CorStar Holdings Inc., a 10% owner of CorVel Corp, filed a Form 4 on September 15, 2026, disclosing the sale of a combined 158,749 shares of CorVel common stock across two transactions executed on September 11 and September 14, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • First sale: 30,925 shares of CorVel common stock were disposed of on September 11, 2026, at a price of $69.0478 per share.
  • Second sale: 127,824 shares were disposed of on September 14, 2026, at a price of $70.1594 per share.
  • Remaining ownership: Following the two transactions, CorStar Holdings directly beneficially owned 18,517,108 shares of CorVel common stock.
  • Rule 10b5-1 plan: The filing indicates both transactions were made pursuant to a contract, instruction, or written plan satisfying the affirmative defense conditions of Rule 10b5-1(c).
  • Reporting relationship: CorStar Holdings is identified as a 10% owner of CorVel Corp (NASDAQ:CRVL).
  • Signatory: The form was signed by Jeffrey Michael on behalf of CorStar Holdings, Inc., on September 15, 2026.

CorStar Holdings Reduces CorVel Position Under 10b5-1 Plan

According to the filing, CorStar Holdings Inc., headquartered at 6640 Shady Oak Rd., Ste. 370, Eden Prairie, Minnesota 55344, disposed of a total of 158,749 shares of CorVel Corp common stock over two consecutive trading sessions. Both transactions carried transaction code "S," indicating open-market sales, and the filing confirms they were executed under a pre-established Rule 10b5-1(c) trading plan.

The first transaction, dated September 11, 2026, involved the sale of 30,925 shares at $69.0478 per share, reducing CorStar's directly held position to 18,644,932 shares. The second transaction, dated September 14, 2026, covered 127,824 shares sold at $70.1594 per share, bringing the reported remaining direct beneficial ownership to 18,517,108 shares. Both ownership figures are reported as held directly by CorStar Holdings.

No derivative securities transactions were reported in Table II of the filing. The form was filed by one reporting person and was not identified as an amendment to a prior filing. CorVel Corp trades on NASDAQ:CRVL.

What Was Disclosed

CorStar Holdings Inc. disclosed two open-market sales of CorVel Corp common stock on September 11 and September 14, 2026, totaling 158,749 shares, executed under a Rule 10b5-1 plan, with a remaining direct beneficial ownership of 18,517,108 shares following the transactions.