CorVel CEO Combs exercises options for 9,360 shares

Q: How many CRVL shares did Michael G. Combs acquire through option exercises?

Michael G. Combs reported exercising options for 9,360 CorVel common shares on November 6, 2026, at an exercise price of $65.72 per share. The reported exercises were in three lots of 4,800, 2,907 and 1,653 shares.

Q: How many CRVL shares were delivered or withheld for option exercise costs or taxes?

The reported transactions list 8,343 common shares delivered or withheld for payment of exercise price or tax liability incident to the option exercise.

The reported exercises included 8,343 common shares delivered or withheld for payment of exercise price or tax liability.

Available on EDGAR 11/09/2026 - 07:41 PM EST Accepted by SEC EDGAR 11/09/2026 - 07:41 PM EST

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

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.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

CorVel Corp (CRVL) CEO & President Michael G. Combs reported exercising non-qualified stock options on November 6, 2026, for 9,360 common shares at an exercise price of $65.72 per share. The option footnote states that the option will vest based on achievement of certain performance criteria relating to earnings growth. Six related entries report 8,343 shares delivered or withheld for payment of exercise price or tax liability incident to the option exercise.

Insider Trade Summary

9,360 shares exercised/converted

Exercise 12 txns

Insider Combs Michael G

Role CEO & President

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy) ^F2	4,800	$83.16	$399K
Exercise	Non-Qualified Stock Option (right to buy) ^F2	2,907	$83.16	$242K
Exercise	Non-Qualified Stock Option (right to buy) ^F2	1,653	$83.16	$137K
Exercise	Common Stock	4,800	$65.72	$315K
Exercise Price or Tax Liability	Common Stock ^F1	3,793	$83.16	$315K
Exercise Price or Tax Liability	Common Stock ^F1	486	$83.16	$40K
Exercise	Common Stock	2,907	$65.72	$191K
Exercise Price or Tax Liability	Common Stock ^F1	2,297	$83.16	$191K
Exercise Price or Tax Liability	Common Stock ^F1	294	$83.16	$24K
Exercise	Common Stock	1,653	$65.72	$109K
Exercise Price or Tax Liability	Common Stock ^F1	1,306	$83.16	$109K
Exercise Price or Tax Liability	Common Stock ^F1	167	$83.16	$14K

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 1,947 options (Direct); Common Stock — 13,384 shares (Direct)

Holdings Before and After: Non-Qualified Stock Option (right to buy), 11,307 to 1,947 options (Direct); Common Stock, 12,367 to 13,384 shares (Direct)

Footnotes (2)

F1. Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
F2. Option will vest based on achievement of certain performance criteria relating to earnings growth.

Key Figures

Common shares acquired through option exercises: 9,360 shares Exercise price: $65.72 per share Shares delivered or withheld: 8,343 shares +1 more

4 metrics

Common shares acquired through option exercises 9,360 shares November 6, 2026

Exercise price $65.72 per share Non-qualified stock options exercised on November 6, 2026

Shares delivered or withheld 8,343 shares Payment of exercise price or tax liability incident to the option exercise

Option expiration date December 8, 2026 Non-qualified stock options

Key Terms

Non-Qualified Stock Option, exercise price, performance criteria

3 terms

Non-Qualified Stock Option financial

"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.

exercise price financial

"payment of the option exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

performance criteria financial

"achievement of certain performance criteria relating to earnings growth"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CRVL shares did Michael G. Combs acquire through option exercises?

Michael G. Combs reported exercising options for 9,360 CorVel common shares on November 6, 2026, at an exercise price of $65.72 per share. The reported exercises were in three lots of 4,800, 2,907 and 1,653 shares.

How many CRVL shares were delivered or withheld for option exercise costs or taxes?

The reported transactions list 8,343 common shares delivered or withheld for payment of exercise price or tax liability incident to the option exercise.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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

Add on Google

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

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)
	CEO & President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/06/2026		M		4,800	A	$65.72	17,167	D
Common Stock	11/06/2026		F⁽¹⁾		3,793	D	$83.16	13,374	D
Common Stock	11/06/2026		F⁽¹⁾		486	D	$83.16	12,888	D
Common Stock	11/06/2026		M		2,907	A	$65.72	15,795	D
Common Stock	11/06/2026		F⁽¹⁾		2,297	D	$83.16	13,498	D
Common Stock	11/06/2026		F⁽¹⁾		294	D	$83.16	13,204	D
Common Stock	11/06/2026		M		1,653	A	$65.72	14,857	D
Common Stock	11/06/2026		F⁽¹⁾		1,306	D	$83.16	13,551	D
Common Stock	11/06/2026		F⁽¹⁾		167	D	$83.16	13,384	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$65.72	11/06/2026		M			4,800	⁽²⁾	12/08/2026	Common Stock	4,800	$83.16	6,507	D
Non-Qualified Stock Option (right to buy)	$65.72	11/06/2026		M			2,907	⁽²⁾	12/08/2026	Common Stock	2,907	$83.16	3,600	D
Non-Qualified Stock Option (right to buy)	$65.72	11/06/2026		M			1,653	⁽²⁾	12/08/2026	Common Stock	1,653	$83.16	1,947	D

Explanation of Responses:

1. Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.

2. Option will vest based on achievement of certain performance criteria relating to earnings growth.

	By: Sharon O'Connor For: Michael Combs	11/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR