Michael Combs - Feb 9, 2023 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: Feb 9, 2023
Transactions value $: -$1,443,746
Form type: 4
Date filed: 2/13/2023, 06:01 PM
Previous filing: Jan 6, 2023
Next filing: Feb 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRVL	Common Stock	Options Exercise	$499K	+6.4K	+40.86%	$77.93	22.1K	Feb 9, 2023	Direct
transaction	CRVL	Common Stock	Tax liability	-$499K	-2.76K	-12.49%	$180.95	19.3K	Feb 9, 2023	Direct	F1
transaction	CRVL	Common Stock	Tax liability	-$286K	-1.58K	-8.18%	$180.95	17.7K	Feb 9, 2023	Direct	F1

Showing 1 to 3 of 3 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	-$1.16M	-6.4K	-88.88%	$180.95	801	Feb 9, 2023	Common Stock	6.4K	$77.93	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	Option will vest based on achievement of certain performance criteria relating to earnings growth.