02/02/2026 | Press release | Distributed by Public on 02/02/2026 20:37
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FORM 3
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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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| 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. | |||
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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) |
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| 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 Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Nichols Brian S. C/O CORVEL CORPORATION 5128 APACHE PLUME ROAD, SUITE 400 FORT WORTH, TX 76109 |
Chief Financial Officer | |||
| /s/ Sharon O'Connor, Attorney-in-Fact for Brian Nichols | 02/02/2026 | |
| **Signature of Reporting Person | Date |
| * | 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. |
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Remarks: Exhibit 24.1 - Power of Attorney |
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