842 Value ($000) $7,952 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 74,240 Value ($000) $17,296 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 32,066 Value ($000) $7,714 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 11,487 Value ($000) $2,525 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 11,186 Value ($000) $2 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 11,825 Value ($000) $3 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 102,692 Value ($000) $23,228 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 65,063 Value ($000) $13,666 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 155,327 Value ($000) $35,343 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 61,604 Value ($000) $15,190 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 24,667 Value ($000) $4,932 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 39,927 Value ($000) $7,931 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 48,049 Value ($000) $9,055 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 8,495 Value ($000) $1,497 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 16,506 Value ($000) $2,302 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 8,460 Value ($000) $1,260 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 315 Value ($000) $43 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 2 Value ($000) $0 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 7,954 Value ($000) $1,284 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 4,440 Value ($000) $734 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 6,424 Value ($000) $1,026 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 10,453 Value ($000) $1,370 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 1,757 Value ($000) $265 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 26,396 Value ($000) $3,541 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 30 Value ($000) $3 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 6,643 Value ($000) $778 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 1,678 Value ($000) $183 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 862 Value ($000) $88 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 47 Value ($000) $5 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 6,919 Value ($000) $711 Avg Close $76.76 Range $70.20 - $85.82

Q2 2016

Shares 3,942 Value ($000) $362 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 4,924 Value ($000) $442 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 1,325 Value ($000) $112 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 1,000 Value ($000) $80 Avg Close $63.87 Range $51.20 - $67.86

Q2 2015

Shares 5,146 Value ($000) $413 Avg Close $67.60 Range $63.55 - $69.99

Q1 2015

Shares 75 Value ($000) $6 Avg Close $67.89 Range $64.32 - $71.03

Q4 2014

Shares 1,122 Value ($000) $94 Avg Close $63.52 Range $55.18 - $68.07

Q3 2014

Shares 3,347 Value ($000) $278 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 4,101 Value ($000) $325 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 240 Value ($000) $19 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 7,248 Value ($000) $586 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 14,025 Value ($000) $1,015 Avg Close $48.32 Range $45.84 - $50.27

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	32,914	$8,466	$264.83	$245.59 - $291.75
Q3 2025	9,472	$2,780	$297.80	$280.46 - $312.33
Q2 2025	6,075	$1,874	$302.36	$268.13 - $324.50
Q1 2025	9,601	$2,933	$295.41	$279.29 - $315.84
Q4 2024	31,554	$9,237	$287.90	$266.14 - $301.35
Q3 2024	15,723	$4,351	$253.49	$223.96 - $274.02
Q2 2024	51,167	$12,213	$236.61	$228.77 - $245.17
Q1 2024	31,842	$7,952	$234.26	$221.78 - $245.61
Q4 2023	74,240	$17,296	$222.04	$195.57 - $239.12
Q3 2023	32,066	$7,714	$231.16	$204.74 - $243.17
Q2 2023	11,487	$2,525	$203.27	$189.64 - $210.89
Q1 2023	11,186	$2	$211.47	$197.72 - $230.89
Q4 2022	11,825	$3	$228.99	$203.81 - $257.33
Q3 2022	102,692	$23,228	$219.07	$190.70 - $242.63
Q2 2022	65,063	$13,666	$202.51	$182.36 - $222.13
Q1 2022	155,327	$35,343	$196.92	$176.60 - $227.31
Q4 2021	61,604	$15,190	$207.28	$180.16 - $228.68
Q3 2021	24,667	$4,932	$187.71	$179.33 - $197.68
Q2 2021	39,927	$7,931	$176.27	$167.48 - $182.39
Q1 2021	48,049	$9,055	$156.66	$143.60 - $175.27
Q4 2020	8,495	$1,497	$147.45	$121.14 - $161.77
Q3 2020	16,506	$2,302	$125.00	$114.15 - $135.97
Q2 2020	8,460	$1,260	$126.99	$112.18 - $142.82
Q1 2020	315	$43	$141.95	$91.30 - $160.44
Q4 2019	2	$0	$145.09	$134.54 - $151.18
Q3 2019	7,954	$1,284	$143.97	$136.57 - $151.98
Q2 2019	4,440	$734	$140.97	$134.10 - $148.45
Q1 2019	6,424	$1,026	$125.45	$108.70 - $138.61
Q4 2018	10,453	$1,370	$121.16	$104.68 - $131.62
Q3 2018	1,757	$265	$120.81	$110.27 - $129.74
Q2 2018	26,396	$3,541	$107.77	$94.91 - $120.77
Q1 2018	30	$3	$98.61	$90.87 - $105.75
Q4 2017	6,643	$778	$96.16	$91.15 - $100.81
Q3 2017	1,678	$183	$89.59	$83.96 - $101.73
Q2 2017	862	$88	$84.22	$79.33 - $87.79
Q1 2017	47	$5	$84.40	$77.75 - $87.39
Q4 2016	6,919	$711	$76.76	$70.20 - $85.82
Q2 2016	3,942	$362	$71.77	$68.45 - $75.00
Q1 2016	4,924	$442	$67.69	$61.81 - $73.03
Q4 2015	1,325	$112	$69.13	$63.10 - $72.67
Q3 2015	1,000	$80	$63.87	$51.20 - $67.86
Q2 2015	5,146	$413	$67.60	$63.55 - $69.99
Q1 2015	75	$6	$67.89	$64.32 - $71.03
Q4 2014	1,122	$94	$63.52	$55.18 - $68.07
Q3 2014	3,347	$278	$56.27	$54.11 - $58.19
Q2 2014	4,101	$325	$52.86	$49.83 - $54.58
Q1 2014	240	$19	$52.44	$48.53 - $56.01
Q4 2013	7,248	$586	$51.46	$46.89 - $56.22
Q3 2013	14,025	$1,015	$48.32	$45.84 - $50.27