Michael G. Combs, CEO and President of CorVel Corp, filed a statement of changes in beneficial ownership on August 10, 2026, disclosing the acquisition of a non-qualified stock option on August 6, 2026.

Key Highlights

  • Reporting person: Michael G. Combs, CEO and President of CorVel Corp (NASDAQ: CRVL)
  • Transaction date: August 6, 2026, with the filing submitted August 10, 2026
  • Options acquired: 1,500 non-qualified stock options (right to buy) acquired at a price of $0.0
  • Exercise price: $62.45 per share, with an expiration date of August 6, 2036
  • Vesting schedule: Exercisable in four equal and successive annual installments commencing 12 months following the date of grant
  • Resulting ownership: 1,500 derivative securities beneficially owned following the reported transaction, held directly

CorVel Corp CEO Option Grant: Transaction Details and Vesting Terms

According to the filing, Michael G. Combs, serving as CEO and President of CorVel Corp, received a grant of 1,500 non-qualified stock options on August 6, 2026. The options carry an exercise price of $62.45 per share and are exercisable for shares of CorVel common stock. The filing reports the acquisition transaction code as "A" and lists the price of the derivative security as $0.0, indicating no cost to the reporting person at the time of grant. The options are set to expire on August 6, 2036, providing a ten-year window from the grant date.

The filing discloses that the options are "exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant," according to the explanation of responses provided. This means each installment, representing 375 options, becomes exercisable annually beginning August 6, 2027. CorVel Corp is a managed care services company traded on NASDAQ under the ticker CRVL. Following the reported transaction, Combs beneficially owns 1,500 derivative securities in direct form, as stated in the filing. The filing was signed by Sharon O'Connor on behalf of Michael Combs and submitted on August 10, 2026.

What Was Disclosed

The filing reports a single derivative securities transaction: the grant of 1,500 non-qualified stock options to CorVel Corp's CEO and President, Michael G. Combs, with an exercise price of $62.45, vesting over four annual installments, and expiring August 6, 2036.