Shishin Maxim 4

What Happened

• Maxim Shishin, Chief Information Officer of CorVel Corporation (CRVL), received a grant/award of 8,000 derivative share-based units on March 4, 2026. The reported acquisition price is $0.00, and the Form 4 classifies the transaction as an award/grant (code A) for a derivative security.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (filed within the normal 2-business-day window).
• Amount: 8,000 derivative shares; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Vesting/exercise schedule — 25% of the shares become exercisable one year after the grant date; the remaining shares vest in 36 equal monthly installments thereafter.
• Transaction code: A (award/grant); derivative security (not an open-market buy or sale).

Context

• This was a grant of share-based compensation rather than a market purchase or sale, so it reflects company compensation policy rather than an immediate buy/sell decision by the insider. The award vests over multiple years, tying compensation to future service or performance rather than immediate ownership.