SEC Form 4
MAXIMUS, Inc. (MMS) insider trading
In the 12 months to Oct 24, 2026, 2 MMS insiders reported open-market sales of $578.3K across 3 filings; 4 insiders bought $329.6K.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $578.3K
- 3 filings · 2 insiders
- Open-market purchases
- $329.6K
- 4 filings
- Pre-arranged sales (10b5-1)
- 3 of 3
- All $578.3K sold was pre-arranged
Who traded MMS, and when
- Purchase
- Sale
- Sale, pre-arranged (10b5-1)
MMS daily close from Oct 24, 2025 to Oct 23, 2026, between $52.10 and $98.93, last $63.02. 3 sale and 4 purchase filings by 6 insiders, marked at their filing dates. Michelle F. Link, Chief of Human Resources: sold $524.7K across 2 filings, first filed Dec 3, 2025, last Oct 2, 2026. Bruce Caswell, CEO & President: bought $249.1K across 1 filing, first filed Feb 11, 2026, last Feb 11, 2026. David Mutryn, Chief Financial Officer: bought $75.6K across 1 filing, first filed Feb 9, 2026, last Feb 9, 2026. Jan Madsen, Director: sold $53.6K across 1 filing, first filed Mar 17, 2026, last Mar 17, 2026. Gayathri Rajan, Director: bought $3.6K across 1 filing, first filed Dec 2, 2025, last Dec 2, 2025. Michael J. Warren, Director: bought $1.2K across 1 filing, first filed Dec 2, 2025, last Dec 2, 2025.
Largest mark · tap a row for others
Michelle F. Link · Chief of Human Resources
Sale $350,747
4,039 shares at $86.84 avg
Filed Dec 3, 2025
Pre-arranged (10b5-1) · close on filing date $84.86
Michelle F. Link · Chief of Human Resources
Chief of Human Resources
$524.7K soldBruce Caswell · CEO & President
CEO & President
$249.1K boughtDavid Mutryn · Chief Financial Officer
Chief Financial Officer
$75.6K boughtJan Madsen · Director
Director
$53.6K soldGayathri Rajan · Director
Director
$3.6K boughtMichael J. Warren · Director
Director
$1.2K boughtHas MAXIMUS, Inc.'s CEO sold stock?
No. Bruce Caswell (CEO) made no open-market sales filed as CEO in the last 12 months.
Open-market trades
7 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Michelle F. Link | Chief of Human Resources | $524.7K | — | 2 | 100% of sales | |
| Bruce Caswell | CEO & President | — | $249.1K | 1 | — | |
| David Mutryn | Chief Financial Officer | — | $75.6K | 1 | — | |
| Jan Madsen | Director | $53.6K | — | 1 | 100% of sales | |
| Gayathri Rajan | Director | — | $3.6K | 1 | — | |
| Michael J. Warren | Director | — | $1.2K | 1 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Michelle F. Link Chief of Human Resources | SalePre-arranged (10b5-1) | 3,208 | $54.23 | $174.0K | 13,881 | |
traded | Jan Madsen Director | SalePre-arranged (10b5-1) | 742 | $72.25 | $53.6K | 20,795 | |
traded | Bruce Caswell CEO & President | Purchase | 3,175 | $78.45 | $249.1K | 326,322 | |
traded | David Mutryn Chief Financial Officer | Purchase | 1,000 | $75.63 | $75.6K | 40,037 | |
traded | Michelle F. Link Chief of Human Resources | SalePre-arranged (10b5-1) | 4,039 | $86.84 | $350.7K | 19,542 | |
traded | Michael J. Warren Director | Purchase | 14 | $86.11 | $1.2K | 15,485 | |
traded | Gayathri Rajan Director | Purchase | 42 | $86.11 | $3.6K | 14,388 |
GET /stocks/filings/vX/form-4?tickers=MMS&filing_date.gte=2025-10-24&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"MMS"
],
"issuer_cik": "0001032220",
"owner_cik": "0001808982",
"accession_number": "0001193125-26-412544",
"form_type": "4",
"filing_date": "2026-10-02",
"period_of_report": "2026-09-30",
"issuer_name": "MAXIMUS, INC.",
"issuer_trading_symbol": "MMS",
"owner_name": "Link Michelle F.",
"is_director": false,
"is_officer": true,
"is_ten_percent_owner": false,
"is_other": false,
"officer_title": "Chief of Human Resources",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-10-01",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 3208,
"transaction_price_per_share": 54.23,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 13880.851,
"transaction_value": 173969.84,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F3",
"description": "These sales were completed pursuant to a 10b5-1 trading plan adopted by the reporting person on December 15, 2025."
}
]
},
{
"tickers": [
"MMS"
],
"issuer_cik": "0001032220",
"owner_cik": "0001629769",
"accession_number": "0001193125-26-111202",
"form_type": "4",
"filing_date": "2026-03-17",
"period_of_report": "2026-03-17",
"issuer_name": "MAXIMUS, INC.",
"issuer_trading_symbol": "MMS",
"owner_name": "Madsen Jan",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-03-17",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 742,
"transaction_price_per_share": 72.25,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 20794.822,
"transaction_value": 53609.5,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "These sales were completed pursuant to a 10b5-1 trading plan adopted by the reporting person on September 14, 2024."
}
]
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 44 records
- Tax withholding10 records
- Grants and awards26 records
- Gifts8 records
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
Build this yourself
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for MMS every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Pre-arranged (10b5-1)
- The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.