[Form 4] CORVEL CORP Insider Trading Activity

Rhea-AI Filing Summary

Jennifer Yoss, Vice President of Accounting at CorVel Corp (CRVL), reported a purchase of 35 shares of CorVel common stock on 09/30/2025 at a price of $73.549 per share. The shares were acquired under the issuer's Employee Stock Purchase Plan in a transaction exempt under SEC Rule 16b-3(c). Following the purchase, Ms. Yoss beneficially owns 2,123 shares, held directly. The Form 4 was signed on behalf of the reporting person by Sharon O'Connor on 10/01/2025.

Positive

• Transaction clearly disclosed: Form 4 records the acquisition date, price, number of shares, ownership after transaction, and exemption rule.
• Use of ESPP exemption: Shares were acquired under the issuer's Employee Stock Purchase Plan and claimed exempt under Rule 16b-3(c).

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: A routine, Rule 16b-3 exempt ESPP acquisition by an officer; disclosure appears complete and procedural.

The Form 4 documents a small, non-derivative purchase of 35 shares by an officer under the company Employee Stock Purchase Plan. The filing cites the specific exemption under Rule 16b-3(c), which governs certain insider transactions tied to company benefit plans, and reports direct beneficial ownership totaling 2,123 shares after the transaction. The signature block shows the filing was executed by an authorized designee. There are no indications in the form of amendments, derivative transactions, or indirect ownership structures that would require additional disclosure.

Corporate Financial Analyst

TL;DR: Transaction size is immaterial to company valuation; it's a routine ESPP purchase by an officer.

The disclosure records a cash purchase of 35 common shares at $73.549 per share under the issuer's ESPP. The post-transaction direct holding is 2,123 shares, which provides a clear, numeric view of the officer's stake reported here. No earnings, largescale transfers, or derivative exercises are present. From a financial-materiality perspective, the transaction amount is small relative to typical public company market capitalizations and the filing contains the standard required elements for a Form 4 reporting such an ESPP purchase.

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
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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).

1. Name and Address of Reporting Person^*

Yoss Jennifer

(Last) (First) (Middle)

5128 APACHE PLUME ROAD, SUITE 400

(Street)

FORT WORTH TX 75109

(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)
	Vice President of Accounting

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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
Common Stock	09/30/2025		A		35	A	$73.549	2,123(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: Jennifer Yoss	10/01/2025
	** 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 did Jennifer Yoss report on the Form 4 for CRVL?

The filing reports Ms. Yoss purchased 35 shares of CorVel common stock on 09/30/2025 at $73.549 per share under the company's Employee Stock Purchase Plan.

How many CorVel (CRVL) shares does Jennifer Yoss beneficially own after the transaction?

The Form 4 states Ms. Yoss beneficially owns 2,123 shares following the reported transaction, held directly.

Under what rule was the transaction exempt on the Form 4?

The acquisition is reported as exempt under SEC Rule 16b-3(c), relating to transactions under certain employee benefit plans.

When was the Form 4 signed and by whom?

The signature block shows the form was executed by Sharon O'Connor on behalf of Jennifer Yoss on 10/01/2025.

Was this a derivative transaction or a direct stock purchase?

This was a non-derivative purchase of common stock (direct acquisition of shares) under the ESPP.