CRA International (CRAI) files Form 144 for 4,800-share sale via Baird

Rhea-AI Filing Summary

CRA International filed a Form 144 indicating a proposed sale of 4,800 shares of common stock to be sold through Robert W. Baird on Nasdaq with an approximate sale date of 08/08/2025. The filing lists an aggregate market value of $891,575.04 and 6,583,794 shares outstanding, implying a per-share value near $185.75. The number to be sold equals the total of disclosed vested awards.

The securities to be sold were acquired via RSU and PRSU vesting on 03/10/2025, 04/11/2025, 04/29/2025 and earlier dates totaling 4,800 shares. The filing also reports two recent sales by Paul A. Maleh—5,200 shares on 08/07/2025 for $973,222.64 and 7,500 shares on 05/20/2025 for $1,429,655.25. The form does not explicitly identify the person for whose account the current 4,800-share sale is being reported.

Positive

• Clear transaction details: Filing specifies 4,800 shares, $891,575.04 aggregate value, broker (Robert W. Baird), and planned sale date (08/08/2025).
• Acquisition source disclosed: All 4,800 shares are traced to RSU/PRSU vesting dates that sum to the amount offered for sale.

Negative

• Seller identity not explicit: The form does not fill the "person for whose account" field for the current 4,800-share sale.
• Recent insider selling activity: The filing lists two sales by Paul A. Maleh totaling 12,700 shares in the past three months for combined gross proceeds of $2,402,877.89.

Insights

Securities Analyst

TL;DR: A routine Rule 144 notice for 4,800 shares; size is immaterial versus outstanding shares and unlikely to be market-moving.

The filing discloses a proposed sale of 4,800 common shares valued at $891,575.04. Relative to the reported 6,583,794 shares outstanding, the position represents approximately 0.073% of the float, indicating a de minimis ownership percentage. The shares were acquired through RSU/PRSU vesting, and the sale is routed through a registered broker, Robert W. Baird. Given the small proportional size and the disclosed acquisition source, this notice is informational and likely neutral for valuation.

Corporate Governance Expert

TL;DR: Disclosure of grant dates and broker is thorough, but the filer did not clearly name the account holder for the proposed sale.

The form provides detailed vesting dates and quantities that sum to the 4,800 shares to be sold, and lists recent sales by Paul A. Maleh. However, the specific field for "Name of Person for Whose Account the Securities are To Be Sold" is not completed in the filing summary, which reduces clarity about who is executing the current sale. Procedurally, the filing meets Rule 144 content requirements but leaves an identification gap that investors tracking insider activity may note.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Robert W. Baird 777 E. Wisconsin Avenue Milwaukee WI 53202	4800	891575.04	6583794	08/08/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/10/2025	RSU Vesting	CRA International, Inc.			434	03/10/2025	Compensation
Common	03/10/2025	PRSU Vesting	CRA International, Inc.			1393	03/10/2025	Compensation
Common	04/11/2025	RSU Vesting	CRA International, Inc.			776	04/11/2025	Compensation
Common	04/29/2025	RSU Vesting	CRA International, Inc.			731	04/29/2025	Compensation
Common	03/12/2018	PRSU Vesting	CRA International, Inc.			1466	03/12/2018	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Paul A. Maleh 200 Clarendon Street Boston MA 02116	Common	08/07/2025	5200	973222.64
Paul A. Maleh 200 Clarendon Street Boston MA 02116	Common	05/20/2025	7500	1429655.25

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does CRAI's Form 144 report?

The filing reports a proposed sale of 4,800 common shares through Robert W. Baird on Nasdaq, with aggregate value $891,575.04 and an approximate sale date of 08/08/2025.

How were the 4,800 CRAI shares acquired?

All 4,800 shares were disclosed as acquired through RSU and PRSU vesting on 03/10/2025, 04/11/2025, 04/29/2025 and earlier dates (including 03/12/2018), totaling 4,800 shares.

Who sold CRAI shares in the past three months?

The filing lists two sales by Paul A. Maleh: 5,200 shares on 08/07/2025 for $973,222.64 and 7,500 shares on 05/20/2025 for $1,429,655.25.

What percentage of CRAI outstanding shares does the 4,800 represent?

Based on the filing's 6,583,794 shares outstanding, 4,800 shares represent approximately 0.073% of outstanding shares.

Does the filing name the person for whose account the proposed sale is made?

No. The filing does not explicitly complete the field naming the person for whose account the current 4,800-share sale is reported.