CorVel (CRVL) EVP awarded 6,000 non-qualified stock options in Form 4

Rhea-AI Filing Summary

Bertels Mark E. reported acquisition or exercise transactions in this Form 4 filing.

CorVel Corp executive Mark E. Bertels received a grant of 6,000 non-qualified stock options on March 4, 2026. These options give him the right to buy CorVel shares in the future as part of his compensation.

The options become exercisable as to 25% of the shares one year after the grant date, with the remaining 75% vesting in 36 equal monthly installments after that. Following this award, he holds 6,000 derivative securities directly.

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

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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^*

Bertels Mark E.

(Last) (First) (Middle)

5128 APACHE PLUME ROAD, SUITE 400

(Street)

FORT WORTH TX 75109

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CORVEL CORP [ CRVL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Risk Management Services

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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

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

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

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

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
Non-Qualified Stock Option (right to buy)	$53.08	03/04/2026		A		6,000		(1)	03/04/2031	Common Stock	6,000	$0.0	6,000	D

Explanation of Responses:

1. Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.

	By: Sharon O'Connor For: Mark Bertels	03/06/2026
	** 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).
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FAQ

What insider transaction did CorVel (CRVL) report for Mark E. Bertels?

CorVel (CRVL) reported that executive Mark E. Bertels received a grant of 6,000 non-qualified stock options on March 4, 2026. This derivative award increases his direct holdings to 6,000 option-based securities tied to CorVel shares.

What type of security was granted to the CorVel (CRVL) executive?

The CorVel (CRVL) executive received a non-qualified stock option award covering 6,000 derivative securities. These options provide the right to buy CorVel shares in the future, typically as part of long-term equity-based compensation for senior management.

How do the 6,000 stock options granted at CorVel (CRVL) vest?

The 6,000 stock options vest gradually. Twenty-five percent become exercisable one year after the March 4, 2026 grant date. The remaining 75% then vest in 36 equal monthly installments, creating a multi-year vesting schedule linked to continued service.

Did the CorVel (CRVL) executive buy or sell shares in this Form 4?

The Form 4 for CorVel (CRVL) shows an acquisition through a grant, not an open-market buy or sale. Mark E. Bertels received 6,000 non-qualified stock options as a compensation award, classified as an acquisition of derivative securities.

What is the ownership status after the CorVel (CRVL) option grant?

After the grant, Mark E. Bertels directly holds 6,000 derivative securities in CorVel (CRVL). These represent non-qualified stock options that may be exercised once vested, aligning his compensation with the company’s share performance over time.