EVP AND GENERAL COUNSEL Yellin Jonathan D converted options into 225 shares, returned $384 worth of shares to the company (3 units at $148.01) and covered exercise/tax liability with 66 shares, increasing direct ownership by 1% to 13,403 units (SEC Form 4) (for tax liability)
$CRAI
Other Consumer Services
Consumer Discretionary
| 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 |
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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*
(Street)
(Country) | 2. Issuer Name and Ticker or Trading Symbol
CRA INTERNATIONAL, INC. [ CRAI ] | 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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| 2a. Foreign Trading Symbol
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| 3. Date of Earliest Transaction
(Month/Day/Year) 05/20/2026 | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| 4. If Amendment, Date of Original Filed
(Month/Day/Year) |
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 05/20/2026 | M | 224.5931 | A | (1) | 13,471.5931 | D | |||
| Common Stock | 05/20/2026 | D | 2.5931 | D | $148.01 | 13,469 | D | |||
| Common Stock | 05/20/2026 | F | 66 | D | $148.01 | 13,403 | D | |||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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) | 05/20/2026 | M | 224.5931 | (2) | (2) | Common Stock | 899.3841 | $0 | 674.791 | D | ||||
| Restricted Stock Units | (1) | (3) | (3) | Common Stock | 1,396 | 1,396 | D | ||||||||
| Restricted Stock Units | (1) | (4) | (4) | Common Stock | 317.2429 | 317.2429 | D | ||||||||
| Restricted Stock Units | (1) | (5) | (5) | Common Stock | 556.7307 | 556.7307 | D | ||||||||
| Restricted Stock Units | (1) | (6) | (6) | Common Stock | 585.7074 | 585.7074 | D | ||||||||
| Restricted Stock Units | (1) | (7) | (7) | Common Stock | 1,089.6478 | 1,089.6478 | 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 7.7910 Dividend Units, vest in three equal annual installments beginning on May 20, 2027. |
| 3. The RSUs vest in four equal annual installments beginning on April 9, 2027. |
| 4. The RSUs, which include an aggregate of 11.2429 Dividend Units, vest on April 11, 2027. |
| 5. The RSUs, which include an aggregate of 19.7307 Dividend Units, vest on April 11, 2027. |
| 6. The RSUs, which include an aggregate of 12.7074 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. |
| 7. The RSUs, which include an aggregate of 23.6478 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. |
| 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 | 05/22/2026 | |
| ** 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. | ||
| * Form 4: SEC 1474 (03-26) | ||