CorVel director granted 1,500 stock options

CorVel Corp director R. Judd Jessup received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026.

Rhea-AI Filing Summary

CorVel Corp director R. Judd Jessup received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026. The options have an exercise price of $62.45 per share, expire on August 6, 2036, and are exercisable in four equal annual installments starting 12 months after the grant.

Insider Trade Summary

Grant/Award: 1,500 shares

Grant/Award 1 txn

Insider JESSUP R JUDD

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy) F1	1,500	$0.00	$0.00

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 1,500 contracts (Direct)

Footnotes (1)

1. F1. Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.

Key Figures

Options granted: 1,500 options Exercise price: $62.45 per share Expiration date: August 6, 2036 +2 more

5 metrics

Options granted 1,500 options Non-Qualified Stock Options granted to R. Judd Jessup on August 6, 2026

Exercise price $62.45 per share Exercise price of the Non-Qualified Stock Option grant

Expiration date August 6, 2036 Option expiration for the 1,500 Non-Qualified Stock Options

Post-grant holdings (this award) 1,500 options Total Non-Qualified Stock Options from this grant held directly after transaction

Vesting schedule 4 equal annual installments Exercisable in four equal and successive annual installments starting 12 months after grant

Key Terms

Non-Qualified Stock Option, exercise price, exercisable

3 terms

Non-Qualified Stock Option financial

"Security titled "Non-Qualified Stock Option (right to buy)" with 1,500 shares"

A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.

exercise price financial

"Options carry a conversion or exercise price of $62.45 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

exercisable financial

"Exercisable in a series of 4 equal and successive annual installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stock option grant did CORVEL CORP (CRVL) director R. Judd Jessup receive?

R. Judd Jessup received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026. Each option relates to one share of CorVel common stock and represents a new equity award, not a market purchase or sale.

What is the exercise price of the new CRVL options granted to R. Judd Jessup?

The options granted to R. Judd Jessup have an exercise price of $62.45 per share. This is the fixed price at which he may buy CorVel common stock upon exercise, subject to vesting and before the options expire.

When do R. Judd Jessup’s new CRVL stock options vest?

The options are exercisable in four equal annual installments beginning 12 months after the August 6, 2026 grant date. This means 25% of the options vest each year over four years, assuming continued eligibility under the award terms.

When do the CRVL stock options granted to R. Judd Jessup expire?

The options granted to R. Judd Jessup expire on August 6, 2036. After this expiration date, any unexercised options become invalid and can no longer be used to purchase CorVel common shares at the $62.45 exercise price.

How many CRVL options does R. Judd Jessup hold after this grant?

Following this award, R. Judd Jessup holds 1,500 Non-Qualified Stock Options from this specific grant. These options are held directly and are subject to the four-year vesting schedule and the August 6, 2036 expiration date disclosed in the award terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/10/2026 - 04:45 PM EDT Learn about SEC filing dates

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

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

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)	$62.45	08/06/2026		A		1,500		(1)	08/06/2036	Common Stock	1,500	$0.0	1,500	D

Explanation of Responses:

1. 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 Jessup	08/10/2026
	** 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)