[144] Corvel Corp SEC Filing

Rhea-AI Filing Summary

Form 144 notice discloses a proposed sale of 70,000 shares of common stock through UBS Financial Services on 09/08/2025 with an aggregate market value of $6,402,200.00. The filing reports 51,312,748 shares outstanding for the class. The shares were acquired as founders' shares on 05/01/1991. The filer also reported a sale within the past three months of 40,000 common shares on 09/02/2025 for gross proceeds of $3,553,923.00. The form includes the standard seller representation that no material nonpublic information is known to the seller.

Positive

• Full regulatory disclosure of the proposed sale including broker, quantity, value, and sale date
• Previous sale reported (40,000 shares for $3,553,923), showing recent trading transparency

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice disclosing an affiliate-originated sale; modest relative size versus total outstanding shares.

The filing documents a proposed brokered sale of 70,000 common shares with an indicated market value of $6.4 million. Relative to the reported 51.31 million shares outstanding, the proposed sale represents approximately 0.14% of the class, suggesting limited direct dilution or market impact solely from this transaction. The filing also notes a recent sale of 40,000 shares generating $3.55 million in proceeds. As a Rule 144 notice, the disclosure meets regulatory transparency requirements but does not provide operational or financial performance data about the issuer.

Corporate Governance Expert

TL;DR: Routine insider/affiliate disposition under Rule 144; disclosure is compliance-focused rather than materially company-changing.

The document shows the seller holds founders' shares from 1991 and is using a broker to execute the sale, and it includes the customary attestation about absence of undisclosed material information. From a governance perspective, timely filing of Rule 144 notices preserves compliance and market transparency. The sizes disclosed (70,000 proposed; 40,000 previously sold) are small relative to total outstanding shares and therefore unlikely to trigger governance alarms or require additional corporate disclosures.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	UBS Financial Services Inc. 11 Madison Avenue 4th Floor New York NY 10010	70000	6402200.00	51312748	09/08/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/01/1991	Founders Shares	Issuer			70000	05/01/1991	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Corstar Holdings Inc. 2010 MAIN STREET Suite 1020 Irvine CA 92614	Common	09/02/2025	40000	3553923.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for CRVL/issuer disclose?

The form discloses a proposed sale of 70,000 common shares via UBS on 09/08/2025 with an aggregate market value of $6,402,200.00.

How many shares of the class are outstanding according to the filing?

The filing reports 51,312,748 shares outstanding for the class.

When were the shares being sold originally acquired?

The shares were acquired as founders' shares on 05/01/1991.

Has the filer sold shares recently?

Yes; the filing lists a sale of 40,000 common shares on 09/02/2025 with gross proceeds of $3,553,923.00.

Who is the broker handling the proposed sale?

The broker named is UBS Financial Services Inc., 11 Madison Avenue, 4th Floor, New York, NY 10010.