Maximus (MMS) Chief Legal Officer adds shares through RSU dividend equivalents

Rhea-AI Filing Summary

Maximus, Inc. reported an equity compensation-related share increase for a senior executive. Chief Legal Officer John T. Martinez acquired 32.937 shares of Maximus common stock on 12/01/2025. The shares reflect dividend equivalent rights that accrued on previously awarded restricted stock units, with each right equal in value to one share of Maximus common stock and vesting proportionately with the related RSUs. Following this transaction, Martinez directly beneficially owns 22,641.129 shares of Maximus common stock.

Insider Trade Summary

Net Buyer: 32.937 shares

Net Buy 1 txn

Insider Martinez John Thomas

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	32.937	$0.00	$0.00

Holdings After Transaction: Common Stock — 22,641.129 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/02/2025 - 08:45 PM Learn about SEC filing dates

FAQ

What insider transaction did Maximus (MMS) report for John T. Martinez?

Maximus reported that Chief Legal Officer John T. Martinez acquired 32.937 shares of Maximus common stock on 12/01/2025, as shown on a Form 4.

How did John T. Martinez acquire additional Maximus (MMS) shares?

The additional 32.937 shares came from dividend equivalent rights that accrued on previously awarded restricted stock units and vest proportionately with those RSUs.

What are dividend equivalent rights in the Maximus (MMS) Form 4 filing?

The filing explains that dividend equivalent rights are tied to RSUs and that each dividend equivalent right is the economic equivalent of one share of Maximus common stock.

How many Maximus (MMS) shares does John T. Martinez own after this transaction?

After the reported transaction, John T. Martinez beneficially owns 22,641.129 shares of Maximus common stock, held directly.

Was any cash paid for the Maximus (MMS) shares acquired in this Form 4?

The Form 4 shows the price as $0 for the 32.937 shares, indicating they were granted as equity compensation rather than purchased for cash.

What is the role of John T. Martinez at Maximus (MMS)?

According to the filing, John T. Martinez is an officer of Maximus, serving as the company’s Chief Legal Officer.

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^*

Martinez John Thomas

(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 Legal 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		32.937(1)	A	$0	22,641.129	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	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.
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.