0000950170-24-045191.txt : 20240417 0000950170-24-045191.hdr.sgml : 20240417 20240417173642 ACCESSION NUMBER: 0000950170-24-045191 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231211 FILED AS OF DATE: 20240417 DATE AS OF CHANGE: 20240417 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: O'Brien Brandon CENTRAL INDEX KEY: 0001754499 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-19291 FILM NUMBER: 24852146 MAIL ADDRESS: STREET 1: 2010 MAIN STREET STREET 2: SUITE 600 CITY: IRVINE STATE: CA ZIP: 92614 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CORVEL CORP CENTRAL INDEX KEY: 0000874866 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] ORGANIZATION NAME: 02 Finance IRS NUMBER: 330282651 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 2010 MAIN STREE STREET 2: SUITE 1020 CITY: IRVINE STATE: CA ZIP: 92614 BUSINESS PHONE: 9498511473 MAIL ADDRESS: STREET 1: 2010 MAIN STREET STREET 2: SUITE 1020 CITY: IRVINE STATE: CA ZIP: 92614 FORMER COMPANY: FORMER CONFORMED NAME: FORTIS CORP DATE OF NAME CHANGE: 19600201 4/A 1 ownership.xml 4/A X0508 4/A 2023-12-11 2023-12-13 0000874866 CORVEL CORP CRVL 0001754499 O'Brien Brandon C/O CORVEL CORPORATION 5128 APACHE PLUME ROAD, SUITE 400 FORT WORTH TX 75109 false true false false Chief Financial Officer false Common Stock 7305 D Non-Qualified Stock Option (right to buy) 77.93 2024-11-05 Common Stock 0 0 D On December 13, 2023, the Reporting Person filed a Form 4 (the "Original Form 4") reporting the (a) December 11, 2023 exercise of 300 non-qualified stock options ("NQSOs") originally granted to the Reporting Person on November 5, 2019 (the "2019 NQSO Grant"), (b) receipt of 300 shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), underlying such NQSOs (the "Shares"), and (c) subsequent open-market sale of the Shares (collectively, the "Transactions"). The Reporting Person was originally granted an aggregate of 7,500 NQSOs in the 2019 NQSO Grant, the vesting of which was subject to the achievement of certain performance criteria related to the Issuer's earnings growth. Of those 7,500 NQSOs, 7,125 vested upon the achievement of such performance criteria and were subsequently exercised by the Reporting Person as previously disclosed in the Reporting Person's Form 4 filings. (Continued from footnote 1) The remaining 375 NQSOs were canceled by the Issuer for failure to achieve certain performance criteria. Accordingly, the Reporting Person did not hold the 300 NQSOs exercised on December 11, 2023, and the Transactions reported on the Original Form 4 occurred due to an administrative error. Each Transaction was subsequently reversed. This amendment is being filed to confirm the number of shares of Common Stock held by the Reporting Person as of the date hereof, and to correct the number of 2019 NQSOs held by the Reporting Person as of the date hereof following the reversal of the Transactions. Following the vesting and exercise by the Reporting Person of 7,125 NQSOs from the 2019 NQSO Grant and the cancellation of the remaining 375 NQSOs for failure to achieve certain performance criteria, the Reporting Person no longer holds any of the NQSOs included in the November 5, 2019 equity grant. /s/ Brandon O'Brien 2024-04-17