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CorVel Corporation

02/02/2026 | Press release | Distributed by Public on 02/02/2026 20:37

Initial Statement of Beneficial Ownership (Form 3)

FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Nichols Brian S.
2. Date of Event Requiring Statement (Month/Day/Year)
09/10/2025
3. Issuer Name and Ticker or Trading Symbol
CORVEL CORP [CRVL]
(Last) (First) (Middle)
C/O CORVEL CORPORATION, 5128 APACHE PLUME ROAD, SUITE 400
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)
FORT WORTH, TX 76109
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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 control number.
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy) (1) 05/06/2026 Common Stock 18(2) $39.827 D
Non-Qualified Stock Option (Right to Buy) (1) 08/05/2026 Common Stock 51(3) $52.647 D
Non-Qualified Stock Option (Right to Buy) (1) 02/03/2027 Common Stock 126(4) $51.01 D
Non-Qualified Stock Option (Right to Buy) (1) 05/12/2027 Common Stock 162(5) $49.63 D
Non-Qualified Stock Option (Right to Buy) (1) 08/04/2027 Common Stock 201(6) $54.537 D
Non-Qualified Stock Option (Right to Buy) (1) 11/03/2027 Common Stock 357(7) $51.997 D
Non-Qualified Stock Option (Right to Buy) (1) 01/14/2030 Common Stock 225(8) $110.18 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Nichols Brian S.
C/O CORVEL CORPORATION
5128 APACHE PLUME ROAD, SUITE 400
FORT WORTH, TX 76109
Chief Financial Officer

Signatures

/s/ Sharon O'Connor, Attorney-in-Fact for Brian Nichols 02/02/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Reflects a grant of a non-qualified stock option (the "Option") made to the Reporting Person under the Issuer's Restated Omnibus Incentive Plan (formerly the 1988 Executive Stock Option Plan). Twenty-five percent of the Option vests and becomes exercisable one year following the grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
(2) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on May 6, 2021 covering an aggregate of 900 shares.
(3) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on August 5, 2021 covering an aggregate of 600 shares.
(4) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on February 3, 2022 covering an aggregate of 600 shares.
(5) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on May 12, 2022 covering an aggregate of 600 shares.
(6) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on August 4, 2022 covering an aggregate of 600 shares.
(7) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on November 3, 2022 covering an aggregate of 900 shares.
(8) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on January 14, 2025 covering an aggregate of 225 shares.

Remarks:
Exhibit 24.1 - Power of Attorney
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
CorVel Corporation published this content on February 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 03, 2026 at 02:37 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]