CorVel CEO Michael Combs Sells 21,000 Shares

What Happened

• Michael G. Combs, CEO and President of CorVel Corp (CRVL), reported three open‑market sales totaling 21,000 shares between June 9 and June 11, 2026.
• Sales: 7,000 shares @ $60.90 on 2026-06-09 ($426,293); 7,000 shares @ $61.38 on 2026-06-10 ($429,626); 7,000 shares @ $60.55 on 2026-06-11 ($423,820). Total proceeds ≈ $1,279,739.

Key Details

• Transaction dates and prices:
  • 2026-06-09 — 7,000 shares sold @ $60.90 ($426,293)
  • 2026-06-10 — 7,000 shares sold @ $61.38 ($429,626)
  • 2026-06-11 — 7,000 shares sold @ $60.55 ($423,820)
• Total shares sold: 21,000; total proceeds: ≈ $1.28M.
• Transaction type: S = Sale (open-market dispositions).
• Filing: Form 4 filed 2026-06-11 reporting transactions dated 2026-06-09 through 2026-06-11; filing appears timely based on dates.
• Shares owned after transaction: Not specified in the data you provided.
• Footnotes/plan: No 10b5‑1 plan, tax withholding, or other footnotes were indicated in the provided summary.

Context

• These were outright sales (dispositions) — not purchases or option exercises. Sales by executives can be for many reasons (diversification, liquidity, planned selling), and are not, by themselves, definitive signals about company prospects. The filing shows routine open‑market sales rather than awards, gifts, or derivative transactions.