[Form 4] MAXIMUS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Theresa D. Golinvaux, listed as Principal Accounting Officer of MAXIMUS, Inc. (MMS), reported a transaction dated 09/30/2025 on a Form 4. The filing shows 1,206.759 shares of common stock were disposed of at a price of $91.37; the form explains these shares were surrendered to satisfy withholding tax related to the vesting of restricted stock units (RSUs). After the reported disposition, the reporting person beneficially owns 10,249.213 shares, which includes previously reported RSU awards totaling 5,628.387 RSUs and accrued dividend equivalents with varying distribution schedules. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 10/02/2025.

Positive

• Disposition was a tax-withholding surrender tied to RSU vesting, not an open-market sell-off
• Reporting person retains 10,249.213 shares, including 5,628.387 previously reported RSUs

Negative

• 1,206.759 shares disposed reduced direct holdings on 09/30/2025
• Recorded disposal price of $91.37 may affect reported average holding cost for these shares

Insights

Corporate Governance Analyst

Routine RSU tax-withholding sale reduced holdings by 1,206.759 shares on 09/30/2025.

The Form 4 shows the disposition was executed as a tax-withholding action tied to RSU vesting rather than an open-market liquidity sale; the filing explicitly states the shares were "surrendered to satisfy the withholding tax due".

This transaction leaves the reporting person with 10,249.213 shares of beneficial ownership, which includes 5,628.387 previously reported RSUs and accrued dividend equivalents. Because the filing discloses the purpose as tax withholding, it does not by itself indicate a change in intent regarding ownership.

Transaction date: 09/30/2025.

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

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GOLINVAUX THERESA D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		F		1,206.759(1)	D	$91.37	10,249.213(2)	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. The reporting person has reported prior awards of RSUs in Table II of Form 4. The total reported in Column 5 includes 5,628.387 RSUs and associated accrued dividend equivalent rights with varying distribution schedules previously reported in Table II.

	/s/ John T Martinez: As Attorney-In-Fact for: Theresa D Golinvaux	10/02/2025
	** 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 did Theresa D. Golinvaux report on Form 4 for MMS?

The Form 4 reports a disposition of 1,206.759 common shares on 09/30/2025 at a price of $91.37, surrendered to satisfy withholding tax from RSU vesting.

How many MMS shares does the reporting person own after the transaction?

After the reported transaction the reporting person beneficially owns 10,249.213 shares, which includes 5,628.387 previously reported RSUs and accrued dividend equivalents.

Was the sale an open-market transaction or tax withholding?

The filing explicitly states the shares were surrendered to satisfy the withholding tax due in connection with RSU vesting.

When was the Form 4 signed and filed?

The Form 4 shows the transaction date as 09/30/2025 and was signed by an attorney-in-fact on 10/02/2025.

What role does the reporting person hold at MAXIMUS (MMS)?

The reporting person is identified as the company's Principal Accounting Officer on the Form 4.