CorVel (CRVL) Director Alan Hoops Receives 1,500-Share Award

What Happened
Alan Hoops, a director of CorVel Corp (CRVL), received a derivative award of 1,500 shares on August 6, 2026. The grant is reported as an acquisition (code A) with a reported acquisition price of $0.00, meaning no cash was paid for the award at grant. The Form 4 covering this transaction was filed on August 10, 2026.

Key Details

• Transaction date: 2026-08-06; Form 4 filed: 2026-08-10 (timely filing).
• Transaction type/code: Grant / Award (A).
• Shares granted: 1,500 shares; reported price: $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — Award is exercisable in four equal and successive annual installments beginning 12 months after the grant date.
• No indication of a 10b5-1 plan, cashless exercise, gift, or tax-withholding reported in this filing.

Context
This was a derivative award (rights to receive or exercise into shares subject to vesting), not an open-market purchase or sale. Such director awards are commonly used for compensation/retention and vest over time; they do not by themselves indicate immediate buying or selling intent. Retail investors should note the vesting schedule if assessing potential future insider-selling or dilution.