Form 4: Corvel Corp CFO Brandon O'Brien Executes Stock Options and Sells Shares

Chief Financial Officer of Corvel Corp, Brandon O'Brien, exercised stock options and sold shares on August 1st and 2nd, 2024.

Summary

• Brandon O'Brien, the CFO of Corvel Corp, engaged in multiple transactions involving Corvel's common stock on August 1st and 2nd, 2024.
• These transactions included the exercise of non-qualified stock options and the subsequent sale of shares.
• On August 1st, O'Brien exercised options to acquire 500 shares at a price of $87.69 and sold 142 and 161 shares to cover the option exercise price and tax liability at $306.82.
• On August 2nd, O'Brien exercised options to acquire 400 shares at $87.69, 13 shares at $119.48, 62 shares at $79.49 and 25 shares at $52.69.
• O'Brien then sold 400 shares, 13 shares, 62 shares and 25 shares at $300.0843.
• Following these transactions, O'Brien directly owns 7,502 shares of Corvel Corp.
• The transactions were executed pursuant to O'Brien's rights under existing non-qualified stock option grants.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't convey any particularly positive or negative sentiment about the company's performance or outlook.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within the industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.

Key Dates