HURN director sells 170 shares under 10b5-1 plan

Rhea-AI Filing Summary

Director Debra Zumwalt reported a sale of 170 shares of Huron Consulting Group Inc. (HURN) on 10/02/2025 at an average price of $146.92 per share. After the sale, the reporting person beneficially owned 26,639 shares directly.

The sale was executed automatically under a Rule 10b5-1 trading plan that the reporting person adopted on 05/16/2025, and the Form 4 filing indicates the transaction code "S" (sale). The report identifies the filer as a director and the transaction as a routine plan-based disposition rather than an ad hoc sale.

Positive

• Sale executed under a Rule 10b5-1 plan, which provides an affirmative defense and lowers concerns about opportunistic timing
• Small transaction size (170 shares) relative to post-sale ownership of 26,639 shares, limiting market impact

Negative

• Insider sale reported, which some investors may view negatively despite being plan-based
• Director remains a material shareholder, so any future larger disposals could be more impactful

Insights

Corporate Governance Expert

Director sale executed via a pre-established 10b5-1 plan, reducing signaling risk.

The sale of $146.92 per share for 170 shares was conducted under a Rule 10b5-1 plan adopted on 05/16/2025, which typically limits questions about opportunistic timing by insiders. Using a 10b5-1 plan is a common governance practice to create an affirmative defense against insider trading allegations.

Key dependencies include the plan's parameters and whether additional transactions under the same plan occur; investors can monitor subsequent Form 4s over the coming months for related activity.

Equity Markets Analyst

Transaction size is small relative to reported holdings; limited market impact.

The sale reduced direct holdings to 26,639 shares, so the disposed 170 shares represent a small fraction of the director's position. Such limited volume is unlikely to materially affect liquidity or signal a change in the director's view of the company.

Short-term attention should focus on any pattern of additional planned sales; absent a series of larger disposals, this single 10b5-1 sale is unlikely to shift investor valuation in the near term.

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).

X

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^*

Zumwalt Debra

(Last) (First) (Middle)

C/O HURON CONSULTING GROUP INC.

550 WEST VAN BUREN STREET

(Street)

CHICAGO IL 60607

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Huron Consulting Group Inc. [ HURN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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	10/02/2025		S		170(1)	D	$146.92	26,639	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 reported sale of 170 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2025.

Remarks:

	/s/ Hope Katz, Attorney-in-fact for Debra Zumwalt	10/06/2025
	** 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 did Debra Zumwalt (HURN) report on this Form 4?

The report shows a sale of 170 shares of Huron Consulting Group at $146.92 per share executed on 10/02/2025, leaving 26,639 shares beneficially owned.

Was the sale part of a trading plan for HURN insider Debra Zumwalt?

Yes. The sale was executed automatically under a Rule 10b5-1 trading plan adopted on 05/16/2025.

Does this Form 4 indicate a change in Zumwalt’s role at Huron (HURN)?

No. The filing lists the reporting person as a director and does not indicate any change in relationship or role.

How material is the sale to Zumwalt’s overall holdings?

The disposed 170 shares are a small portion of the remaining 26,639 shares, so the transaction appears immaterial to total holdings.

Should investors expect immediate market impact from this sale?

Unlikely. The transaction size is small and executed under a pre-established plan, so immediate market impact is expected to be minimal.