Caswell Bruce 4

What Happened
Caswell Bruce, President & CEO and a director of Maximus, Inc. (MMS), made three open-market purchases on February 10, 2026, acquiring a total of 3,175 shares for aggregate consideration of approximately $249,081. The transactions were reported as purchases (code P) and break down as follows: 152 shares at a weighted avg $76.92 ($11,692), 1,332 shares at $78.22 ($104,189), and 1,691 shares at $78.77 ($133,200). These are outright purchases (not option exercises or awards), which are generally interpreted by investors as a direct buy of stock rather than a sale.

Key Details

• Transaction date: February 10, 2026; Form 4 filed February 11, 2026 (appears timely under Section 16 reporting rules).
• Lot details:
  • 152 sh @ $76.92 (weighted avg; F1: price range $76.51–$77.31) — $11,692
  • 1,332 sh @ $78.22 (weighted avg; F2: price range $77.52–$78.45) — $104,189
  • 1,691 sh @ $78.77 (weighted avg; F3: price range $78.54–$78.97) — $133,200
• Total: 3,175 shares, approx. $249,081.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Notable footnotes: Each lot’s reported price is a weighted average of multiple trades; exact per-trade counts/prices can be provided on request to the SEC, issuer, or a security holder (F1–F3).
• Additional exhibit: Exhibit 24 — Power of Attorney is attached. No 10b5-1 plan, gift, or option exercise was indicated in the supplied filing.

Context
These are open-market purchases by the company’s CEO, a type of insider buy that many retail investors view as a positive signal because it shows the insider acquiring company stock. The filing is a straightforward purchase report (no derivatives or immediate sales). As always, insider purchases are one data point and should be considered alongside company fundamentals and other information.