CorVel CEO sells 8,013 shares at $54

CorVel Corp CEO and President Michael G. Combs reported an open‑market sale of 8,013 shares of Common Stock at $54.00 per share.

Rhea-AI Filing Summary

CorVel Corp CEO and President Michael G. Combs reported an open‑market sale of 8,013 shares of Common Stock at $54.00 per share. This transaction on March 9, 2026 reduced his directly held position, and he now directly owns 40,760 CorVel shares following the sale.

Insights

Equity market & governance analyst

CorVel’s CEO executed a modest open‑market share sale, retaining a sizeable direct stake.

CEO and President Michael G. Combs sold 8,013 shares of CorVel Corp Common Stock in an open‑market transaction at $54.00 per share on March 9, 2026. The filing characterizes this as an open‑market sale rather than a grant, option exercise, or tax withholding event.

After the transaction, Combs continues to hold 40,760 shares directly, according to the filing. The data show a single non‑derivative sale and no derivative exercises or gifts, suggesting a straightforward liquidity event rather than a complex restructuring. The overall signal is a routine insider sale rather than a transformational change in ownership.

Insider Trade Summary

Net Seller: 8,013 shares

Net Sell 1 txn

Insider Combs Michael G

Role CEO & President

Sold 8,013 shs ($433K)

Type	Security	Shares	Price	Value
Sale	Common Stock	8,013	$54.00	$433K

Holdings After Transaction: Common Stock — 40,760 shares (Direct)

FAQ

What insider transaction did CorVel (CRVL) report for CEO Michael G. Combs?

CorVel’s CEO Michael G. Combs reported selling 8,013 shares of Common Stock. The Form 4 states this was an open‑market sale at $54.00 per share on March 9, 2026, reducing but not eliminating his direct equity position in the company.

At what price did the CorVel (CRVL) CEO sell his shares in this Form 4?

The CorVel CEO’s Form 4 reports an open‑market sale at $54.00 per share. This fixed price applies to all 8,013 Common Stock shares sold on March 9, 2026, as disclosed in the non‑derivative transaction section of the filing.

How many CorVel (CRVL) shares does CEO Michael G. Combs hold after the reported sale?

Following the reported transaction, Michael G. Combs directly owns 40,760 CorVel shares. This post‑transaction holding figure comes from the Form 4’s "shares following transaction" field and shows he retains a meaningful direct equity stake after the sale.

Was the CorVel (CRVL) CEO’s transaction a buy or a sell according to the Form 4?

The Form 4 classifies the CEO’s transaction as a sale. It uses transaction code “S” and describes it as an open‑market or private sale of 8,013 Common Stock shares, clearly indicating a disposition rather than an acquisition of shares by the insider.

Did the CorVel (CRVL) Form 4 include any option exercises or derivative transactions?

No derivative transactions are listed in this Form 4. The filing shows one non‑derivative Common Stock sale and a derivative summary with zero exercises, indicating there were no option exercises, conversions, or other derivative activities reported for this date.

Is the CorVel (CRVL) CEO’s reported sale a direct or indirect ownership transaction?

The Form 4 specifies the sale as a direct ownership transaction. The "direct or indirect" field is marked "D" and the ownership type is listed as direct, meaning the 8,013 shares sold and the remaining 40,760 shares are held directly by the CEO.

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Accepted by SEC EDGAR 03/17/2026 - 03:20 PM 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^*

Combs Michael G

(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)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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
Common Stock	03/09/2026		S		8,013	D	$54	40,760	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	03/10/2026
	** 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.