CorVel CEO awarded 1,500 stock options

CorVel Corp CEO & President Michael G. Combs received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026.

Rhea-AI Filing Summary

CorVel Corp CEO & President Michael G. Combs received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026. The options have an exercise price of $62.45 per share, relate to 1,500 shares of common stock, and expire on August 6, 2036. According to the footnote, they become exercisable in four equal annual installments starting 12 months after the grant date, and are held as a direct ownership position.

Insider Trade Summary

Grant/Award: 1,500 shares

Grant/Award 1 txn

Insider Combs Michael G

Role CEO & President

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

Options granted: 1,500 options Exercise price: $62.45 per share Expiration date: August 6, 2036 +2 more

5 metrics

Options granted 1,500 options Non-Qualified Stock Option grant to CEO on August 6, 2026

Exercise price $62.45 per share Exercise price for 1,500 Non-Qualified Stock Options

Expiration date August 6, 2036 Option expiration for CEO’s 1,500 Non-Qualified Stock Options

Underlying shares 1,500 shares Common stock underlying the Non-Qualified Stock Options

Post-transaction derivative holdings 1,500 options Total options held from this grant following the transaction

Key Terms

Non-Qualified Stock Option, exercise price, derivative, grant, award, or other acquisition

4 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.

derivative financial

"transaction_type: "derivative""

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

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

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

CORVEL CORP reported that CEO & President Michael G. Combs received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026, relating to 1,500 shares of common stock, as part of his equity compensation.

What is the exercise price of the new stock options granted to the CRVL CEO?

The new options granted to the CRVL CEO have an exercise price of $62.45 per share. This is the price at which he may purchase CorVel common stock when the options become exercisable over time.

When do Michael G. Combs’ newly granted CRVL options vest?

The options vest in a series of four equal annual installments, starting 12 months after the August 6, 2026 grant date. Each year, one-quarter of the 1,500 options becomes exercisable until fully vested.

What is the expiration date of the stock options granted to the CRVL CEO?

The stock options granted to the CRVL CEO expire on August 6, 2036. After this expiration date, any unexercised options will lapse and can no longer be used to purchase CorVel common shares.

How many CRVL options does Michael G. Combs hold after this reported grant?

Following this reported transaction, Michael G. Combs holds 1,500 Non-Qualified Stock Options from this grant. These options are reported as directly owned, reflecting his post-transaction derivative holdings from this specific award.

Is the CRVL CEO’s August 2026 option grant a market purchase or a compensation award?

The August 2026 transaction is reported as a grant, award, or other acquisition of options (code A), indicating it is a compensation-related award rather than a market purchase on an exchange.

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

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Accepted by SEC EDGAR 08/10/2026 - 02:46 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^*

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)
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: Michael Combs	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)