Madsen Jan 4
Research Summary
AI-generated summary
MAXIMUS (MMS) Director Jan Madsen Sells 742 Shares
What Happened
Jan Madsen, a director of MAXIMUS, sold 742 shares of MAXIMUS common stock on March 17, 2026. The shares were disposed at $72.25 each, for a total proceeds of $53,610. This was a sale (not a purchase) and therefore does not signal an increase in insider ownership.
Key Details
- Transaction date: 2026-03-17; price: $72.25 per share; shares sold: 742; proceeds: $53,610.
- Transaction type: Sale (open-market or private sale indicated on the Form 4).
- Footnote: Sale was executed pursuant to a prearranged 10b5-1 trading plan adopted by the reporting person on September 14, 2024.
- Shares owned after the transaction: Not specified in the provided filing.
- Filing timeliness: Reported and filed on 2026-03-17 (no late filing indicated).
Context
10b5-1 plans allow insiders to sell pre-scheduled amounts regardless of short-term market moves; such sales are often routine and not necessarily an indication of the insider’s view on the company. For retail investors, purchases typically carry more informational weight than scheduled sales.