Maximus CFO acquires 36.924 dividend-equivalent shares of common stock

Maximus, Inc. reported an insider equity update for its Chief Financial Officer, who filed individually.

Accepted by SEC EDGAR 12/02/2025 - 08:44 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Maximus, Inc. reported an insider equity update for its Chief Financial Officer, who filed individually. On 12/01/2025, the officer acquired 36.924 shares of common stock at a price of $0. These were dividend equivalent rights that accrued on previously awarded restricted stock units, and they vest proportionately with the underlying RSUs. Following this transaction, the officer beneficially owns 31,684.882 shares of Maximus common stock in direct ownership form.

Insider Trade Summary

Grant/Award: 36.924 shares

Grant/Award 1 txn

Insider Mutryn David

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	36.924	$0.00	$0.00

Holdings After Transaction: Common Stock — 31,684.882 shares (Direct)

Footnotes (1)

1. F1. Dividend equivalent rights accrued on previously-awarded restricted stock units ("RSU") which vest proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of Maximus common stock.

FAQ

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

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

The Chief Financial Officer of Maximus, Inc. reported acquiring 36.924 shares of common stock on 12/01/2025 at a price of $0.

Why did the Maximus (MMS) CFO receive 36.924 shares at no cost?

The 36.924 shares reflect dividend equivalent rights that accrued on previously awarded restricted stock units and vest proportionately with those RSUs.

How many Maximus (MMS) shares does the CFO own after this transaction?

After the reported transaction, the CFO beneficially owns 31,684.882 shares of Maximus common stock in direct ownership.

What is a dividend equivalent right in the context of Maximus (MMS) RSUs?

Dividend equivalent rights give the holder the economic equivalent of one share of Maximus common stock for each right, accruing alongside the related RSUs.

Was this Maximus (MMS) Form 4 filed by more than one reporting person?

No. The filing states it is a Form filed by one reporting person, covering the Chief Financial Officer.

What is the officer’s role at Maximus (MMS) mentioned in this Form 4?

The reporting person is identified as an Officer, specifically the Chief Financial Officer of Maximus, Inc.

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

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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^*

Mutryn David

(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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		A		36.924(1)	A	$0	31,684.882	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. Dividend equivalent rights accrued on previously-awarded restricted stock units ("RSU") which vest proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of Maximus common stock.

	/s/ John T Martinez: As Attorney-In-Fact for: David Mutryn	12/02/2025
	** 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.
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