Form 4: CRA International CEO Paul Maleh Executes Stock Sale
Statement of Changes in Beneficial Ownership
CRA International President and CEO Paul A. Maleh sold 7,500 shares of common stock pursuant to a pre-established Rule 10b5-1 trading plan.
Summary
- President and CEO Paul A. Maleh sold a total of 7,500 shares of CRA International (CRAI) common stock on June 3, 2026.
- The sales were executed in four tranches at weighted average prices ranging from $134.4754 to $142.1699 per share.
- Following these transactions, the reporting person retains beneficial ownership of 111,050 shares of common stock.
- The transactions were conducted under a Rule 10b5-1 trading plan adopted on November 19, 2025.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was executed under a pre-existing, automated trading plan and does not indicate a change in corporate strategy.
Positives
- The sale was conducted via a pre-planned Rule 10b5-1 trading plan, which is a standard mechanism for executives to sell stock without triggering insider trading concerns.
Negatives
- The transaction represents a reduction in the CEO's direct equity stake in the company.
Risks
- Executive stock sales can sometimes be perceived negatively by the market as a signal of management's view on current valuation.
Future Outlook
No specific forward-looking guidance regarding company operations was provided in this filing.
Industry Context
StockSavvy.ai notes that executive divestment via 10b5-1 plans is a routine corporate governance practice and generally does not reflect a change in the company's fundamental business outlook.
Comparison to Industry Standards
- The use of Rule 10b5-1 plans is the industry standard for executives at publicly traded consulting firms to manage personal liquidity while maintaining regulatory compliance.
Stakeholder Impact
- Shareholders should note the reduction in insider holdings, though the use of a 10b5-1 plan mitigates concerns regarding non-public information.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 2025-11-19 | Date the Rule 10b5-1 trading plan was adopted. |
| 2026-06-03 | Date of the stock sale transactions. |
| 2026-06-05 | Date the Form 4 was signed and filed. |
Keywords
CRAI, CRA International, Insider Trading, Form 4, Paul Maleh, Stock Sale, Rule 10b5-1
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