CorVel (NASDAQ: CRVL) CEO gains 62 ESPP shares, holds 40,822 total

Rhea-AI Filing Summary

CORVEL CORP CEO Michael G. Combs acquired 62 shares of common stock on an award basis at $51.9175 per share. The shares were obtained under the company’s Employee Stock Purchase Plan in a transaction exempt under SEC Rule 16b-3(c). Following this grant, he directly holds 40,822 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Combs Michael G

Role CEO & President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	62	$51.9175	$3K

Holdings After Transaction: Common Stock — 40,822 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 62 shares Award price: $51.9175 per share Shares held after: 40,822 shares

3 metrics

Shares acquired 62 shares Common Stock grant on 2026-03-31

Award price $51.9175 per share Employee Stock Purchase Plan acquisition

Shares held after 40,822 shares Direct ownership following the transaction

Key Terms

Employee Stock Purchase Plan, SEC Rule 16b-3 (c), Common Stock

3 terms

Employee Stock Purchase Plan financial

"Shares acquired under the Issuer's Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

SEC Rule 16b-3 (c) regulatory

"in a transaction exempt under SEC Rule 16b-3 (c)"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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

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^*

Combs Michael G

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		A		62	A	$51.9175	40,822(1)	D

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

Explanation of Responses:

1. Shares acquired under the Issuer's Employee Stock Purchase Plan in a transaction exempt under SEC Rule 16b-3 (c)

	By: Sharon O'Connor For: Michael Combs	04/02/2026
	** 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).
** 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)

FAQ

What insider transaction did CORVEL CORP (CRVL) report for Michael G. Combs?

CORVEL CORP reported that CEO and President Michael G. Combs acquired 62 shares of common stock. The acquisition was a grant under the Employee Stock Purchase Plan, rather than an open-market purchase, and is classified as a compensation-related award.

At what price were the new CRVL shares acquired by the CEO?

The 62 shares of CORVEL CORP common stock were acquired at $51.9175 per share. This price reflects the value used for the Employee Stock Purchase Plan transaction and is disclosed explicitly in the insider trading report for this award.

How many CORVEL CORP (CRVL) shares does Michael G. Combs hold after this transaction?

After this award, Michael G. Combs directly holds 40,822 shares of CORVEL CORP common stock. This total reflects his position immediately following the 62-share acquisition under the Employee Stock Purchase Plan described in the Form 4 filing.

What was the nature of Michael G. Combs’ CRVL share acquisition?

The transaction is categorized as a grant, award, or other acquisition, not an open-market buy. Shares were acquired through CORVEL CORP’s Employee Stock Purchase Plan, and the filing notes the transaction is exempt under SEC Rule 16b-3(c), indicating a standard compensation-related event.

Is the CRVL CEO’s share acquisition considered a routine compensation event?

Yes. The Form 4 states the 62 shares were acquired under CORVEL CORP’s Employee Stock Purchase Plan in a Rule 16b-3(c) exempt transaction. This indicates a routine, plan-based compensation award rather than a discretionary market trade by the CEO.