Bertels Mark E. 4

What Happened
Mark E. Bertels, Executive Vice President — Risk Management Services at CorVel Corporation (CRVL), received a derivative award for 6,000 shares on 2026-03-04. The award shows a reported acquisition price of $0.00, indicating a grant (no cash paid). This is an equity award (derivative) rather than an open-market purchase or sale, so it does not represent an immediate cash transaction.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (appears timely).
• Instrument: Derivative award (transaction code A — grant/award).
• Shares/amount: 6,000 derivative shares; reported price $0.00; total reported value $0.
• Vesting/exercise: Exercisable as to 25% of shares one year after grant, with remaining shares exercisable in 36 equal monthly installments thereafter (footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed two days after the transaction date, which generally meets Form 4 timing requirements.

Context
This is a company grant of a derivative award (likely stock options or similar exercisable awards) subject to a time-based vesting/exercise schedule. Such grants are common as part of executive compensation and do not necessarily signal an immediate bullish or bearish view by the insider, since the shares are not immediately owned free-and-clear and no sale/purchase occurred.