CorVel director receives 1,500-share stock option grant

CorVel Corp director Alan Hoops reported an equity compensation award of a non-qualified stock option for 1,500 shares of common stock, granted on 2026-08-06 with an exercise price of $62.45 per share and an expiration date of 2036-08-06.

Rhea-AI Filing Summary

CorVel Corp director Alan Hoops reported an equity compensation award of a non-qualified stock option for 1,500 shares of common stock, granted on 2026-08-06 with an exercise price of $62.45 per share and an expiration date of 2036-08-06. The option is exercisable in four equal annual installments beginning 12 months after the grant date, and Hoops now directly holds options for 1,500 underlying shares from this award.

Insider Trade Summary

Grant/Award: 1,500 shares

Grant/Award 1 txn

Insider HOOPS ALAN

Role Director

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 contracts (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

Option shares granted: 1,500 shares Exercise price: $62.45 per share Expiration date: 2036-08-06 +1 more

4 metrics

Option shares granted 1,500 shares Non-qualified stock option grant on 2026-08-06

Exercise price $62.45 per share Conversion or exercise price of the option

Expiration date 2036-08-06 Option term end date for the granted award

Post-grant option position 1,500 shares Total option shares following this reported transaction

Key Terms

Non-Qualified Stock Option, exercise price, annual installments

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

"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.

annual installments financial

"series of 4 equal and successive annual installments"

FAQ

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

What did CorVel (CRVL) director Alan Hoops report in this Form 4?

Alan Hoops reported a grant of a non-qualified stock option covering 1,500 shares of CorVel common stock, received as an equity award on 2026-08-06.

What is the exercise price and term of Alan Hoops’ new CRVL stock options?

The option granted to Alan Hoops has an exercise price of $62.45 per share and an expiration date of 2036-08-06, giving him a long-dated right to buy CorVel common stock.

How do the newly granted CorVel (CRVL) options to Alan Hoops vest?

The option becomes exercisable in four equal annual installments, starting 12 months after the 2026-08-06 grant date, resulting in full vesting over four years if service conditions are met.

How many CorVel (CRVL) option shares does Alan Hoops hold after this grant?

Following this transaction, Alan Hoops directly holds options covering 1,500 shares of CorVel common stock associated with this specific non-qualified stock option award.

Was this CorVel (CRVL) Form 4 transaction a market buy or sell?

No market trade occurred. The Form 4 reports a grant/award acquisition of stock options to Alan Hoops, with no buy or sell of common shares in the open market.

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

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Accepted by SEC EDGAR 08/10/2026 - 04:32 PM EDT Learn about SEC filing dates

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^*

HOOPS ALAN

(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		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: Alan Hoops	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)