CorVel (CRVL) CIO exercises options and sells 2,250 shares

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

Net Seller: 2,250 shares ($136,328)

Net Sell 3 txns

Insider Shishin Maxim

Role Chief Information Officer

Sold 2,250 shs ($136K)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	2,250	$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 shares (Direct, null); Common Stock — 9,300 shares (Direct, null)

Footnotes (1)

1. [object Object]

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)""

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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).

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^*

Shishin Maxim

(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)
	Chief Information Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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	06/12/2026		M		2,250	A	$52.647	9,300	D
Common Stock	06/12/2026		S		2,250	D	$60.59	7,050	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
Non-Qualified Stock Option (right to buy)	$52.647	06/12/2026		M			2,250	(1)	08/05/2026	Common Stock	2,250	$0.0	0	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.

	By: Sharon O'Connor For: Maxim Shishin	06/15/2026
	** 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 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.

How many CorVel (CRVL) shares did the CIO sell and at what price?

The CIO sold 2,250 CorVel common shares at an average price of $60.59 per share. This was disclosed as an open-market sale under transaction code S in the insider filing.

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.

How many CorVel (CRVL) shares does Maxim Shishin hold after the transactions?

After the reported transactions, Maxim Shishin directly holds 7,050 shares of CorVel common stock. This figure reflects his position following both the option exercise and the sale of 2,250 shares.

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.