Form 4: Corvel Corp Director Judd Jessup Exercises Stock Options
SEC Form 4 Filing
Director Judd Jessup exercised stock options and disposed of shares to cover the exercise price and tax liability.
Summary
- On April 1, 2025, Judd Jessup, a director of Corvel Corp, exercised non-qualified stock options to acquire 9,000 shares of common stock at a price of $11.053 per share.
- Jessup then disposed of 877 shares of common stock at $113.41 per share to cover the option exercise price and associated tax liability.
- Following these transactions, Jessup directly owns 130,454 shares of Corvel Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock option exercises, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small disposal of shares to cover costs.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock option exercise and share disposal |
| 04/02/2025 | Date of signature on the Form 4 filing |
| 08/06/2025 | Expiration date of the non-qualified stock option |
Keywords
stock options, director, CRVL, Corvel Corp, Form 4, Judd Jessup, insider trading
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