Michelle Link - 30 Sep 2024 Form 4 Insider Report for MAXIMUS, INC. (MMS)

Signature
/s/ John T Martinez: As Attorney-In-Fact for: Michelle Link
Issuer symbol
MMS
Transactions as of
30 Sep 2024
Net transactions value
-$367,909
Form type
4
Filing time
02 Oct 2024, 17:02:54 UTC
Previous filing
03 Sep 2024
Next filing
27 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMS Common Stock Tax liability $241,750 -2,595 -25% $93.16 7,930 30 Sep 2024 Direct F1
transaction MMS Common Stock Sale $126,159 -1,363 -17% $92.56 6,567 01 Oct 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 These shares were surrendered to satisfy the withholding tax due in connection with the vesting of restricted stock units.
F2 These sales were completed pursuant to a 10b5-1 trading plan adopted by the reporting person on December 15, 2023.