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[Form 4] Corvel Corp Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

CorVel Corp (CRVL) Form 4 filing: Corstar Holdings Inc. reported a sale of 70,000 shares of CorVel common stock on 09/08/2025 at a price of $91.46 per share, leaving 18,742,108 shares beneficially owned following the transaction. The filing indicates the sale was made under a Rule 10b5-1 trading plan adopted May 28, 2025. The Form 4 is signed on behalf of the reporting entity and lists the reporting person as a director and 10% owner. The transaction is recorded as a direct disposition of common stock and no derivative transactions are reported.

CorVel Corp (CRVL) � Form 4: Corstar Holdings Inc. ha venduto 70.000 azioni ordinarie CorVel il 08/09/2025 a 91,46 USD per azione, restando titolare di 18.742.108 azioni dopo l’operazione. La comunicazione indica che la vendita è avvenuta nell’ambito di un piano di negoziazione Rule 10b5-1 adottato il 28 maggio 2025. Il Form 4 è firmato per conto dell’entità segnalante e indica la persona che segnala come amministratore e detentore del 10%. La transazione è registrata come una cessione diretta di azioni ordinarie e non risultano operazioni su strumenti derivati.

CorVel Corp (CRVL) � Formulario 4: Corstar Holdings Inc. informó la venta de 70.000 acciones ordinarias de CorVel el 09/08/2025 a 91,46 USD por acción, quedando con 18.742.108 acciones de forma beneficiosa tras la operación. La presentación indica que la venta se realizó bajo un plan de operaciones Rule 10b5-1 adoptado el 28 de mayo de 2025. El Form 4 está firmado en nombre de la entidad informante y señala a la persona informante como director y propietario del 10%. La transacción se anota como una enajenación directa de acciones ordinarias y no se registran operaciones con derivados.

CorVel Corp (CRVL) � Form 4 신고: Corstar Holdings Inc.� 2025� 9� 8� CorVel 보통� 70,000주를 주당 91.46달러� 매도했고, 거래 � 18,742,108�� 실질 보유하고 있습니다. 해당 신고서에� 매각� 2025� 5� 28� 채택� Rule 10b5-1 거래 계획� 따라 이루어졌다고 기재되어 있습니다. Form 4� 신고 기관� 대신해 서명되었�, 신고인은 이사� 이사이자 10% 주주� 기재되어 있습니다. 거래� 보통주의 직접 처분으로 기록되며 파생상품 거래� 보고되지 않았습니�.

CorVel Corp (CRVL) � Formulaire 4 : Corstar Holdings Inc. a déclaré la vente de 70 000 actions ordinaires CorVel le 08/09/2025 au prix de 91,46 USD par action, restant bénéficiaire de 18 742 108 actions après la transaction. Le dépôt indique que la vente a eu lieu dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 28 mai 2025. Le Form 4 est signé au nom de l’entité déclarante et désigne la personne déclarante comme administrateur et détenteur de 10 %. La transaction est enregistrée comme une cession directe d’actions ordinaires et aucune opération sur dérivés n’est déclarée.

CorVel Corp (CRVL) � Form 4-Meldung: Corstar Holdings Inc. meldete den Verkauf von 70.000 Stammaktien von CorVel am 08.09.2025 zum Preis von 91,46 USD je Aktie und hält nach der Transaktion weiterhin 18.742.108 Aktien wirtschaftlich. Die Einreichung gibt an, dass der Verkauf im Rahmen eines Rule 10b5-1-Handelsplans vom 28. Mai 2025 erfolgte. Das Form 4 ist im Namen der meldenden Einheit unterschrieben und führt die meldende Person als Direktor und 10%-Eigentümer auf. Die Transaktion ist als direkte Veräußerung von Stammaktien erfasst; Derivategeschäfte werden nicht berichtet.

Positive
  • Transaction disclosed promptly via Form 4 with signature, meeting SEC reporting requirements
  • Sale executed under a Rule 10b5-1 trading plan, which provides preplanned execution and reduces appearance of opportunistic timing
Negative
  • Insider disposition of shares (70,000 shares sold), which could be interpreted negatively by some investors despite plan-based execution

Insights

TL;DR: Insider sale executed under a Rule 10b5-1 plan reduces signaling risk but warrants disclosure review.

The filing shows a routine, preplanned disposition of 70,000 shares under a documented 10b5-1 plan, which generally provides an affirmative defense against insider trading allegations if the plan was adopted in good faith and prior to the trade dates. The reporting person remains a substantial holder with 18.7 million shares after the sale, so control influence is unchanged. From a governance perspective, the presence of a signed Form 4 and explicit 10b5-1 disclosure meets standard disclosure expectations; stakeholders may review plan adoption timing and any subsequent plan amendments for completeness.

TL;DR: Small disposition relative to total holdings; transaction unlikely to materially affect valuation.

The sale of 70,000 shares at $91.46 equals $6.402 million in proceeds but represents a small fraction of the reported 18.7 million shares owned, suggesting limited impact on share supply or company valuation. No options or other derivative transactions are reported. Because the sale is tied to a Rule 10b5-1 plan adopted May 28, 2025, market reaction should be measured; analysts typically treat plan-based sales as less informative about insider views on near-term fundamentals.

CorVel Corp (CRVL) � Form 4: Corstar Holdings Inc. ha venduto 70.000 azioni ordinarie CorVel il 08/09/2025 a 91,46 USD per azione, restando titolare di 18.742.108 azioni dopo l’operazione. La comunicazione indica che la vendita è avvenuta nell’ambito di un piano di negoziazione Rule 10b5-1 adottato il 28 maggio 2025. Il Form 4 è firmato per conto dell’entità segnalante e indica la persona che segnala come amministratore e detentore del 10%. La transazione è registrata come una cessione diretta di azioni ordinarie e non risultano operazioni su strumenti derivati.

CorVel Corp (CRVL) � Formulario 4: Corstar Holdings Inc. informó la venta de 70.000 acciones ordinarias de CorVel el 09/08/2025 a 91,46 USD por acción, quedando con 18.742.108 acciones de forma beneficiosa tras la operación. La presentación indica que la venta se realizó bajo un plan de operaciones Rule 10b5-1 adoptado el 28 de mayo de 2025. El Form 4 está firmado en nombre de la entidad informante y señala a la persona informante como director y propietario del 10%. La transacción se anota como una enajenación directa de acciones ordinarias y no se registran operaciones con derivados.

CorVel Corp (CRVL) � Form 4 신고: Corstar Holdings Inc.� 2025� 9� 8� CorVel 보통� 70,000주를 주당 91.46달러� 매도했고, 거래 � 18,742,108�� 실질 보유하고 있습니다. 해당 신고서에� 매각� 2025� 5� 28� 채택� Rule 10b5-1 거래 계획� 따라 이루어졌다고 기재되어 있습니다. Form 4� 신고 기관� 대신해 서명되었�, 신고인은 이사� 이사이자 10% 주주� 기재되어 있습니다. 거래� 보통주의 직접 처분으로 기록되며 파생상품 거래� 보고되지 않았습니�.

CorVel Corp (CRVL) � Formulaire 4 : Corstar Holdings Inc. a déclaré la vente de 70 000 actions ordinaires CorVel le 08/09/2025 au prix de 91,46 USD par action, restant bénéficiaire de 18 742 108 actions après la transaction. Le dépôt indique que la vente a eu lieu dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 28 mai 2025. Le Form 4 est signé au nom de l’entité déclarante et désigne la personne déclarante comme administrateur et détenteur de 10 %. La transaction est enregistrée comme une cession directe d’actions ordinaires et aucune opération sur dérivés n’est déclarée.

CorVel Corp (CRVL) � Form 4-Meldung: Corstar Holdings Inc. meldete den Verkauf von 70.000 Stammaktien von CorVel am 08.09.2025 zum Preis von 91,46 USD je Aktie und hält nach der Transaktion weiterhin 18.742.108 Aktien wirtschaftlich. Die Einreichung gibt an, dass der Verkauf im Rahmen eines Rule 10b5-1-Handelsplans vom 28. Mai 2025 erfolgte. Das Form 4 ist im Namen der meldenden Einheit unterschrieben und führt die meldende Person als Direktor und 10%-Eigentümer auf. Die Transaktion ist als direkte Veräußerung von Stammaktien erfasst; Derivategeschäfte werden nicht berichtet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
CORSTAR HOLDINGS INC

(Last) (First) (Middle)
6640 SHADY OAK RD., STE. 370

(Street)
EDEN PRAIRIE MN 55344

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CORVEL CORP [ CRVL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/08/2025 S(1) 70,000 D $91.46 18,742,108 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Sales reported above were made pursuant to a Rule 10b5-1 trading plan adopted on May 28, 2025.
By: Jeffrey Michael For: Cortar Holdings, Inc. 09/10/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4 for CRVL report?

The filing reports a sale of 70,000 shares of CorVel common stock on 09/08/2025 at $91.46 per share.

Who filed the Form 4 for CRVL?

The reporting person is listed as Corstar Holdings Inc., identified as a director and 10% owner; the form was signed on behalf of the reporting entity.

How many shares does the reporting person own after the sale?

The filing shows 18,742,108 shares beneficially owned following the reported transaction.

Was the sale part of a trading plan?

Yes. The filing states the sales were made pursuant to a Rule 10b5-1 trading plan adopted May 28, 2025.

Were any derivative transactions reported?

No. Table II for derivative securities shows no derivative transactions reported in this filing.
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