# EDGAR Filing Document

**Accession Number:** 0000874866
**File Stem:** 0001193125-26-034160
**Filing Date:** 2026-2
**Character Count:** 10279
**Document Hash:** b6f49e0293c0c597acbe67d3e64ba1a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-034160.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0001193125-26-034160

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250910

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Nichols Brian S.
- **CENTRAL INDEX KEY:** 0002100449

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-19291
- **FILM NUMBER:** 26589967

**MAIL ADDRESS:**
- **STREET 1:** 1920 MAIN STREET, SUITE 900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92614
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CORVEL CORP
- **CENTRAL INDEX KEY:** 0000874866
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 330282651
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 2010 MAIN STREE
- **STREET 2:** SUITE 1020
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92614
- **BUSINESS PHONE:** 9498511473

**MAIL ADDRESS:**
- **STREET 1:** 2010 MAIN STREET
- **STREET 2:** SUITE 1020
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORTIS CORP
- **DATE OF NAME CHANGE:** 19600201

## Exhibit 24.1

**<u>POWER OF ATTORNEY</u>**

**KNOW ALL MEN BY THESE PRESENTS**, that the undersigned hereby constitutes and appoints Richard J. Schweppe and Sharon O'Connor and each of them, his or her true and lawful attorney-in-fact to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or non-employee member of the board of directors of CorVel Corporation (the "Company"), any and all Form 3, 4, 5 and other reports required to be filed by the undersigned in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, 5 or other required report and timely file such report with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned, pursuant to this Power of Attorney, shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform each and every act and thing whatsoever requisite, necessary, and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or his or her substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that no such attorney-in-fact, in serving in such capacity at the request of the undersigned, is hereby assuming, nor is the Company hereby assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Form 3, 4, 5 or other reports with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

**IN WITNESS WHEREOF**, the undersigned has caused this Power of Attorney to be executed as of this 10<sup>th</sup> day of November, 2025.

/s/ Brian S. Nichols<br>

------

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

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Nichols Brian S.<br><sub>(Last) (First) (Middle)</sub><br>C/O CORVEL CORPORATION<br>5128 APACHE PLUME ROAD, SUITE 400<br><sub>(Street)</sub><br>FORT WORTH, TX 76109<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>CORVEL CORP [ CRVL ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2025-09-10 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_Chief Financial Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Non-Qualified Stock Option (Right to Buy) | <sup>(1)</sup> | 2026-05-06 | Common Stock | 18<sup>(2)</sup> | $39.827 | D |  |
| Non-Qualified Stock Option (Right to Buy) | <sup>(1)</sup> | 2026-08-05 | Common Stock | 51<sup>(3)</sup> | $52.647 | D |  |
| Non-Qualified Stock Option (Right to Buy) | <sup>(1)</sup> | 2027-02-03 | Common Stock | 126<sup>(4)</sup> | $51.01 | D |  |
| Non-Qualified Stock Option (Right to Buy) | <sup>(1)</sup> | 2027-05-12 | Common Stock | 162<sup>(5)</sup> | $49.63 | D |  |
| Non-Qualified Stock Option (Right to Buy) | <sup>(1)</sup> | 2027-08-04 | Common Stock | 201<sup>(6)</sup> | $54.537 | D |  |
| Non-Qualified Stock Option (Right to Buy) | <sup>(1)</sup> | 2027-11-03 | Common Stock | 357<sup>(7)</sup> | $51.997 | D |  |
| Non-Qualified Stock Option (Right to Buy) | <sup>(1)</sup> | 2030-01-14 | Common Stock | 225<sup>(8)</sup> | $110.18 | D |  |

---

### Footnotes:

(1) Reflects a grant of a non-qualified stock option (the "Option") made to the Reporting Person under the Issuer's Restated Omnibus Incentive Plan (formerly the 1988 Executive Stock Option Plan). Twenty-five percent of the Option vests and becomes exercisable one year following the grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.

(2) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on May 6, 2021 covering an aggregate of 900 shares.

(3) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on August 5, 2021 covering an aggregate of 600 shares.

(4) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on February 3, 2022 covering an aggregate of 600 shares.

(5) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on May 12, 2022 covering an aggregate of 600 shares.

(6) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on August 4, 2022 covering an aggregate of 600 shares.

(7) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on November 3, 2022 covering an aggregate of 900 shares.

(8) Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on January 14, 2025 covering an aggregate of 225 shares.

**Remarks:**
Exhibit 24.1 - Power of Attorney

**Signature:** /s/  Sharon O'Connor, Attorney-in-Fact for Brian Nichols  
**Date:** 2026-02-02

### Remarks:

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).

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.**