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, who identifies on the form as a director and as President and CEO of CRA International, Inc. (CRAI), reported multiple open-market sales of common stock on 08/07/2025 and 08/08/2025 totaling 10,000 shares. The transactions were executed in several tranches with the per-line weighted-average prices reported between $184.6954 and $188.4317; the filer states these per-line prices are weighted averages of multiple trades and offers to provide a transaction-level breakdown on request. Following these disposals the reporting person’s beneficial ownership is shown as 131,545 shares.

Paul A. Maleh, indicato nel modulo come direttore e come President and CEO di CRA International, Inc. (CRAI), ha comunicato più vendite sul mercato aperto di azioni ordinarie in data 08/07/2025 e 08/08/2025 per un totale di 10,000 azioni. Le operazioni sono state eseguite in più tranche con prezzi medi ponderati per riga riportati tra $184.6954 e $188.4317; il dichiarante precisa che tali prezzi per riga sono medie ponderate di più negoziazioni e si offre di fornire, su richiesta, il dettaglio a livello di singola transazione. Dopo queste cessioni la partecipazione beneficiaria della persona segnalata risulta pari a 131,545 azioni.

Paul A. Maleh, quien figura en el formulario como director y como President and CEO de CRA International, Inc. (CRAI), informó múltiples ventas en el mercado abierto de acciones ordinarias el 08/07/2025 y el 08/08/2025 por un total de 10,000 acciones. Las transacciones se ejecutaron en varios tramos con precios promedio ponderados por línea reportados entre $184.6954 y $188.4317; el declarante indica que dichos precios por línea son promedios ponderados de varias operaciones y se ofrece a proporcionar, a solicitud, el desglose a nivel de cada transacción. Tras estas disposiciones, la participación beneficiaria de la persona reportante figura como 131,545 acciones.

Paul A. Maleh은 서류� 이사 � CRA International, Inc. (CRAI)� President and CEO� 기재되어 있으�, 08/07/202508/08/2025� 걸쳐 � 10,000�� 보통주를 공개 시장에서 여러 차례 매도했다� 보고했습니다. 거래� 여러 트랜치로 실행되었으며, 라인� 가중평� 가격은 $184.6954에서 $188.4317 사이� 보고되었습니�; 신고인은 해당 라인� 가격이 여러 거래� 가중평균임� 밝히� 요청 � 거래� 내역� 제공하겠다고 했습니다. 이러� 처분 � 보고인의 실질 소유주식수는 131,545�� 표시됩니�.

Paul A. Maleh, qui se déclare sur le formulaire comme administrateur et President and CEO de CRA International, Inc. (CRAI), a déclaré plusieurs ventes sur le marché ouvert d'actions ordinaires les 08/07/2025 et 08/08/2025 pour un total de 10,000 actions. Les opérations ont été réalisées en plusieurs tranches, les prix moyens pondérés par ligne étant indiqués entre $184.6954 et $188.4317 ; le déclarant précise que ces prix par ligne sont des moyennes pondérées de plusieurs transactions et propose de fournir, sur demande, le détail au niveau de chaque transaction. Après ces cessions, la participation bénéficiaire de la personne déclarée est indiquée à 131,545 actions.

Paul A. Maleh, der im Formular als Direktor und als President and CEO von CRA International, Inc. (CRAI) angegeben ist, meldete mehrere Verkäufe von Stammaktien am offenen Markt am 08/07/2025 und 08/08/2025 mit einem Gesamtvolumen von 10,000 Aktien. Die Transaktionen wurden in mehreren Tranchen ausgeführt; die pro Zeile ausgewiesenen gewichteten Durchschnittspreise lagen zwischen $184.6954 und $188.4317. Der Meldende weist darauf hin, dass diese Zeilenpreise gewichtete Durchschnitte mehrerer Trades sind und bietet an, auf Anfrage eine transaktionsbezogene Aufschlüsselung bereitzustellen. Nach diesen Veräußerungen wird das wirtschaftliche Eigentum der meldenden Person mit 131,545 Aktien angegeben.

Positive
  • Full disclosure of quantities and weighted-average prices for each tranche is provided, with offer to supply transaction-level breakdowns on request
  • Reporting person identified with roles (Director and President & CEO), enabling clear governance context
Negative
  • Reporting person sold 10,000 shares, reducing beneficial ownership to 131,545 shares
  • Form does not indicate whether the sales were executed under a pre-arranged 10b5-1 trading plan

Insights

TL;DR: CEO executed 10,000-share open-market sales across two days; remaining beneficial ownership is 131,545 shares.

The Form 4 documents multiple sales on 08/07/2025 and 08/08/2025 totaling 10,000 shares, reported in several tranches with per-line weighted-average prices between $184.6954 and $188.4317. The filing records a sequential reduction in holdings that results in 131,545 shares beneficially owned. The form includes explanatory notes that the reported prices are weighted averages of multiple trades and offers to provide the breakdown on request. This is a routine insider transaction disclosure; the form does not itself explain the motive or whether sales were pre-arranged.

TL;DR: Insider sales by the company’s President & CEO are fully disclosed; form provides weighted-average pricing and an offer to supply trade-level detail.

The reporting person is identified as both a director and as President and CEO. The Form 4 lists several dispositions totaling 10,000 shares executed over two dates, with the filer providing weighted-average prices and range explanations for each tranche. After these dispositions the reported beneficial ownership stands at 131,545 shares. The filing is procedurally complete in disclosing quantities and average prices, but it does not indicate within the form whether the transactions were made under a pre-arranged trading plan.

