Michael G. Combs, CEO and President of CorVel Corporation (CRVL), has demonstrated a consistent pattern of selling activity in the company’s stock over the past two years, with no recent purchases. According to SEC Form 4 filings, Combs has executed 34 transactions totaling $5.8 million in sales against $3.2 million in buys—a net divestment trend. His most recent sale occurred on March 9, 2026, when he disposed of $432,702 worth of CRVL shares. Prior to that, a series of smaller transactions in early 2026, including multiple dispositions labeled as gifts (code F) and market sales (code M), accounted for over $1.4 million in aggregate value.
The bulk of Combs’ selling occurred in early 2025 and 2024, with notable transactions including a $446,897 sale on February 15, 2024, and a $252,905 market disposition on January 6, 2025. While some filings reflect minor acquisitions (code A), such as a $3,247 purchase in March 2024, these were dwarfed by the scale of his sales. The absence of recent buys and the concentration of sales in CRVL—his only reported holding—suggest a deliberate reduction in exposure. The transactions, particularly the larger market sales, indicate a measured but persistent shift away from equity accumulation in the company.
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