CorVel (CRVL) Form 144: 12,000-Share Sale via Morgan Stanley Disclosed

Rhea-AI Filing Summary

Form 144 notice for CorVel Corporation (CRVL): An insider has notified intent to sell 12,000 shares of Common stock through Morgan Stanley Smith Barney LLC on NASDAQ with an approximate aggregate market value of $1,069,975.20 based on the filing. The filing reports 51,312,748 shares outstanding for the issuer.

The filing shows the 12,000 shares were acquired on 08/20/2025 via stock option exercise and payment was made in cash on 08/20/2025. The filer also sold 2,400 shares on 06/09/2025 for gross proceeds of $259,416.00. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider plans to sell 12,000 shares acquired by option exercise the same day; recent small sale also reported.

The Form 144 discloses a proposed sale executed through a broker on the Nasdaq. The shares to be sold were acquired by a stock option exercise and paid in cash on the stated acquisition date, which indicates a routine post-exercise disposition rather than a secondary issuance by the company. The filing documents a prior insider sale of 2,400 shares with reported gross proceeds, providing recent transactional context. For investors, this is a disclosure of insider liquidity activity; the filing does not present operational or financial company metrics.

Corporate Governance Specialist

TL;DR: Routine insider disclosure under Rule 144; includes required attestation about material nonpublic information.

The notice follows Rule 144 requirements by specifying broker, number of shares, acquisition method, payment type, and recent sales by the same person. It contains the customary signer representation that no undisclosed material adverse information exists. This filing is administrative and procedural in nature and does not, by itself, signal changes in corporate governance or strategy.

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

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	12000	1069975.20	51312748	08/20/2025	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	08/20/2025	Stock Option Exercise	Issuer			12000	08/20/2025	Cash

* 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
MAXIM SHISHIN 5128 Apache Plume Road Suite 400 Fort Worth TX 76109	Common	06/09/2025	2400	259416.00

144: Remarks and Signature

Remarks

Date of Notice

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 insider sale is disclosed in the CRVL Form 144 filing?

The filing discloses a proposed sale of 12,000 shares of Common stock through Morgan Stanley Smith Barney LLC on 08/20/2025 with an aggregate market value of $1,069,975.20.

How were the 12,000 CRVL shares acquired according to the filing?

The shares were acquired by stock option exercise on 08/20/2025 and payment was made in cash on that date.

Does the filing report any recent sales by the same person?

Yes, the filing reports a sale of 2,400 shares on 06/09/2025 generating gross proceeds of $259,416.00 by the named seller.

Through which broker will the proposed CRVL sale be executed?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC, with execution listed on the NASDAQ.

Does the filer assert possession of any undisclosed material information?

By signing the Form 144, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.