Steven Hamerslag - Feb 7, 2024 Form 4 Insider Report for CORVEL CORP (CRVL)

Role
Director
Signature
/s/ Sharon O'Connor, Attorney-in-Fact for Steven J. Hamerslag
Stock symbol
CRVL
Transactions as of
Feb 7, 2024
Transactions value $
-$1,180,140
Form type
4
Date filed
2/9/2024, 09:51 PM
Previous filing
Aug 17, 2023
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRVL Common Stock Options Exercise $48.4K +1K $48.35 1K Feb 7, 2024 Direct F1
transaction CRVL Common Stock Options Exercise $172K +3K +300% $57.35 4K Feb 7, 2024 Direct F2
transaction CRVL Common Stock Options Exercise $262K +3K +75% $87.49 7K Feb 7, 2024 Direct F3
transaction CRVL Common Stock Tax liability -$483K -2.08K -29.7% $232.26 4.92K Feb 7, 2024 Direct F4
transaction CRVL Common Stock Gift $0 -4.92K -100% $0.00* 0 Feb 7, 2024 Direct F5
transaction CRVL Common Stock Gift $0 +4.92K +4.41% $0.00 116K Feb 7, 2024 See Footnote F5, F6
transaction CRVL Common Stock Sale -$286K -1.19K -1.02% $239.67 115K Feb 8, 2024 See Footnote F6, F7
transaction CRVL Common Stock Sale -$194K -808 -0.7% $240.36 114K Feb 8, 2024 See Footnote F6, F8
transaction CRVL Common Stock Sale -$221K -927 -0.81% $238.21 113K Feb 9, 2024 See Footnote F6, F9
transaction CRVL Common Stock Sale -$244K -1.02K -0.9% $239.52 112K Feb 9, 2024 See Footnote F6, F10
transaction CRVL Common Stock Sale -$61.3K -255 -0.23% $240.27 112K Feb 9, 2024 See Footnote F6, F11
transaction CRVL Common Stock Sale -$104K -430 -0.38% $241.42 112K Feb 9, 2024 See Footnote F6, F12
transaction CRVL Common Stock Sale -$70.3K -290 -0.26% $242.32 111K Feb 9, 2024 See Footnote F6, F13

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRVL Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -1K -100% $0.00* 0 Feb 7, 2024 Common Stock 1K $48.35 Direct F1
transaction CRVL Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -3K -100% $0.00* 0 Feb 7, 2024 Common Stock 3K $57.35 Direct F2
transaction CRVL Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -3K -100% $0.00* 0 Feb 7, 2024 Common Stock 3K $87.49 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the exercise of stock options awarded to the Reporting Person on August 3, 2017. The options became exercisable in four equal and successive annual installments commencing 12 months following the grant date.
F2 Reflects the exercise of stock options awarded to the Reporting Person on August 2, 2018. The options became exercisable in four equal and successive annual installments commencing 12 months following the grant date.
F3 Reflects the exercise of stock options awarded to the Reporting Person on August 8, 2019. The options became exercisable in four equal and successive annual installments commencing 12 months following the grant date.
F4 Reflects shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), withheld by the Issuer to cover the Reporting Person's exercise price of the stock options reported herein.
F5 On February 7, 2024, the Reporting Person made a bona fide gift of 4,921 shares of Common Stock to the Steven J. Hamerslag and Jean Wells Hamerslag Trust Dtd. 12/09/88 (the "Hamerslag Trust"), of which the Reporting Person is a trustee.
F6 The shares of Common Stock are held indirectly by the Reporting Person as trustee of the Hamerslag Trust.
F7 Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $239.39 to $239.97, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission (the "Staff"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $240.01 to $240.70, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $238.00 to $238.87, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $239.01 to $239.93, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $240.01 to $240.79, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $241.03 to $241.97, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $242.05 to $242.73, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.