SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Bertels Mark E.

(Last)

(First)

(Middle)

5128 APACHE PLUME ROAD, SUITE 400

(Street)

FORT WORTH

75109

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2022

3. Issuer Name and Ticker or Trading Symbol
CORVEL CORP [ CRVL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP - Risk Management Services

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	845	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-Qualified Stock Option (right to buy)	⁽¹⁾	05/03/2023	Common Stock	1,250	$49.4	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	04/30/2025	Common Stock	350	$52.69	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	02/01/2023	Common Stock	750	$53.4	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	08/02/2023	Common Stock	500	$57.35	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	11/02/2022	Common Stock	450	$57.75	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	11/01/2023	Common Stock	250	$59.32	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	07/31/2025	Common Stock	300	$79.49	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	08/08/2024	Common Stock	200	$87.49	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	11/05/2025	Common Stock	300	$87.69	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	02/04/2025	Common Stock	300	$88.22	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	02/04/2026	Common Stock	400	$103.31	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	05/06/2026	Common Stock	350	$119.48	D
Non-Qualified Stock Option (right to buy)	⁽¹⁾	08/05/2026	Common Stock	250	$157.94	D
Non-Qualified Stock Option (right to buy)	⁽²⁾	12/08/2026	Common Stock	2,500	$197.16	D

Explanation of Responses:

1. Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.

2. Option will vest based on achievement of certain performance criteria relating to earnings growth.

	By: Sharon O'Connor For: Mark Bertels	04/08/2022
	** Signature of Reporting Person	Date
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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.