Richard Reiss has filed to sell 1,280 shares of Exponent, Inc. on November 3, 2026. This filing indicates a personal financial decision rather than any operational issues within the company. The move may reflect broader trends in the management consulting services industry, where executives are actively managing their stock holdings.

Background

Exponent, Inc., identified by the Central Index Key (CIK) 0000851520, operates in the management consulting services sector. The company is based in Menlo Park, California, and has a fiscal year ending on January 1. Reiss Richard is the reporting owner of the shares being sold.

What the Filing Says

The SEC filing reveals that Richard Reiss acquired the shares through restricted stock transactions. The filing states, "The aggregate market value of the shares to be sold is $110,643.20." This transaction is set against a backdrop of 47,546,084 shares outstanding for Exponent, Inc.

Impact

This sale may affect stakeholders in Exponent, Inc., including investors and employees who may be observing leadership actions closely. The management consulting services industry could also see similar actions from other executives as they navigate their financial strategies.

What's Next

The filing does not say what happens next.

Acquisition Details

Richard Reiss acquired the shares being sold through two separate restricted stock transactions. The first acquisition occurred on March 9, 2016, when he obtained 792 shares, and the second on March 12, 2025, when he acquired an additional 488 shares. Both transactions were made directly from the issuer, Exponent, Inc.

Broker Information

The sale will be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004. This firm will facilitate the transaction on the NASDAQ exchange.

Regulatory Compliance

This filing is made under SEC Rule 144, which allows for the sale of restricted and control securities under certain conditions. The filing indicates that Richard Reiss has not sold any securities in the past three months, as noted in the filing's 'nothing to report' flag.

Company Background

Exponent, Inc. is incorporated in Delaware and primarily operates in the management consulting services sector, specifically classified under the Standard Industrial Classification (SIC) code 8742. The company has a significant presence in Menlo Park, California, where it is headquartered.