CRA International (CRAI) EVP updates holdings with RSU grants and retains stock options

Rhea-AI Filing Summary

Yellin Jonathan D reported acquisition or exercise transactions in this Form 4 filing.

CRA International EVP and General Counsel Jonathan D. Yellin reported routine equity compensation updates. He received six small grants of restricted stock units (RSUs), including awards with balances such as 1,401.2884, 1,093.7756 and 677.3472 RSUs that vest between 2027 and later dates. The filing shows he now directly holds 13,403 shares of common stock and retains nonqualified stock options over 2,845 shares at $47.45 per share and 2,377 shares at $44.87 per share. The Form 4 reports no open-market purchases or sales, only grants and updated holdings.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Yellin Jonathan D

Role EVP AND GENERAL COUNSEL

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5.288	$0.00	--
Grant/Award	Restricted Stock Units	1.202	$0.00	--
Grant/Award	Restricted Stock Units	2.109	$0.00	--
Grant/Award	Restricted Stock Units	2.219	$0.00	--
Grant/Award	Restricted Stock Units	4.128	$0.00	--
Grant/Award	Restricted Stock Units	2.556	$0.00	--
holding	Nonqualified Stock Option (right to buy)	--	--	--
holding	Nonqualified Stock Option (right to buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 1,401.288 shares (Direct, null); Nonqualified Stock Option (right to buy) — 2,377 shares (Direct, null); Common Stock — 13,403 shares (Direct, null)

Footnotes (1)

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. The RSUs, which include an aggregate of 5.2884 Dividend Units, vest in four equal annual installments beginning on April 9, 2027. The RSUs, which include an aggregate of 12.4447 Dividend Units, vest on April 11, 2027. The RSUs, which include an aggregate of 21.8397 Dividend Units, vest on April 11, 2027. The RSUs, which include an aggregate of 14.9261 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. The RSUs, which include an aggregate of 27.7756 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. The RSUs, which include an aggregate of 10.3472 Dividend Units, vest in three equal annual installments beginning on May 20, 2027. Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.

Key Figures

Common shares held: 13,403 shares Option strike price 1: $47.45/share Option strike price 2: $44.87/share +5 more

8 metrics

Common shares held 13,403 shares Direct common stock ownership following reported transactions

Option strike price 1 $47.45/share Nonqualified stock option over 2,845 underlying shares, expiring Dec 6, 2028

Option strike price 2 $44.87/share Nonqualified stock option over 2,377 underlying shares, expiring Dec 18, 2027

Underlying option shares 1 2,845 shares Underlying common shares for nonqualified stock option at $47.45 exercise price

Underlying option shares 2 2,377 shares Underlying common shares for nonqualified stock option at $44.87 exercise price

RSU balance example 1 1,401.2884 units Restricted stock units including 5.2884 dividend units, vesting in installments from Apr 9, 2027

RSU balance example 2 1,093.7756 units Restricted stock units including 27.7756 dividend units, vesting in installments from Apr 29, 2027

RSU balance example 3 677.3472 units Restricted stock units including 10.3472 dividend units, vesting in installments from May 20, 2027

Key Terms

Restricted Stock Units, Dividend Units, Nonqualified Stock Option, dividend equivalent rights, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dividend Units financial

"Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units") when and as dividends are paid"

Nonqualified Stock Option financial

"Nonqualified Stock Option (right to buy) ... Option vests in four equal annual installments beginning on the first anniversary"

dividend equivalent rights financial

"Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

contingent right financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/16/2026 - 06:05 PM Accepted by SEC EDGAR 06/16/2026 - 06:05 PM Learn about SEC filing dates

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^*

Yellin Jonathan D

(Last) (First) (Middle)

200 CLARENDON STREET

(Street)

BOSTON MASSACHUSETTS 02116

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								13,403	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)	06/12/2026		A		5.2884		(2)	(2)	Common Stock	5.2884	$0	1,401.2884	D
Restricted Stock Units	(1)	06/12/2026		A		1.2018		(3)	(3)	Common Stock	1.2018	$0	318.4447	D
Restricted Stock Units	(1)	06/12/2026		A		2.109		(4)	(4)	Common Stock	2.109	$0	558.8397	D
Restricted Stock Units	(1)	06/12/2026		A		2.2187		(5)	(5)	Common Stock	2.2187	$0	587.9261	D
Restricted Stock Units	(1)	06/12/2026		A		4.1278		(6)	(6)	Common Stock	4.1278	$0	1,093.7756	D
Restricted Stock Units	(1)	06/12/2026		A		2.5562		(7)	(7)	Common Stock	2.5562	$0	677.3472	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 5.2884 Dividend Units, vest in four equal annual installments beginning on April 9, 2027.

3. The RSUs, which include an aggregate of 12.4447 Dividend Units, vest on April 11, 2027.

4. The RSUs, which include an aggregate of 21.8397 Dividend Units, vest on April 11, 2027.

5. The RSUs, which include an aggregate of 14.9261 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.

6. The RSUs, which include an aggregate of 27.7756 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.

7. The RSUs, which include an aggregate of 10.3472 Dividend Units, vest in three equal annual installments beginning on May 20, 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	06/16/2026
	** 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)

FAQ

What did CRA International (CRAI) report in Jonathan Yellin’s latest Form 4?

CRA International reported equity compensation updates for Jonathan D. Yellin. The filing shows several small restricted stock unit grants, updated RSU balances, continued holdings of common stock, and existing stock options. It does not report any open-market share purchases or sales.

Did CRA International EVP Jonathan Yellin buy or sell CRAI shares in this Form 4?

The Form 4 shows no open-market buys or sells by Jonathan Yellin. Instead, it records grants of restricted stock units and reflects his post-transaction holdings of common stock and stock options, indicating routine compensation-related activity rather than discretionary trading.

How many CRA International common shares does Jonathan Yellin hold after these transactions?

Jonathan Yellin holds 13,403 CRA International common shares directly after the reported transactions. This figure reflects his updated ownership position following the RSU-related activity, with no change from open-market buying or selling disclosed in the Form 4.

What stock options does Jonathan Yellin retain according to the CRAI Form 4?

Yellin retains nonqualified stock options over 2,845 and 2,377 CRAI shares. These options have exercise prices of $47.45 and $44.87 per share, respectively, and expire in December 2028 and December 2027, providing potential future share acquisition rights.

How are Jonathan Yellin’s restricted stock units structured at CRA International?

Each RSU represents a contingent right to receive one CRAI share or cash. RSUs, including associated dividend units, vest on specified future dates beginning in 2027. Vested RSUs are settled in cash, shares, or a combination, subject to applicable tax withholding.

What are dividend units in Jonathan Yellin’s CRAI restricted stock unit awards?

Dividend units are additional RSUs credited when CRAI pays dividends. They accrue on unvested RSUs as dividend equivalent rights and vest on the same dates and in the same proportions as the underlying RSUs, increasing the total RSU balances reported for each award.