CorVel (CRVL) CEO Michael Combs sells 21,000 shares in open-market trades

Rhea-AI Filing Summary

CorVel Corp’s CEO and President Michael G. Combs reported three open-market sales of Common Stock. He sold 7,000 shares on each of June 9, June 10, and June 11, for a total of 21,000 shares. After these transactions, he directly holds 12,822 shares of Common Stock.

Insights

Insider trading analyst

CEO executed three open-market sales totaling 21,000 shares, retaining 12,822 shares.

CEO and President Michael G. Combs reported three open-market sales of CorVel Common Stock, each for 7,000 shares, over consecutive days. Transaction codes are S, indicating discretionary sales rather than option exercises or tax withholdings.

Across the three days, Combs sold 21,000 shares and now directly owns 12,822 shares. Based on this filing alone, the transactions appear as straightforward sales with no related derivative exercises and no disclosed Rule 10b5-1 trading plan context.

The filing shows no remaining derivative positions, which means these trades solely reduced his direct Common Stock holdings. Future company filings may provide additional context on his broader compensation mix or any subsequent trades.

Insider Trade Summary 10b5-1

Net Seller: 21,000 shares ($1,279,739)

Net Sell 3 txns

Insider Combs Michael G

Role CEO & President

Sold 21,000 shs ($1.28M)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,000	$60.5457	$424K
Sale	Common Stock	7,000	$61.3751	$430K
Sale	Common Stock	7,000	$60.899	$426K

Holdings After Transaction: Common Stock — 12,822 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold June 9, 2026: 7,000 shares at $60.8990 Shares sold June 10, 2026: 7,000 shares at $61.3751 Shares sold June 11, 2026: 7,000 shares at $60.5457 +2 more

5 metrics

Shares sold June 9, 2026 7,000 shares at $60.8990 Open-market sale of Common Stock, code S

Shares sold June 10, 2026 7,000 shares at $61.3751 Open-market sale of Common Stock, code S

Shares sold June 11, 2026 7,000 shares at $60.5457 Open-market sale of Common Stock, code S

Total shares sold 21,000 shares Three consecutive open-market sales

Shares held after transactions 12,822 shares Direct Common Stock ownership following June 11, 2026 sale

Key Terms

open-market sale, Common Stock, Form 4, CEO & President, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for each Common Stock transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title: "Common Stock" for all reported transactions"

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 regulatory

"INSIDER FILING DATA (Form 4) describing insider transactions"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

CEO & President financial

"officer_title: "CEO & President" for Michael G. Combs"

beneficially owned following transaction financial

"total_shares_following_transaction shows shares beneficially owned after each sale"

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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).

X

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)
06/09/2026

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	06/09/2026		S		7,000	D	$60.899	26,822	D
Common Stock	06/10/2026		S		7,000	D	$61.3751	19,822	D
Common Stock	06/11/2026		S		7,000	D	$60.5457	12,822	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:

	By: Sharon O'Connor For: Michael Combs	06/11/2026
	** 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 transactions did CRVL’s CEO Michael G. Combs report?

Michael G. Combs reported three open-market sales of CorVel Common Stock. He sold 7,000 shares on each of June 9, June 10, and June 11, 2026, all coded as open-market transactions (code S) in the Form 4 filing.

How many CorVel (CRVL) shares did the CEO sell in total?

The CEO sold a total of 21,000 CorVel Common Stock shares. This came from three separate open-market sales of 7,000 shares each on consecutive days, as disclosed in the Form 4 insider trading report filed with the SEC.

What CorVel (CRVL) share prices were reported for the CEO’s sales?

The reported sale prices averaged around the low $60s per share. Individual transactions were at $60.8990, $61.3751, and $60.5457 per share, reflecting the actual prices received in each open-market sale disclosed in the Form 4.

How many CorVel (CRVL) shares does the CEO hold after these sales?

After the reported transactions, Michael G. Combs directly holds 12,822 CorVel Common Stock shares. This figure appears in the Form 4 as the total shares beneficially owned following the final open-market sale on June 11, 2026.

Were any options or derivatives involved in the CRVL CEO’s Form 4 filing?

No derivative transactions are shown in this Form 4. All reported trades are non-derivative Common Stock sales coded as S, and the derivative summary is empty, indicating no option exercises, conversions, or other derivative activities in this particular filing.

Does the CorVel (CRVL) Form 4 mention a Rule 10b5-1 trading plan?

The provided Form 4 data does not show any footnote text referencing a Rule 10b5-1 trading plan. The sales are simply reported as open-market transactions, without additional disclosure about pre-arranged trading arrangements in the excerpted information.