Michael Combs - Jun 7, 2021 Form 4 Insider Report for CORVEL CORP (CRVL)

Role: CEO & President
Signature: By: Sharon O'Connor For: Michael Combs
Stock symbol: CRVL
Transactions as of: Jun 7, 2021
Transactions value $: -$1,844,143
Form type: 4
Date filed: 6/8/2021, 09:46 PM
Previous filing: May 10, 2021
Next filing: Aug 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRVL	Common Stock	Options Exercise	$711K	+15.5K	+2243.13%	$45.90^*	16.2K	Jun 7, 2021	Direct
transaction	CRVL	Common Stock	Sale	-$1.84M	-15.5K	-95.73%	$119.00	691	Jun 7, 2021	Direct
transaction	CRVL	Common Stock	Options Exercise	$207K	+4.5K	+651.23%	$45.90^*	5.19K	Jun 8, 2021	Direct
transaction	CRVL	Common Stock	Tax liability	-$206K	-1.7K	-32.75%	$121.47	3.49K	Jun 8, 2021	Direct	F1
transaction	CRVL	Common Stock	Tax liability	-$164K	-1.35K	-38.79%	$121.47	2.14K	Jun 8, 2021	Direct	F1

Showing 1 to 5 of 5 entries

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	-15.5K	-77.5%	$0.00	4.5K	Jun 7, 2021	Common Stock	15.5K	$45.90	Direct	F2
transaction	CRVL	Non-Qualified Stock Option (right to buy)	Options Exercise	-$547K	-4.5K	-100%	$121.47	0	Jun 8, 2021	Common Stock	4.5K	$45.90	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
F2	Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.