Sec Form 4 Filing - HAMERSLAG STEVEN J @ CORVEL CORP - 2024-02-07

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person HAMERSLAG STEVEN J 2. Issuer Name and Ticker or Trading Symbol CORVEL CORP [ CRVL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 5128 APACHE PLUME ROAD, SUITE 400 3. Date of Earliest Transaction (MM/DD/YY) 02/07/2024 (Street) FORTH WORTH, TX75109 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/07/2024 M 1,000 ( 1 ) A $ 48.35 1,000 D Common Stock 02/07/2024 M 3,000 ( 2 ) A $ 57.35 4,000 D Common Stock 02/07/2024 M 3,000 ( 3 ) A $ 87.49 7,000 D Common Stock 02/07/2024 F 2,079 ( 4 ) D $ 232.26 4,921 D Common Stock 02/07/2024 G 4,921 ( 5 ) D $ 0 0 D Common Stock 02/07/2024 G 4,921 ( 5 ) A $ 0 116,389 I See Footnote ( 6 ) Common Stock 02/08/2024 S 1,192 D $ 239.67 ( 7 ) 115,197 I See Footnote ( 6 ) Common Stock 02/08/2024 S 808 D $ 240.36 ( 8 ) 114,389 I See Footnote ( 6 ) Common Stock 02/09/2024 S 927 D $ 238.21 ( 9 ) 113,462 I See Footnote ( 6 ) Common Stock 02/09/2024 S 1,019 D $ 239.52 ( 10 ) 112,443 I See Footnote ( 6 ) Common Stock 02/09/2024 S 255 D $ 240.27 ( 11 ) 112,188 I See Footnote ( 6 ) Common Stock 02/09/2024 S 430 D $ 241.42 ( 12 ) 111,758 I See Footnote ( 6 ) Common Stock 02/09/2024 S 290 D $ 242.32 ( 13 ) 111,468 I See Footnote ( 6 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-Qualified Stock Option (Right to Buy) $ 48.35 02/07/2024 M 1,000 ( 1 ) ( 1 ) 08/03/2027 Common Stock 1,000 ( 1 ) $ 0 0 D Non-Qualified Stock Option (Right to Buy) $ 57.35 02/07/2024 M 3,000 ( 2 ) ( 2 ) 08/02/2028 Common Stock 3,000 ( 2 ) $ 0 0 D Non-Qualified Stock Option (Right to Buy) $ 87.49 02/07/2024 M 3,000 ( 3 ) ( 3 ) 08/08/2029 Common Stock 3,000 ( 3 ) $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other HAMERSLAG STEVEN J 5128 APACHE PLUME ROAD SUITE 400 FORTH WORTH, TX75109 X Signatures /s/ Sharon O'Connor, Attorney-in-Fact for Steven J. Hamerslag 02/09/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Reflects the exercise of stock options awarded to the Reporting Person on August 3, 2017. The options became exercisable in four equal and successive annual installments commencing 12 months following the grant date. ( 2 )Reflects the exercise of stock options awarded to the Reporting Person on August 2, 2018. The options became exercisable in four equal and successive annual installments commencing 12 months following the grant date. ( 3 )Reflects the exercise of stock options awarded to the Reporting Person on August 8, 2019. The options became exercisable in four equal and successive annual installments commencing 12 months following the grant date. ( 4 )Reflects shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), withheld by the Issuer to cover the Reporting Person's exercise price of the stock options reported herein. ( 5 )On February 7, 2024, the Reporting Person made a bona fide gift of 4,921 shares of Common Stock to the Steven J. Hamerslag and Jean Wells Hamerslag Trust Dtd. 12/09/88 (the "Hamerslag Trust"), of which the Reporting Person is a trustee. ( 6 )The shares of Common Stock are held indirectly by the Reporting Person as trustee of the Hamerslag Trust. ( 7 )Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $239.39 to $239.97, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission (the "Staff"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 8 )Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $240.01 to $240.70, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 9 )Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $238.00 to $238.87, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 10 )Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $239.01 to $239.93, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 11 )Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $240.01 to $240.79, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 12 )Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $241.03 to $241.97, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 13 )Reflects the weighted average price per share at which the shares of Common Stock were sold. The shares were sold in multiple transactions at prices ranging from $242.05 to $242.73, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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