Form 4: Corvel Corp Chairman Sells 800 Shares in Recent Transaction

Corvel Corp's Chairman of the Board, V. Gordon Clemons, sold 800 shares of common stock at $362 per share on November 19, 2024.

Summary

• V. Gordon Clemons, Chairman of the Board at Corvel Corp, sold 800 shares of common stock on November 19, 2024.
• The sale price was $362 per share.
• Following the transaction, Mr. Clemons directly owns 834,492 shares and indirectly owns 260,784 shares through a spouse's living trust.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock sale, which is neither particularly positive nor negative. The sentiment is neutral.

Management Comments

• The reporting person disclaims beneficial ownership to the securities held in the Marie Eve Clemons Living Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 purposes.

Industry Context

Insider trading activity is a common occurrence and is closely monitored by regulators and investors as it can provide insights into management's perspective on the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies.
• The sale of 800 shares by a company chairman is not unusual, but the size of the transaction is relatively small compared to the total holdings of the individual.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a relatively small sale by an insider.

Key Dates

Keywords

Corvel Corp, insider trading, stock sale, V. Gordon Clemons, Form 4, share transaction, beneficial ownership