Holmes Chad M, executive vice president and chief corporate development officer at CRA International, has filed 39 Form 4s for the company’s ticker, CRAI. The aggregate picture is squarely compensation-driven: there are no open-market purchases (total buy value: $0) and no open-market sales. The only monetary sell-side activity consists of "D" transactions—sales back to the issuer—totaling $19,166.67 across the filing period. That sum is modest, and the absence of "P" or "S" codes means Mr. Holmes has not signaled any discretionary conviction in the stock through his own wallet.
The recent filings reinforce this pattern. The most recent entries, dated June 12, 2026, are six "A" grants valued at $0—compensation awards rather than purchases. In the months prior, his activity followed a routine equity-compensation cycle: option exercises ("M," with $0 reported value) paired with "F" withholdings for tax and "D" sales to cover obligations. For example, on March 10, 2026, an exercise came with a $5,130.05 "D" sale and a $51,375 "F" withholding; on April 11, two such paired sets occurred, with "D" values of $3,725.01 and $2,118.39 alongside much larger "F" withholdings. Similar, smaller pairs appeared on April 29 and May 20.
Overall, the trading bias is neither bullish nor bearish—it is mechanical. Mr. Holmes has not bought CRAI shares on the open market in the covered period, and his dispositions are limited to tenders back to the issuer and tax-related withholdings that accompany equity vesting. The recent direction, with a cluster of zero-value grants in June 2026, points to ongoing compensation accumulation rather than any change in ownership strategy.
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