Maximus (NYSE: MMS) Chief of HR reports PSU vesting and stock sale

Rhea-AI Filing Summary

Maximus, Inc. officer Michelle Link, Chief of Human Resources, reported several stock transactions. On 12/02/2025, she acquired 7,358.338 shares of common stock at $0 from the release of performance stock units granted on November 25, 2022, including 227.500 shares from dividend equivalents. On the same day, she surrendered 3,318.61 shares at $86.51 to cover withholding taxes related to this PSU release. On 12/03/2025, she sold 4,039 shares at $86.84, under a Rule 10b5-1 trading plan adopted on December 6, 2024. After these transactions, she directly owned 19,541.801 shares of Maximus common stock.

Insider Trade Summary

Net Seller: 4,039 shares ($350,747)

Net Sell 3 txns

Insider Link Michelle F.

Role Chief of Human Resources

Sold 4,039 shs ($351K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,039	$86.84	$351K
Grant/Award	Common Stock	7,358.338	$0.00	--
Tax Withholding	Common Stock	3,318.61	$86.51	$287K

Holdings After Transaction: Common Stock — 19,541.801 shares (Direct)

Footnotes (1)

1. These shares were received upon the release of performance stock units ("PSUs") granted on November 25, 2022. The reported amount includes 227.500 shares representing the dividend equivalent rights accrued on the PSUs. These shares were surrendered to satisfy the withholding tax due in connection with the release of the PSUs. These sales were completed pursuant to a 10b5-1 trading plan adopted by the reporting person on December 6, 2024.

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).

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 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 of Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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	12/02/2025		A		7,358.338(1)	A	$0	26,899.411	D
Common Stock	12/02/2025		F		3,318.61(2)	D	$86.51	23,580.801	D
Common Stock	12/03/2025		S(3)		4,039	D	$86.84	19,541.801	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 received upon the release of performance stock units ("PSUs") granted on November 25, 2022. The reported amount includes 227.500 shares representing the dividend equivalent rights accrued on the PSUs.

2. These shares were surrendered to satisfy the withholding tax due in connection with the release of the PSUs.

3. These sales were completed pursuant to a 10b5-1 trading plan adopted by the reporting person on December 6, 2024.

	/s/ John T Martinez: As Attorney-In-Fact for: Michelle Link	12/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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