Form 4: CRA International EVP Sells Shares Under 10b5-1 Plan
Insider Transaction Report
CRA International's EVP and General Counsel, Jonathan D. Yellin, sold 1,750 shares of common stock on November 20, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Jonathan D. Yellin, Executive Vice President and General Counsel of CRA International, Inc. (CRAI), reported the sale of common stock.
- A total of 1,750 shares were sold on November 20, 2025, across four separate transactions.
- The sales were executed at weighted average prices ranging from $174.1586 to $176.3925 per share.
- These transactions were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Yellin on August 8, 2024.
- Following these transactions, Mr. Yellin beneficially owns 15,573 shares of CRA International common stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral. The sale of shares by an executive, while reducing insider ownership, was conducted under a pre-arranged 10b5-1 trading plan, which is a common practice for personal financial planning and does not typically indicate a change in the company's fundamental prospects.
Positives
- The transactions were executed under a Rule 10b5-1 trading plan, which indicates pre-planned sales for personal financial management and enhances transparency regarding insider transactions.
Negatives
- The sale of shares by an executive reduces their direct ownership stake in the company, which some investors may view as a minor negative, although mitigated by the 10b5-1 plan.
Risks
- No specific risks are detailed in this Form 4 filing beyond the general market perception of insider selling, which can sometimes be interpreted negatively by investors.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Management Comments
- 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.
Industry Context
This insider transaction report is specific to CRA International and its executive, Jonathan D. Yellin, and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Adoption | The reporting person adopted a Rule 10b5-1 trading plan on August 8, 2024, which governs the reported sales. This plan allows insiders to sell shares at a predetermined time or price, providing an affirmative defense against insider trading allegations. | 08/08/2024 | Enhances transparency and reduces the perception of opportunistic insider trading, aligning with good corporate governance practices for executive stock transactions. |
Stakeholder Impact
- Shareholders: A minor reduction in executive ownership, but the pre-planned nature of the sale under a 10b5-1 plan generally mitigates concerns about executive confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Rule 10b5-1 trading plan adopted by the reporting person. |
| 11/20/2025 | Date of reported stock transactions (sales). |
| 11/24/2025 | Date the Form 4 was signed. |
Recommendation
holdThe filing reports a pre-scheduled sale of shares by an executive under a Rule 10b5-1 trading plan. This type of transaction is typically for personal financial planning and does not inherently signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this information.
Keywords
CRA International, CRAI, Insider Trading, Form 4, Stock Sale, Executive Compensation, 10b5-1 Plan, Jonathan D. Yellin
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