Paul A. Maleh, indicato nel modulo come direttore e come President and CEO di CRA International, Inc. (CRAI), ha comunicato più vendite sul mercato aperto di azioni ordinarie in data 08/07/2025 e 08/08/2025 per un totale di 10,000 azioni. Le operazioni sono state eseguite in più tranche con prezzi medi ponderati per riga riportati tra $184.6954 e $188.4317; il dichiarante precisa che tali prezzi per riga sono medie ponderate di più negoziazioni e si offre di fornire, su richiesta, il dettaglio a livello di singola transazione. Dopo queste cessioni la partecipazione beneficiaria della persona segnalata risulta pari a 131,545 azioni.

Paul A. Maleh, quien figura en el formulario como director y como President and CEO de CRA International, Inc. (CRAI), informó múltiples ventas en el mercado abierto de acciones ordinarias el 08/07/2025 y el 08/08/2025 por un total de 10,000 acciones. Las transacciones se ejecutaron en varios tramos con precios promedio ponderados por línea reportados entre $184.6954 y $188.4317; el declarante indica que dichos precios por línea son promedios ponderados de varias operaciones y se ofrece a proporcionar, a solicitud, el desglose a nivel de cada transacción. Tras estas disposiciones, la participación beneficiaria de la persona reportante figura como 131,545 acciones.

Paul A. Maleh은 서류� 이사 � CRA International, Inc. (CRAI)� President and CEO� 기재되어 있으�, 08/07/202508/08/2025� 걸쳐 � 10,000�� 보통주를 공개 시장에서 여러 차례 매도했다� 보고했습니다. 거래� 여러 트랜치로 실행되었으며, 라인� 가중평� 가격은 $184.6954에서 $188.4317 사이� 보고되었습니�; 신고인은 해당 라인� 가격이 여러 거래� 가중평균임� 밝히� 요청 � 거래� 내역� 제공하겠다고 했습니다. 이러� 처분 � 보고인의 실질 소유주식수는 131,545�� 표시됩니�.

Paul A. Maleh, qui se déclare sur le formulaire comme administrateur et President and CEO de CRA International, Inc. (CRAI), a déclaré plusieurs ventes sur le marché ouvert d'actions ordinaires les 08/07/2025 et 08/08/2025 pour un total de 10,000 actions. Les opérations ont été réalisées en plusieurs tranches, les prix moyens pondérés par ligne étant indiqués entre $184.6954 et $188.4317 ; le déclarant précise que ces prix par ligne sont des moyennes pondérées de plusieurs transactions et propose de fournir, sur demande, le détail au niveau de chaque transaction. Après ces cessions, la participation bénéficiaire de la personne déclarée est indiquée à 131,545 actions.

Paul A. Maleh, der im Formular als Direktor und als President and CEO von CRA International, Inc. (CRAI) angegeben ist, meldete mehrere Verkäufe von Stammaktien am offenen Markt am 08/07/2025 und 08/08/2025 mit einem Gesamtvolumen von 10,000 Aktien. Die Transaktionen wurden in mehreren Tranchen ausgeführt; die pro Zeile ausgewiesenen gewichteten Durchschnittspreise lagen zwischen $184.6954 und $188.4317. Der Meldende weist darauf hin, dass diese Zeilenpreise gewichtete Durchschnitte mehrerer Trades sind und bietet an, auf Anfrage eine transaktionsbezogene Aufschlüsselung bereitzustellen. Nach diesen Veräußerungen wird das wirtschaftliche Eigentum der meldenden Person mit 131,545 Aktien angegeben.

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).
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)
08/07/2025
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 08/07/2025 S 3,000 D $186.6978(1) 138,545 D
Common Stock 08/07/2025 S 1,600 D $187.5438(2) 136,945 D
Common Stock 08/07/2025 S 600 D $188.4317(3) 136,345 D
Common Stock 08/08/2025 S 1,128 D $184.6954(4) 135,217 D
Common Stock 08/08/2025 S 2,903 D $185.787(5) 132,314 D
Common Stock 08/08/2025 S 286 D $186.6463(6) 132,028 D
Common Stock 08/08/2025 S 483 D $187.4076(7) 131,545 D
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 $186.1125 to $187.015, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $186.155 to $188.10, 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.
3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $188.17 to $188.90, 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 $184.20 to $185.09, 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 $185.215 to $186.915, 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 $186.20 to $187.10, 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 $187.23 to $188.055, 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 08/11/2025
** 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 insider transactions did CRAI report by Paul A. Maleh?

The Form 4 reports multiple open-market sales by Paul A. Maleh on 08/07/2025 and 08/08/2025 totaling 10,000 shares.

How many CRAI shares does Paul Maleh own after these transactions?

Following the reported sales, the filing shows Paul Maleh’s beneficial ownership as 131,545 shares.

At what prices were the CRAI shares sold?

Per-line weighted-average prices are reported between $184.6954 and $188.4317; the filer notes these are weighted averages of multiple trades and provides ranges in the explanations.

Does the Form 4 indicate the sales were part of a 10b5-1 plan?

The form includes the checkbox language for 10b5-1 plans but does not indicate within the filing that the transactions were made pursuant to a 10b5-1 plan.

What roles does Paul A. Maleh hold at CRA International (CRAI)?

He is identified on the form as a Director and as President and CEO of CRA International, Inc.
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