AG˹ٷ

STOCK TITAN

[Form 4] CRA International, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Paul A. Maleh, President and CEO and a director of CRA International, Inc. (CRAI), reported multiple sales of company common stock executed on 08/14/2025 pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024. The transactions total 7,500 shares sold across six groups of trades with reported weighted-average prices ranging from approximately $185.42 to $190.88 and documented price ranges for each group. After these dispositions the reporting person beneficially owns 124,045 shares according to the form. The Form 4 was signed by a power of attorney on 08/18/2025.

Paul A. Maleh, Presidente e CEO nonché membro del consiglio di CRA International, Inc. (CRAI), ha comunicato la vendita di azioni ordinarie della società eseguita il 14/08/2025 ai sensi di un piano di trading Rule 10b5-1 adottato il 10 dicembre 2024. Le operazioni comprendono in totale la vendita di 7.500 azioni suddivise in sei blocchi, con prezzi medi ponderati segnalati compresi approssimativamente tra $185,42 e $190,88, e intervalli di prezzo documentati per ciascun gruppo. Dopo queste cessioni, la persona segnalante detiene di fatto 124.045 azioni secondo il modulo. Il Form 4 è stato firmato per procura il 18/08/2025.

Paul A. Maleh, presidente y director ejecutivo y miembro del consejo de CRA International, Inc. (CRAI), informó varias ventas de acciones ordinarias de la compañía ejecutadas el 14/08/2025 conforme a un plan de negociación Rule 10b5-1 adoptado el 10 de diciembre de 2024. Las transacciones suman 7.500 acciones vendidas en seis grupos de operaciones, con precios promedio ponderados reportados que van aproximadamente desde $185.42 hasta $190.88, y rangos de precio documentados para cada grupo. Tras estas disposiciones, la persona informante posee beneficiariamente 124.045 acciones según el formulario. El Formulario 4 fue firmado por poder el 18/08/2025.

Paul A. Maleh� CRA International, Inc. (CRAI)� 회장 � CEO이자 이사로서, 2025� 8� 14�2024� 12� 10�� 채택� Rule 10b5-1 거래 계획� 따라 회사 보통주를 여러 � 매도했다� 보고했습니다. 해당 거래� � 7,500� 매도� 6� 거래 묶음� 걸쳐 이루어졌으며 보고� 가중평� 가격은 대� $185.42에서 $190.88 사이이고 � 묶음� 가� 범위가 문서화되� 있습니다. � 처분� 이후 보고인은 해당 서식� 따라 124,045�� 실질적으� 보유하고 있습니다. Form 4� 2025� 8� 18�� 위임권한자에 의해 서명되었습니�.

Paul A. Maleh, président-directeur général et administrateur de CRA International, Inc. (CRAI), a déclaré plusieurs ventes d'actions ordinaires de la société effectuées le 14/08/2025 en vertu d'un plan de trading Rule 10b5-1 adopté le 10 décembre 2024. Les opérations totalisent 7 500 actions vendues réparties en six groupes de transactions, avec des prix moyens pondérés déclarés allant d'environ $185,42 à $190,88 et des fourchettes de prix documentées pour chaque groupe. Après ces cessions, la personne déclarante détient bénéficiairement 124 045 actions selon le formulaire. Le Formulaire 4 a été signé par procuration le 18/08/2025.

Paul A. Maleh, Präsident und CEO sowie Direktor von CRA International, Inc. (CRAI), meldete mehrere Verkäufe von Stammaktien des Unternehmens, die am 14.08.2025 im Rahmen eines Rule-10b5-1-Handelsplans ausgeführt wurden, der am 10. Dezember 2024 verabschiedet wurde. Die Transaktionen umfassen insgesamt 7.500 verkaufte Aktien in sechs Handelsgruppen mit gemeldeten gewichteten Durchschnittspreisen von etwa $185,42 bis $190,88 sowie dokumentierten Preisspannen für jede Gruppe. Nach diesen Veräußerungen besitzt die meldepflichtige Person gemäß dem Formular insgesamt 124.045 Aktien wirtschaftlich. Das Formular 4 wurde am 18.08.2025 von einem Bevollmächtigten unterzeichnet.

Positive
  • Transactions executed under a Rule 10b5-1 trading plan, indicating pre-arranged, non-discretionary sales
  • Detailed pricing disclosure including weighted-average prices and explicit price ranges for each tranche
  • Form filed and signed (by power of attorney), demonstrating Section 16 reporting compliance
Negative
  • Reporting person disposed of 7,500 shares, reducing insider beneficial ownership to 124,045 shares
  • Concentration of sales on a single date (08/14/2025), which may attract investor attention even though executed under a plan

Insights

TL;DR: Insider sales of 7,500 shares were executed under a pre-established 10b5-1 plan; disclosures show transparent weighted-average pricing.

The Form 4 shows structured sales on a single day that were executed under a documented Rule 10b5-1 plan adopted December 10, 2024. The filing lists weighted-average prices and published price ranges for each tranche, which facilitates verification of execution prices if requested. The remaining beneficial ownership is reported as 124,045 shares. Based solely on the form's content, these are planned disposals rather than ad hoc trades.

TL;DR: Reporting complies with Section 16 reporting and invokes the affirmative defense of a 10b5-1 trading plan.

The filing indicates procedural compliance: the reporting person checked the box signaling transactions were made pursuant to a contract, instruction or written plan intended to meet Rule 10b5-1(c) conditions. The report provides weighted-average prices and offers to supply breakdowns on request, and it was signed via power of attorney, which is documented on the form. The disclosure allows stakeholders to confirm form and timing adherence.

