Shishin Maxim 4

What Happened

• Maxim Shishin, Chief Information Officer of CorVel Corp (CRVL), exercised options to acquire 2,400 shares on 2026-03-16 at an exercise price of $39.83 per share (total cost $95,585) and immediately sold those 2,400 shares in an open-market transaction at $54.00 per share (gross proceeds $129,604). The filing also shows the underlying derivative/options were disposed (canceled) upon exercise.

Key Details

• Transaction date: 2026-03-16.
• Exercise: 2,400 shares @ $39.83 — cost $95,585.
• Sale: 2,400 shares @ $54.00 — proceeds $129,604.
• Net difference (proceeds minus exercise cost): ~$34,019 (gross, before taxes and fees).
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Footnote F1: the options vest 25% after one year from grant, then in 36 equal monthly installments.
• Filing date: 2026-03-17 — filed promptly (not indicated as late).

Context

• This was an option exercise followed by an immediate open-market sale (a common cashless-exercise pattern), meaning the insider converted options to shares and sold them the same day. Such transactions often cover the exercise cost and taxes; they are routine and do not, by themselves, indicate his longer-term view of the stock.