CorVel CIO sells shares after option exercise
CorVel Corp Chief Information Officer Maxim Shishin reported an exercise-and-sell transaction in company stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
CorVel Corp Chief Information Officer Maxim Shishin reported an exercise-and-sell transaction in company stock. He exercised 2,250 Non-Qualified Stock Options at $52.647 per share, converting them into common stock, and on the same date sold 2,250 common shares in an open-market sale at an average price of $60.59 per share. Following these transactions, he now directly holds 7,050 shares of CorVel common stock, and the exercised option grant has been fully used.
Insider Trade Summary
Exercise and Sale: 2,250 shares ($18K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Shishin Maxim
Role
Chief Information Officer
Sold
2,250 shs ($136K)
Approx. gross sale proceeds
$136K
Approx. exercise cost
$118K
Approx. pre-tax spread
$18K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 2,250 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,250 | $52.647 | $118K |
| Sale | Common Stock | 2,250 | $60.59 | $136K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 7,050 shares (Direct)
Footnotes (1)
- F1. Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
Key Figures
Shares sold: 2,250 shares
Sale price: $60.59 per share
Options exercised: 2,250 options
+4 more
7 metrics
Shares sold
2,250 shares
Common stock open-market sale on 2026-06-12
Sale price
$60.59 per share
Average price for 2,250 common shares sold
Options exercised
2,250 options
Non-Qualified Stock Options exercised into common stock
Exercise price
$52.647 per share
Exercise price of Non-Qualified Stock Options
Shares held after sale
7,050 shares
Direct CorVel common stock holdings after transactions
Shares after exercise
9,300 shares
Direct common stock holdings after option exercise, before sale
Remaining options from this grant
0 options
Non-Qualified Stock Option balance after exercise
Key Terms
Non-Qualified Stock Option, open-market sale, derivative exercise/conversion, derivative security, +1 more
5 terms
Non-Qualified Stock Option financial
"security_title: "Non-Qualified Stock Option (right to buy)""
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.
open-market sale financial
"transaction_action: "open-market sale""
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Non-Qualified Stock Option (right to buy) financial
"security_title: "Non-Qualified Stock Option (right to buy)""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CorVel (CRVL) report for Maxim Shishin?
CorVel reported that CIO Maxim Shishin exercised 2,250 stock options and sold 2,250 common shares in an open-market transaction. The activity combined a derivative exercise with a same-day share sale.
What stock options did the CorVel (CRVL) CIO exercise in this Form 4?
He exercised 2,250 Non-Qualified Stock Options with a $52.647 exercise price, converting them into an equal number of common shares. After this exercise, the related option position reported in the filing was reduced to zero.
What do the transaction codes S and M mean in the CorVel (CRVL) Form 4?
Code S indicates an open-market or private sale of common stock. Code M indicates the exercise or conversion of a derivative security, such as a Non-Qualified Stock Option, into common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates