CorVel Corp Director Jeff Michael Exercises and Sells Stock Options

This Form 4 filing reports that Jeff Michael, a director and 10% owner of CorVel Corp, exercised and sold stock options on June 9, 2026. Michael exercised 9,000 non-qualified stock options with an exercise price of $14.44 per share, acquiring 9,000 shares of common stock. On the same day, he sold all 9,000 shares at $60.9816 per share, resulting in significant proceeds. Following these transactions, Michael's ownership decreased from 568,721 shares to 559,721 shares. The options were exercisable in four equal annual installments and were expiring on August 4, 2026. The transactions represent a substantial disposition of shares by a key insider, with the sale price being more than four times the exercise price, indicating a profitable transaction for the director.