Form 4: CRAI CEO Sells Shares Under 10b5-1 Plan

CRA International's President and CEO, Paul A Maleh, sold 7,500 shares of common stock on December 3, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Paul A Maleh, President and CEO, and a Director of CRA International, Inc. (CRAI), reported sales of common stock.
• A total of 7,500 shares were sold on December 3, 2025, across multiple transactions.
• The sales were executed at weighted average prices ranging from $178.78 to $184.8653 per share.
• Following these transactions, Mr. Maleh directly beneficially owns 116,545 shares of CRA International common stock.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, it was conducted under a pre-arranged 10b5-1 plan, which mitigates concerns about opportunistic selling based on new information. It's a routine portfolio management activity.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by investors as it reduces management's direct equity stake in the company.

Industry Context

This is a routine insider transaction report and does not provide broader industry context. Such filings are common for executives managing their personal portfolios.

Stakeholder Impact

• Shareholders: May observe a slight reduction in direct insider ownership, but the 10b5-1 plan context suggests a pre-planned, non-event-driven sale.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled sale of shares by the CEO under a 10b5-1 plan. Such transactions are typically for personal financial planning and do not reflect a change in the company's fundamentals or management's outlook. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

CRA International, CRAI, Paul A Maleh, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO, Director