CRVL Form 4: CFO O'Brien Reports 1,120-Share Gift to Family Fund

Rhea-AI Filing Summary

Brandon O'Brien, Chief Financial Officer and Director of CorVel Corp (CRVL), reported agift disposition of 1,120 shares on 08/27/2025. The Form 4 shows the transaction coded G(1) with a price of $0.0 and an explanation stating the shares were gifted to "O'Brien Family Fund - DAFgiving360." After the reported disposition, Mr. O'Brien beneficially owned 10,712 shares. The filing lists the reporting persons address in Fort Worth, TX, and the Form is signed/submitted on 08/28/2025 by Sharon OConnor on behalf of Brandon OBrien.

Positive

• Timely disclosure of insider transaction filed and signed within one day of the transaction filing date
• Transaction documented as a gift (G(1)) indicating no sale pressure or cash-out by the officer

Negative

• Reduction in beneficial ownership of Brandon O'Brien by 1,120 shares to 10,712 shares

Insights

Corporate Governance Expert

TL;DR: Routine insider gift of shares to a donor-advised fund; procedural disclosure consistent with Section 16 requirements.

The Form 4 discloses a gift (transaction code G(1)) of 1,120 common shares from Brandon O'Brien to the O'Brien Family Fund - DAFgiving360, leaving 10,712 shares beneficially owned. This is a standard non-sale transfer documented at a $0.0 price, consistent with charitable transfers or donor-advised fund contributions. The filing was submitted promptly and is properly signed by an authorized representative, which meets typical disclosure and governance expectations for related-party gifting by officers.

Securities/Financial Analyst

TL;DR: Non-material insider disposition by gift; unlikely to affect company valuation or signal transaction-driven liquidity needs.

The reported disposition reduces Mr. O'Briens stake by 1,120 shares to 10,712 shares outstanding as beneficially owned by him. The transaction is coded as a gift with no cash consideration recorded (price $0.0). From an investor-impact perspective, this is a personal charitable transfer rather than a market sale, so it does not represent insider cashing out or a change in control; it is therefore not materially impactful to CRVLs capital structure based solely on the data in this Form 4.

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
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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^*

O'Brien Brandon

(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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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
Common Stock	08/27/2025		G(1)		1,120	D	$0.0	10,712	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

Explanation of Responses:

1. Gift to O'Brien Family Fund - DAFgiving360

	By: Sharon O'Connor For: Brandon O'Brien	08/28/2025
	** 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.

FAQ

What did CorVel (CRVL) insider Brandon O'Brien report on Form 4?

He reported gifting 1,120 common shares on 08/27/2025 to the O'Brien Family Fund - DAFgiving360, with 10,712 shares owned after the gift.

Was there any cash consideration for the reported CRVL transaction?

No cash consideration is reported; the Form 4 lists the price as $0.0 and the transaction code G(1) indicating a gift.

What is Brandon O'Brien's role at CorVel as listed on the Form 4?

He is identified as Chief Financial Officer and a Director of CorVel Corp.

When was the transaction and when was the Form 4 signed?

Transaction date: 08/27/2025. Form filed/signed: 08/28/2025 by Sharon O'Connor on behalf of Brandon O'Brien.

How many shares does Brandon O'Brien beneficially own after the reported gift?

10,712 shares beneficially owned following the reported transaction.