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

Rhea-AI Filing Summary

CorVel Corp CEO and President Michael G. Combs reported receiving a grant of 6,000 non-qualified stock options on March 4, 2026. These options were awarded at an exercise price of $0.00 per share.

According to the footnote, the options become exercisable as to 25% of the shares one year after the grant date, with the remaining 75% vesting in 36 equal monthly installments after that. Following this grant, Combs directly holds 6,000 option shares.

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

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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^*

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)
03/04/2026

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)	03/04/2031	Common Stock	6,000	$0.0	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.

	By: Sharon O'Connor For: Michael Combs	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

Michael G. Combs, CEO and President of CorVel, reported receiving 6,000 non-qualified stock options. The options were granted on March 4, 2026, at an exercise price of $0.00 per share, increasing his directly held option positions.

How many stock options were granted to CorVel (CRVL) CEO Michael G. Combs?

Michael G. Combs was granted 6,000 non-qualified stock options. These options give him the right to buy CorVel shares, subject to the vesting schedule described in the filing’s footnote, and represent a structured equity incentive award.

What is the vesting schedule for Michael G. Combs’ 6,000 CorVel (CRVL) options?

The options vest 25% one year after the grant date, with the remaining 75% vesting in 36 equal monthly installments. This structure encourages longer-term retention and aligns the CEO’s potential benefit with sustained company performance over several years.

Is Michael G. Combs’ ownership in CorVel (CRVL) direct or indirect after this grant?

The filing shows Michael G. Combs holds these 6,000 non-qualified stock options as a direct owner. The ownership code is listed as “D” for direct, with no indication of indirect entities or separate investment vehicles involved.

Does the Form 4 for CorVel (CRVL) indicate any stock sales by Michael G. Combs?

The Form 4 only reports an acquisition through a grant of 6,000 stock options and shows no sales. Transaction data categorize the activity as a grant or award acquisition, with zero sell transactions disclosed in the summarized totals.

What role does Michael G. Combs hold at CorVel (CRVL) in this Form 4?

Michael G. Combs is identified as an officer of CorVel, serving as CEO and President. The reported option grant represents part of his executive compensation structure, tying a portion of his potential rewards to CorVel’s future share performance.