Michael G. Combs - 09 Feb 2023 Form 4 Insider Report for CORVEL CORP (CRVL)

Role: CEO & President
Signature: By: Sharon O'Connor For: Michael Combs
Issuer symbol: CRVL
Transactions as of: 09 Feb 2023
Net transactions value: -$1,443,746
Form type: 4
Filing time: 13 Feb 2023, 18:01:05 UTC
Previous filing: 06 Jan 2023
Next filing: 21 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRVL	Common Stock	Options Exercise	$498,752	+6,400	+41%	$77.93	22,062	09 Feb 2023	Direct
transaction	CRVL	Common Stock	Tax liability	$498,698	-2,756	-12%	$180.95	19,306	09 Feb 2023	Direct	F1
transaction	CRVL	Common Stock	Tax liability	$285,720	-1,579	-8.2%	$180.95	17,727	09 Feb 2023	Direct	F1

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	$1,158,080	-6,400	-89%	$180.95	801	09 Feb 2023	Common Stock	6,400	$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.