CorVel (CRVL) CFO receives grant of 6,000 non-qualified stock options

Rhea-AI Filing Summary

CorVel Corp's Chief Financial Officer, Brian S. Nichols, received a grant of stock options, giving him the right to buy 6,000 shares of the company’s stock. The options were awarded at an exercise price of $0.00 per share, reflecting a compensatory grant rather than a market purchase.

According to the vesting terms, 25% of the options become exercisable one year after the grant date, with the remaining options vesting in 36 equal monthly installments thereafter. After this grant, Nichols holds stock options for a total of 6,000 shares in his direct ownership.

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

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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^*

Nichols Brian S.

(Last) (First) (Middle)

C/O CORVEL CORPORATION

5128 APACHE PLUME ROAD, SUITE 400

(Street)

FORT WORTH TX 76109

(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)
	Chief Financial Officer

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)	03/04/2026	Common Stock	6,000	$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.

	/s/ Sharon O'Connor, Attorney-in-Fact for Brian Nichols	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).
** 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.

FAQ

What insider transaction did CorVel (CRVL) report for Brian S. Nichols?

CorVel reported that CFO Brian S. Nichols received a grant of 6,000 non-qualified stock options. These options give him the right to buy company shares and represent equity-based compensation rather than an open-market stock purchase.

How many CorVel (CRVL) options were granted to the CFO in this Form 4?

The Form 4 shows a grant of 6,000 non-qualified stock options to CorVel’s Chief Financial Officer. Following this award, his direct holdings in this option grant total 6,000 options linked to the company’s common stock.

What is the exercise price of the new CorVel (CRVL) options granted to the CFO?

The granted non-qualified stock options have an exercise price of $0.00 per share. This indicates a compensatory award structure where the CFO can acquire shares under the terms of the option plan rather than paying a market-based exercise price.

How do the new CorVel (CRVL) CFO stock options vest over time?

The options vest gradually: 25% become exercisable one year after the grant date, and the remaining 75% vest in 36 equal monthly installments. This schedule encourages longer-term tenure and alignment with the company’s performance.

Is the CorVel (CRVL) CFO’s Form 4 transaction a purchase or an award?

The Form 4 reflects an award of non-qualified stock options, not an open-market share purchase. It is coded as a grant or other acquisition, providing the CFO rights to buy shares subject to the vesting terms described in the filing.