Michael Combs - May 12, 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: May 12, 2023
Transactions value $: -$1,755,617
Form type: 4
Date filed: 5/16/2023, 07:03 PM
Previous filing: Apr 3, 2023
Next filing: Aug 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRVL	Common Stock	Options Exercise	$421K	+6K	+37.75%	$70.24	21.9K	May 12, 2023	Direct
transaction	CRVL	Common Stock	Tax liability	-$421K	-1.92K	-8.78%	$219.13	20K	May 12, 2023	Direct	F1
transaction	CRVL	Common Stock	Tax liability	-$441K	-2.01K	-10.07%	$219.13	18K	May 12, 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	-$1.31M	-6K	-100%	$219.13	0	May 12, 2023	Common Stock	6K	$70.24	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.