CRA International, Inc. (CRAI) officer details RSUs, options insider holdings

Rhea-AI Filing Summary

CRA International, Inc. reported insider equity holdings for an officer serving as EVP and General Counsel. Following transactions dated December 12, 2025, the officer directly beneficially owns 15,573 shares of common stock.

The disclosure lists multiple restricted stock unit awards that vest on specific dates, including grants that vest on March 10, 2026 and others that vest in equal annual installments beginning on April 11, April 29, and May 20, 2026. These RSUs include additional dividend-equivalent units that are credited when dividends are paid on the company’s common stock.

The officer also holds nonqualified stock options to purchase 2,377 shares at $44.87 per share expiring on December 18, 2027, and 2,845 shares at $47.45 per share expiring on December 6, 2028.

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

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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^*

Yellin Jonathan D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP AND GENERAL COUNSEL

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

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								15,573	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
Restricted Stock Units	(1)	12/12/2025		A		1.1329		(2)	(2)	Common Stock	1.1329	$0	398.9839	D
Restricted Stock Units	(1)	12/12/2025		A		1.6295		(3)	(3)	Common Stock	1.6295	$0	573.8705	D
Restricted Stock Units	(1)	12/12/2025		A		1.7922		(4)	(4)	Common Stock	1.7922	$0	631.1779	D
Restricted Stock Units	(1)	12/12/2025		A		3.1474		(5)	(5)	Common Stock	3.1474	$0	1,108.4327	D
Restricted Stock Units	(1)	12/12/2025		A		2.4871		(6)	(6)	Common Stock	2.4871	$0	875.9206	D
Restricted Stock Units	(1)	12/12/2025		A		2.5445		(7)	(7)	Common Stock	2.5445	$0	896.1597	D
Nonqualified Stock Option (right to buy)	$44.87							12/18/2017(8)	12/18/2027	Common Stock	2,377		2,377	D
Nonqualified Stock Option (right to buy)	$47.45							12/06/2018(8)	12/06/2028	Common Stock	2,845		2,845	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock; vested RSUs are payable in the form of cash, shares of the Issuer's common stock or a combination thereof, except as otherwise indicated below. To the extent vested RSUs are paid in shares of the Issuer's common stock, such shares will be delivered to the reporting person as soon as possible after vesting, but in no event later than two and one-half months after the end of the year in which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units") when and as dividends are paid on the Issuer's common stock, and Dividend Units vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

2. The RSUs, which include an aggregate of 17.9839 Dividend Units, vest on March 10, 2026.

3. The RSUs, which include an aggregate of 25.8705 Dividend Units, vest on March 10, 2026.

4. The RSUs, which include an aggregate of 20.1779 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.

5. The RSUs, which include an aggregate of 35.4327 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.

6. The RSUs, which include an aggregate of 15.9206 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.

7. The RSUs, which include an aggregate of 7.1597 Dividend Units, vest in four equal annual installments beginning on May 20, 2026.

8. Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.

	Delia J. Makhlouta, by power of attorney	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What type of insider filing did CRA International, Inc. (CRAI) submit?

The company submitted a Form 4, which reports changes in the beneficial ownership of CRA International, Inc. equity securities by an insider subject to Section 16(a) of the Exchange Act.

What is the reporting person’s role at CRA International, Inc. (CRAI)?

The reporting person is identified as an officer of CRA International, Inc. with the title EVP and General Counsel.

How many CRA International, Inc. common shares does the officer own after the reported transactions?

After the reported activity on December 12, 2025, the officer beneficially owns 15,573 shares of common stock directly.

What restricted stock units (RSUs) are described in the CRAI Form 4?

The filing describes several restricted stock unit (RSU) positions, including RSUs that vest on March 10, 2026 and others that vest in equal annual installments beginning on April 11, 2026, April 29, 2026, and May 20, 2026. The RSUs include dividend-equivalent units that are added as dividends are paid.

How do dividend-equivalent rights work on the CRAI RSUs?

When CRA International, Inc. pays dividends on its common stock, dividend equivalent rights accrue on unvested RSUs as additional RSUs, called Dividend Units, which vest on the same dates and in the same proportions as the underlying RSUs.

What stock options does the officer hold according to this CRAI Form 4?

The officer holds nonqualified stock options to purchase 2,377 shares of common stock at $44.87 per share expiring on December 18, 2027, and options to purchase 2,845 shares at $47.45 per share expiring on December 6, 2028. These options vest in four equal annual installments beginning on the first anniversary of the grant date.