CorVel (CRVL) Director Alan Hoops Exercises 9,000 Options

What Happened

• Alan Hoops, a director of CorVel Corp (CRVL), exercised options to acquire 9,000 shares on 2026-07-31 by paying $14.44 per share (total cost ≈ $129,960). The Form 4 also reports a simultaneous derivative disposition of 9,000 shares at $0 (no cash proceeds reported).

Key Details

• Transaction date: 2026-07-31; Exercise price paid: $14.44 per share; Acquisition value ≈ $129,960.
• Disposition line: 9,000 shares reported disposed at $0 (coded as derivative conversion/exercise).
• Shares owned after the transaction: Not specified in the provided filing details.
• Footnote: F1 — Options are exercisable in four equal annual installments beginning 12 months after grant.
• Filing status: Reported on 2026-08-03; appears to be filed timely (within required SEC reporting window).

Context

• Code M indicates an exercise or conversion of a derivative (options). The simultaneous zero‑price disposition reported on the filing does not reflect a market sale for proceeds; such entries often represent conversion/settlement mechanics (e.g., withholding or internal cancellation) rather than an open‑market sale. The footnote shows the option grants vest over four years.