Form 4: Corvel Corp Director Jeffrey Michael Sells Shares Under 10b5-1 Trading Plan

Director Jeffrey Michael of Corvel Corp executed sales of common stock on April 9, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 9, 2025, Jeffrey Michael, a director and 10% owner of Corvel Corp, sold shares of common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 18, 2024.
• Two transactions occurred: 7,914 shares were sold at $116.64 per share, and 8,609 shares were sold at $117.31 per share.
• Following these transactions, Jeffrey Michael directly owns 551,787 shares of Corvel Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged trading plan, which doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Sales by company insiders are a common occurrence and are often viewed in the context of the insider's personal financial planning rather than a reflection of the company's prospects. Rule 10b5-1 plans are designed to allow insiders to sell shares without being accused of trading on non-public information.

Key Dates

Keywords

Form 4, Corvel Corp, CRVL, Jeffrey Michael, Director, 10% Owner, Stock Sale, Rule 10b5-1 Trading Plan, Insider Trading