STOCK TITAN

CorVel (NASDAQ: CRVL) director exercises 9,000 options, delivers shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CorVel Corp director R. Judd Jessup exercised stock options and had shares withheld for taxes. On June 11, 2026, he exercised 9,000 shares of common stock at $14.44 per share through a non-qualified stock option that was set to expire on August 4, 2026. In connection with this exercise, 2,153 shares of common stock, valued at $60.79 per share, were delivered to cover the option exercise price and related tax liability. After these transactions, Jessup held 118,645 shares of CorVel common stock directly. The filing shows a routine compensation-related option exercise rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider JESSUP R JUDD
Role null
Type Security Shares Price Value
Exercise Non-Qualified Stock Option (right to buy) 9,000 $60.79 $547K
Exercise Common Stock 9,000 $14.44 $130K
Tax Withholding Common Stock 2,153 $60.79 $131K
Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 0 shares (Direct, null); Common Stock — 120,798 shares (Direct, null)
Footnotes (1)
  1. Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise. Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.
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SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
JESSUP R JUDD

(Last)(First)(Middle)
5128 APACHE PLUME ROAD, SUITE 400

(Street)
FORT WORTH TEXAS 75109

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CORVEL CORP [ CRVL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/11/2026M9,000A$14.44120,798D
Common Stock06/11/2026F(1)2,153D$60.79118,645D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy)$14.4406/11/2026M9,000 (2)08/04/2026Common Stock9,000$60.790D
Explanation of Responses:
1. Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
2. Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.
By: Sharon O'Connor For: Judd Jessup06/12/2026
** Signature of Reporting PersonDate
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)