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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/13/24 |
Issuer: |
| Issuer CIK: 874866 |
| Issuer Name: CORVEL CORP |
| Issuer Trading Symbol: CRVL |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 946724 |
| | Owner Name: CLEMONS V GORDON |
| Reporting Owner Address: |
| | Owner Street 1: C/O CORVEL CORPORATION |
| | Owner Street 2: 5128 APACHE PLUME ROAD, SUITE 400 |
| | Owner City: FORT WORTH |
| | Owner State: TX |
| | Owner ZIP Code: 75109 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chairman of the Board |
Aff 10b5 One? No |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/13/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: G |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,500 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 901,530 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Trustee of Gordon Clemons Revocable Declaration of Trust |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/13/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: G |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,500 |
| Footnote ID: F3 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 900,030 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Trustee of Gordon Clemons Revocable Declaration of Trust |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/13/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: J |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 41,950 |
| Footnote ID: F4 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 268,584 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Spouse's Living Trust |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/13/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: J |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 41,950 |
| Footnote ID: F4 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 41,950 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Spouse's Charitable Remainder Trust |
Footnotes: |
| Footnote - F1: The reported gift was made by the Gordon Clemons Revocable Declaration of Trust (the "Gordon Clemons Trust") to The Anne Marie Clemons 2012 IR TR Anne Marie Thomas TTEE. |
| Footnote - F2: The shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), previously reported as directly owned by the Reporting Person were reported as such due to an administrative error. Such shares of Common Stock have instead been held by the Gordon Clemons Trust, of which the Reporting Person is a trustee, since August 2, 2018. |
| Footnote - F3: The reported gift was made by the Gordon Clemons Trust to MC Exempt V Gordon Clemons 2020 Gift TR Victor Gordon Clemons TTEE. |
| Footnote - F4: The reported transaction reflects a transfer of shares of Common Stock made by the Marie Eve Clemons Living Trust to the Marie Clemons 2024 Charitable Remainder Trust. The Reporting Person disclaims beneficial ownership of these shares of Common Stock except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for Section 16 purposes. |
Owner Signature: |
| Signature Name: /s/ Sharon O'Connor, Attorney-in-Fact for V. Gordon Clemons |
| Signature Date: 3/15/24 |