Michael Combs - Feb 5, 2024 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 5, 2024
Transactions value $: -$6,295,342
Form type: 4
Date filed: 2/5/2024, 09:11 PM
Previous filing: Oct 3, 2023
Next filing: Feb 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRVL	Common Stock	Options Exercise	$526K	+6K	+43.33%	$87.69^*	19.8K	Feb 5, 2024	Direct
transaction	CRVL	Common Stock	Tax liability	-$526K	-2.24K	-11.29%	$234.85	17.6K	Feb 5, 2024	Direct	F1
transaction	CRVL	Common Stock	Tax liability	-$436K	-1.86K	-10.54%	$234.85	15.8K	Feb 5, 2024	Direct	F1
transaction	CRVL	Common Stock	Options Exercise	$395K	+4.5K	+28.57%	$87.69^*	20.3K	Feb 5, 2024	Direct
transaction	CRVL	Common Stock	Tax liability	-$395K	-1.68K	-8.3%	$234.85	18.6K	Feb 5, 2024	Direct	F1
transaction	CRVL	Common Stock	Tax liability	-$327K	-1.39K	-7.49%	$234.85	17.2K	Feb 5, 2024	Direct	F1
transaction	CRVL	Common Stock	Options Exercise	$395K	+4.5K	+26.19%	$87.69^*	21.7K	Feb 5, 2024	Direct
transaction	CRVL	Common Stock	Tax liability	-$395K	-1.68K	-7.75%	$234.85	20K	Feb 5, 2024	Direct	F1
transaction	CRVL	Common Stock	Tax liability	-$327K	-1.39K	-6.96%	$234.85	18.6K	Feb 5, 2024	Direct	F1
transaction	CRVL	Common Stock	Options Exercise	$295K	+5.6K	+30.09%	$52.69^*	24.2K	Feb 5, 2024	Direct
transaction	CRVL	Common Stock	Tax liability	-$295K	-1.26K	-5.19%	$234.85	23K	Feb 5, 2024	Direct	F1
transaction	CRVL	Common Stock	Tax liability	-$369K	-1.57K	-6.84%	$234.85	21.4K	Feb 5, 2024	Direct	F1

Showing 1 to 12 of 12 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	-$1.32M	-5.6K	-93.33%	$234.85	400	Feb 5, 2024	Common Stock	5.6K	$52.69	Direct	F2
transaction	CRVL	Non-Qualified Stock Option (right to buy)	Options Exercise	-$1.41M	-6K	-40%	$234.85	9K	Feb 5, 2024	Common Stock	6K	$87.69	Direct	F3
transaction	CRVL	Non-Qualified Stock Option (right to buy)	Options Exercise	-$1.06M	-4.5K	-50%	$234.85	4.5K	Feb 5, 2024	Common Stock	4.5K	$87.69	Direct	F3
transaction	CRVL	Non-Qualified Stock Option (right to buy)	Options Exercise	-$1.06M	-4.5K	-100%	$234.85	0	Feb 5, 2024	Common Stock	4.5K	$87.69	Direct	F3

* 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.
F3	Option will vest based on achievement of certain performance criteria relating to earnings growth.