Maximus HR chief Michelle F. Link sells 3,208 shares

MAXIMUS, Inc. Chief of Human Resources Michelle F. Link sold 3,208 shares of common stock on October 1, 2026, at $54.23 per share under a Rule 10b5-1 trading plan adopted on December 15, 2025.

Rhea-AI Filing Summary

MAXIMUS, Inc. Chief of Human Resources Michelle F. Link sold 3,208 shares of common stock on October 1, 2026, at $54.23 per share under a Rule 10b5-1 trading plan adopted on December 15, 2025. On September 30, 2026, 2,637 shares were surrendered to satisfy withholding tax due in connection with vesting restricted stock units; the reported price was $53.19 per share.

Insider Trade Summary 10b5-1

Net Seller: 3,208 shares

Net Sell 2 txns

Insider Link Michelle F.

Role Chief of Human Resources

Sold 3,208 shs ($174K)

Type	Security	Shares	Price	Value
Sale	Common Stock F3	3,208	$54.23	$174K
Tax Withholding	Common Stock F1, F2	2,636.979	$53.19	$140K

Holdings After Transaction: Common Stock — 13,880.851 shares (Direct)

Footnotes (3)

1. F1. These shares were surrendered to satisfy the withholding tax due in connection with the vesting of restricted stock units ("RSUs").
2. F2. Includes 184.029 dividend equivalents accrued on unvested RSUs since the reporting person's last Form 4 filing.
3. F3. These sales were completed pursuant to a 10b5-1 trading plan adopted by the reporting person on December 15, 2025.

Key Figures

Common Stock sold: 3,208 shares Sale price: $54.23 per share Shares surrendered for tax withholding: 2,637 shares +1 more

4 metrics

Common Stock sold 3,208 shares October 1, 2026

Sale price $54.23 per share Sale on October 1, 2026

Shares surrendered for tax withholding 2,637 shares September 30, 2026

Reported price for shares surrendered $53.19 per share September 30, 2026

Key Terms

10b5-1 trading plan, restricted stock units, dividend equivalents

3 terms

10b5-1 trading plan financial

"pursuant to a 10b5-1 trading plan"

A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.

restricted stock units financial

"vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalents financial

"dividend equivalents accrued on unvested RSUs"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did MAXIMUS (MMS) Chief of Human Resources Michelle F. Link sell, and at what price?

Michelle F. Link sold 3,208 shares on October 1, 2026, at $54.23 per share. The sale was completed under a Rule 10b5-1 trading plan she adopted on December 15, 2025.

Why were MAXIMUS (MMS) shares surrendered on September 30, 2026?

2,637 shares were surrendered to satisfy withholding tax due in connection with vesting restricted stock units. The reported price was $53.19 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 04:56 PM Accepted by SEC EDGAR 10/02/2026 - 04:55 PM Learn about SEC filing dates

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).

X

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^*

Link Michelle F.

(Last) (First) (Middle)

C/O MAXIMUS INC.

1600 TYSONS BLVD, STE 1400

(Street)

MCLEAN VIRGINIA 22102

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief of Human Resources

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

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

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

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

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	09/30/2026		F		2,636.979(1)	D	$53.19	17,088.851(2)	D
Common Stock	10/01/2026		S(3)		3,208	D	$54.23	13,880.851	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. These shares were surrendered to satisfy the withholding tax due in connection with the vesting of restricted stock units ("RSUs").

2. Includes 184.029 dividend equivalents accrued on unvested RSUs since the reporting person's last Form 4 filing.

3. These sales were completed pursuant to a 10b5-1 trading plan adopted by the reporting person on December 15, 2025.

	/s/ Jason Frank: As Attorney-In-Fact for: Michelle Link	10/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)