[144] Corvel Corp SEC Filing

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

CorVel Corporation insider filing discloses a proposed sale of 1,764 common shares through Morgan Stanley Smith Barney LLC on 09/08/2025, with an aggregate market value of $161,470.74. The filing reports the company's outstanding common shares as 51,312,748, placing the proposed sale at a very small fraction of total shares.

The securities were acquired by exercise of options: 591 shares on 08/01/2024 and 1,173 shares on 01/02/2024, both paid in cash. The filer, identified as Brandon T O'Brien, also sold 3,957 shares on 06/09/2025 for $429,162.77. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Insights

TL;DR: Routine Rule 144 notice showing small insider disposals after recent option exercises; disclosure is complete and non-material to cap structure.

The filing documents a planned sale of 1,764 shares via a named broker and records prior sales and exercise dates, which supports transparent compliance with Rule 144 requirements. The size of the proposed sale relative to 51.3 million outstanding shares is negligible, and the shares were acquired by option exercise and paid in cash, reducing ambiguity about provenance. There are no additional financial results, renegotiations, or corporate actions disclosed that would change the company's capital structure or operating outlook.

TL;DR: Filing is a standard insider disclosure; shows compliance with securities law and documents recent option exercises and subsequent sales.

The notice includes required elements: broker identity, share counts, acquisition method, and prior sales within three months, along with the signed representation regarding material non-public information. From a governance perspective, the filing meets disclosure norms. The disclosed transactions are small in proportion to outstanding shares and follow standard procedures for exercised equity.

09/08/2025 - 04:06 PM

144: Filer Information

Filer CIK

Filer CCC

Is this a LIVE or TEST Filing?

LIVE TEST

Submission Contact Information

Name

Phone

E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold

Name and Address of the Broker

Number of Shares or Other Units To Be Sold

Aggregate Market Value

Number of Shares or Other Units Outstanding

Approximate Date of Sale

Name the Securities Exchange

Common

Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York NY 10004

1764

161470.74

51312748

09/08/2025

NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class

Date you Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired

Is this a Gift?

Date Donor Acquired

Amount of Securities Acquired

Date of Payment

Nature of Payment *

Common

08/01/2024

Exercised Shares

Issuer

591

08/01/2024

Cash

Common

01/02/2024

Exercised Shares

Issuer

1173

01/02/2024

Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller

Title of Securities Sold

Date of Sale

Amount of Securities Sold

Gross Proceeds

BRANDON T O'BRIEN
5128 Apache Plume Road
Suite 400
Fort Worth TX 76109

Common

06/09/2025

3957

429162.77

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

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