Maximus (NYSE: MMS) CEO adds shares in open-market stock buys

Rhea-AI Filing Summary

Maximus, Inc. CEO and President Bruce Caswell reported open-market purchases of company common stock. On February 10, 2026, he bought 152 shares at a weighted average price of $76.92, 1,332 shares at $78.22, and 1,691 shares at $78.77. Following these transactions, he directly beneficially owned 328,013.285 shares of Maximus common stock.

Insider Trade Summary

Net Buyer: 3,175 shares ($249,081)

Net Buy 3 txns

Insider Caswell Bruce

Role CEO & President

Bought 3,175 shs ($249K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	152	$76.92	$12K
Purchase	Common Stock	1,332	$78.22	$104K
Purchase	Common Stock	1,691	$78.77	$133K

Holdings After Transaction: Common Stock — 324,990.285 shares (Direct)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.51 to $77.31, inclusive. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request by the Commission staff, the issuer, or a security holder of the issuer. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.52 to $78.45, inclusive. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request by the Commission staff, the issuer, or a security holder of the issuer. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.54 to $78.97, inclusive. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request by the Commission staff, the issuer, or a security holder of the issuer.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Caswell Bruce

(Last) (First) (Middle)

C/O MAXIMUS INC.

1600 TYSONS BLVD, STE 1400

(Street)

MCLEAN VA 22102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MAXIMUS, INC. [ MMS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/10/2026		P		152	A	$76.92(1)	324,990.285	D
Common Stock	02/10/2026		P		1,332	A	$78.22(2)	326,322.285	D
Common Stock	02/10/2026		P		1,691	A	$78.77(3)	328,013.285	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.51 to $77.31, inclusive. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request by the Commission staff, the issuer, or a security holder of the issuer.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.52 to $78.45, inclusive. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request by the Commission staff, the issuer, or a security holder of the issuer.

3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.54 to $78.97, inclusive. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request by the Commission staff, the issuer, or a security holder of the issuer.

Remarks:

Exhibit List Exhibit 24-Power of Attorney

	/s/ Jason Frank: As Attorney-In-Fact for: Bruce Caswell	02/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Maximus (MMS) disclose in this Form 4?

Maximus disclosed open-market stock purchases by its CEO and President, Bruce Caswell. On February 10, 2026, he bought three blocks of common stock, increasing his directly held beneficial ownership to 328,013.285 shares after the reported transactions.

How many Maximus (MMS) shares did Bruce Caswell buy on February 10, 2026?

Bruce Caswell purchased three separate blocks of Maximus common stock. He acquired 152 shares, 1,332 shares, and 1,691 shares in open-market transactions, each reported separately with its own weighted average purchase price on February 10, 2026.

At what prices did the Maximus (MMS) CEO purchase shares in this filing?

The reported prices are weighted averages for each purchase block. Bruce Caswell bought 152 shares at $76.92, 1,332 shares at $78.22, and 1,691 shares at $78.77, each reflecting multiple trades within the indicated price ranges described in the footnotes.

How many Maximus (MMS) shares does Bruce Caswell own after these trades?

After the reported purchases, Bruce Caswell beneficially owned 328,013.285 Maximus common shares directly. This figure reflects his total direct holdings immediately following the open-market transactions disclosed for February 10, 2026 in the Form 4.

Are the Maximus (MMS) CEO’s purchases in this Form 4 direct or indirect ownership?

The reported Maximus common stock purchases are held as direct ownership. The Form 4 lists the ownership form as “D” for direct, and no nature of indirect beneficial ownership is indicated for the shares acquired in these February 10, 2026 transactions.