CorVel (CRVL) awards 1,500 options to director and 10% owner

Rhea-AI Filing Summary

CorVel Corp reported that director and ten percent owner Jeffrey J. Michael received a grant of 1,500 Non-Qualified Stock Options on 2026-08-06. The options carry an exercise price of $62.45 per share and expire on 2036-08-06. According to the vesting terms, they become exercisable in four equal annual installments beginning 12 months after the grant date, and this grant brings his reported derivative holdings from this award to 1,500 options.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MICHAEL JEFFREY J

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy) F1	1,500	$0.00	$0.00

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 1,500 shares (Direct)

Footnotes (1)

1. F1. Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.

Key Figures

Options granted: 1500.0000 options Exercise price: $62.4500 per share Underlying shares: 1500.0000 shares +3 more

6 metrics

Options granted 1500.0000 options Non-Qualified Stock Option grant on 2026-08-06

Exercise price $62.4500 per share Conversion or exercise price of granted options

Underlying shares 1500.0000 shares Common Stock underlying the option grant

Expiration date 2036-08-06 Option term end date for this grant

Vesting installments 4 Four equal annual installments starting 12 months after grant

Holding after transaction 1500.0000 options Total derivative securities from this award held directly after grant

Key Terms

Non-Qualified Stock Option (right to buy), exercise price, underlying security, annual installments

4 terms

Non-Qualified Stock Option (right to buy) financial

"security_title: Non-Qualified Stock Option (right to buy)"

exercise price financial

"conversion_or_exercise_price: 62.4500"

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.

underlying security financial

"underlying_security_title: Common Stock"

annual installments financial

"Exercisable in a series of 4 equal and successive annual installments"

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

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 →

Available on EDGAR 08/10/2026 - 04:59 PM Accepted by SEC EDGAR 08/10/2026 - 04:59 PM Learn about SEC filing dates

FAQ

What insider transaction did CORVEL CORP (CRVL) report for Jeffrey J. Michael?

CORVEL CORP reported that Jeffrey J. Michael received a grant of 1,500 Non-Qualified Stock Options on 2026-08-06. These options relate to the company’s Common Stock and are held as a direct derivative position.

How many stock options were granted in the latest CRVL Form 4 filing?

The filing shows a grant of 1,500 Non-Qualified Stock Options. Each option is exercisable for one share of Common Stock, so the award covers 1,500 underlying shares in total.

What is the exercise price and term of the new CRVL options?

The granted options have an exercise price of $62.45 per share and an expiration date of 2036-08-06. They were awarded at $0.00 grant cost as a compensation-related acquisition.

What is the vesting schedule of Jeffrey J. Michael’s new CRVL options?

The options become exercisable in four equal and successive annual installments. Vesting starts 12 months after the 2026-08-06 grant date, so the award vests over a four-year period.

What is Jeffrey J. Michael’s reported holding after this CRVL option grant?

Following the transaction, the Form 4 reports 1,500 derivative securities from this option grant held directly. This figure reflects the Non-Qualified Stock Options awarded in the reported transaction.

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^*

MICHAEL JEFFREY J

(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)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

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)
			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)	$62.45	08/06/2026		A		1,500		(1)	08/06/2036	Common Stock	1,500	$0.0	1,500	D

Explanation of Responses:

1. Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.

	By: Sharon O'Connor For: Jeff Michael	08/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)