CRVL CORVEL CORP
Price Chart
Executive Summary
CEO Michael Combs sold ~$1.7M in stock over four consecutive days (6/8–6/11) in identical 7,000-share blocks, and Director Michael Jeffrey exercised options and sold ~$549K on 6/9. Total insider sales of ~$2.25M over the extended period represent only ~0.07% of CorVel's $3.1B market cap, making them immaterial to the company's valuation.
Key Financial Metrics
Actionable Insight
The consistent pattern of daily CEO sells likely reflects a preset 10b5-1 plan rather than a bearish signal. Monitor next Form 4 filings for any 10b5-1 adoption disclosure or changes in selling pace. No immediate trading action warranted given the immaterial dollar volumes.
Key Facts
- CEO Michael Combs sold 7,000 shares each day on 6/8, 6/9, 6/10, and 6/11 — totaling 28,000 shares for ~$1.70M.
- Director Michael Jeffrey exercised options on 9,000 shares at $14.44 (value $129,960) and immediately sold them at $60.98 ($548,834), plus a $0 exercise.
- Total open-market sales within the 6/2–6/9 cluster window were ~$1.40M; the broader 4-day CEO selling brings the total to ~$2.25M.
- Selling represents ~0.07% of CRVL's $3.1B market cap — well below the 0.1% materiality threshold.
- The CEO's identical daily amounts suggest a possible 10b5-1 trading plan.
Financial Impact
Total insider sales of ~$2.25M, or 0.07% of market cap — economically trivial
Risk Factors
- CEO selling could accelerate if not part of a plan, but current volumes are trivial.
- No other filings (earnings, M&A, restatement) accompany this cluster to amplify concerns.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRVL-1781211563081 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Insider Cluster
| $60.77 awaiting T+1 | awaiting T+1 | — | $60.34 (−0.71%) |
|
Jun 11, 2026
3d ago
|
Insider Cluster
| $60.77 awaiting T+1 | awaiting T+1 | — | $60.34 (−0.71%) |
|
Jun 10, 2026
4d ago
|
Insider Cluster
| $61.05 awaiting T+1 | awaiting T+1 | — | $60.34 (−1.16%) |
|
Jun 2, 2026
12d ago
|
Press Release
| $57.61 $57.27 | ▼ −0.59% | ▲ +0.13% | $60.34 (+4.74%) |
|
Jun 1, 2026
13d ago
|
8-K
| $57.61 $57.27 | ▼ −0.59% | ▲ +0.13% | $60.34 (+4.74%) |
|
Jun 1, 2026
13d ago
|
Press Release
| $57.61 $57.27 | ▼ −0.59% | ▲ +0.13% | $60.34 (+4.74%) |
|
May 20, 2026
25d ago
|
Press Release
| $64.26 $61.54 | ▼ −4.23% | ▼ −4.43% | $60.34 (−6.10%) |
|
Apr 20, 2026
8w ago
|
Court Ruling
| $54.72 $56.41 | ▲ +3.09% | ▲ +3.74% | $60.34 (+10.27%) |
|
Mar 9, 2026
14w ago
|
Insider Cluster
| $53.60 $51.62 | ▼ −3.69% | ▼ −3.51% | $60.34 (+12.57%) |
|
Feb 28, 2026
15w ago
|
Institutional Cluster
| $52.42 $52.23 | ▼ −0.36% | ▲ +0.55% | $60.34 (+15.11%) |
US Market Status
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