Paul A. Maleh, Presidente e CEO nonché membro del consiglio di CRA International, Inc. (CRAI), ha comunicato la vendita di azioni ordinarie della società eseguita il 14/08/2025 ai sensi di un piano di trading Rule 10b5-1 adottato il 10 dicembre 2024. Le operazioni comprendono in totale la vendita di 7.500 azioni suddivise in sei blocchi, con prezzi medi ponderati segnalati compresi approssimativamente tra $185,42 e $190,88, e intervalli di prezzo documentati per ciascun gruppo. Dopo queste cessioni, la persona segnalante detiene di fatto 124.045 azioni secondo il modulo. Il Form 4 è stato firmato per procura il 18/08/2025.

Paul A. Maleh, presidente y director ejecutivo y miembro del consejo de CRA International, Inc. (CRAI), informó varias ventas de acciones ordinarias de la compañía ejecutadas el 14/08/2025 conforme a un plan de negociación Rule 10b5-1 adoptado el 10 de diciembre de 2024. Las transacciones suman 7.500 acciones vendidas en seis grupos de operaciones, con precios promedio ponderados reportados que van aproximadamente desde $185.42 hasta $190.88, y rangos de precio documentados para cada grupo. Tras estas disposiciones, la persona informante posee beneficiariamente 124.045 acciones según el formulario. El Formulario 4 fue firmado por poder el 18/08/2025.

Paul A. Maleh� CRA International, Inc. (CRAI)� 회장 � CEO이자 이사로서, 2025� 8� 14�2024� 12� 10�� 채택� Rule 10b5-1 거래 계획� 따라 회사 보통주를 여러 � 매도했다� 보고했습니다. 해당 거래� � 7,500� 매도� 6� 거래 묶음� 걸쳐 이루어졌으며 보고� 가중평� 가격은 대� $185.42에서 $190.88 사이이고 � 묶음� 가� 범위가 문서화되� 있습니다. � 처분� 이후 보고인은 해당 서식� 따라 124,045�� 실질적으� 보유하고 있습니다. Form 4� 2025� 8� 18�� 위임권한자에 의해 서명되었습니�.

Paul A. Maleh, président-directeur général et administrateur de CRA International, Inc. (CRAI), a déclaré plusieurs ventes d'actions ordinaires de la société effectuées le 14/08/2025 en vertu d'un plan de trading Rule 10b5-1 adopté le 10 décembre 2024. Les opérations totalisent 7 500 actions vendues réparties en six groupes de transactions, avec des prix moyens pondérés déclarés allant d'environ $185,42 à $190,88 et des fourchettes de prix documentées pour chaque groupe. Après ces cessions, la personne déclarante détient bénéficiairement 124 045 actions selon le formulaire. Le Formulaire 4 a été signé par procuration le 18/08/2025.

Paul A. Maleh, Präsident und CEO sowie Direktor von CRA International, Inc. (CRAI), meldete mehrere Verkäufe von Stammaktien des Unternehmens, die am 14.08.2025 im Rahmen eines Rule-10b5-1-Handelsplans ausgeführt wurden, der am 10. Dezember 2024 verabschiedet wurde. Die Transaktionen umfassen insgesamt 7.500 verkaufte Aktien in sechs Handelsgruppen mit gemeldeten gewichteten Durchschnittspreisen von etwa $185,42 bis $190,88 sowie dokumentierten Preisspannen für jede Gruppe. Nach diesen Veräußerungen besitzt die meldepflichtige Person gemäß dem Formular insgesamt 124.045 Aktien wirtschaftlich. Das Formular 4 wurde am 18.08.2025 von einem Bevollmächtigten unterzeichnet.

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*
Maleh Paul A

(Last) (First) (Middle)
200 CLARENDON STREET

(Street)
BOSTON MA 02116

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CRA INTERNATIONAL, INC. [ CRAI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
PRESIDENT AND CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025
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 08/14/2025 S 3,462 D $185.424(1) 128,083 D(2)
Common Stock 08/14/2025 S 1,603 D $186.5866(3) 126,480 D(2)
Common Stock 08/14/2025 S 200 D $186.9726(4) 126,280 D(2)
Common Stock 08/14/2025 S 763 D $188.4256(5) 125,517 D(2)
Common Stock 08/14/2025 S 1,110 D $189.7169(6) 124,407 D(2)
Common Stock 08/14/2025 S 362 D $190.88(7) 124,045 D(2)
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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $184.91 to $185.87, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
2. These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2024.
3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $185.92 to $186.83, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $186.93 to $187.35, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $188.33 to $188.9675, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $189.35 to $190.10, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
7. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $190.5675 to $191.5025, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
Delia J. Makhlouta, by power of attorney 08/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CRAI insider Paul A. Maleh report selling on Form 4?

The filing reports that Paul A. Maleh sold a total of 7,500 shares of CRA International common stock on 08/14/2025.

Were the CRAI sales part of a Rule 10b5-1 plan?

Yes. The Form 4 indicates the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024.

What prices were reported for the CRAI insider sales?

Weighted-average prices for the tranches are reported between approximately $185.42 and $190.88, with disclosed price ranges for each tranche in the filing.

How many CRAI shares does the reporting person beneficially own after the transactions?

Following the reported transactions the Form 4 states the reporting person beneficially owns 124,045 shares.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by Delia J. Makhlouta by power of attorney on 08/18/2025.

Does the Form 4 provide breakdowns of shares sold at individual prices?

The filing states weighted-average prices were used and the reporting person will provide full information regarding the number of shares sold at each separate price upon request.
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