Form 4: CRAI CEO Sells $1.86M in Stock Under 10b5-1 Plan

CRA International's President and CEO, Paul A. Maleh, sold 9,000 shares of common stock for approximately $1.86 million over two days in August 2025, as part of a pre-arranged trading plan.

Summary

• Paul A. Maleh, President and CEO, and a Director of CRA International, Inc. (CRAI), reported the sale of common stock.
• A total of 9,000 shares were sold across multiple transactions on August 7, 2025, and August 8, 2025.
• The sales were executed at weighted average prices ranging from $184.6954 to $188.4317 per share.
• The total value of the shares sold is approximately $1,864,975.64.
• Following these transactions, Paul A. Maleh directly beneficially owns 131,545 shares of CRA International, Inc. common stock.
• The transactions were made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can be perceived negatively, the explicit mention of a Rule 10b5-1 plan mitigates concerns that the sale is based on new, adverse information, making it a routine, pre-planned transaction.

Positives

• The stock sales were conducted under a Rule 10b5-1(c) plan, indicating they were pre-scheduled and not necessarily a reaction to new, negative information about the company.

Negatives

• Insider selling, even under a 10b5-1 plan, reduces the direct ownership stake of a key executive, which can sometimes be perceived as a lack of confidence by some investors.

Risks

• While executed under a 10b5-1 plan, significant insider selling could still be interpreted by the market as a signal, potentially leading to negative sentiment or downward pressure on the stock price if not fully understood.

Future Outlook

The filing is a Form 4, which reports insider transactions and does not typically contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide broader industry context or trends. Insider sales are common across industries, particularly when executives diversify their holdings or manage liquidity through pre-arranged plans.

Stakeholder Impact

• Shareholders: May observe a reduction in direct insider ownership, which could be interpreted differently depending on individual investment philosophies. The 10b5-1 plan helps clarify the nature of the sale.
• Employees: No direct impact indicated by this filing.

Key Dates

Keywords

CRA International, CRAI, Insider Trading, Form 4, Stock Sale, Paul A. Maleh, CEO, 10b5-1 Plan, Executive Compensation, Corporate Governance