Combs Michael G

Combs Michael G, CEO and President of CorVel Corporation (CRVL), has been a consistent seller of the company’s stock over the past year, with no open-market purchases on record. His most recent activity shows six straight open-market sales (code S) in June 2026, totaling roughly $1.73 million. The largest of these transactions occurred on June 11, when he sold shares valued at $423,819.90, followed by a $429,625.70 sale on June 10 and a $426,293 sale on June 9. The selling streak began in March with a $432,702 disposition, bringing his total open-market sales across the period to approximately $2.69 million. Outside of these discretionary sales, Combs’s Form 4 filings are dominated by mechanical and compensation-related events. In January 2026, he exercised options (code M) worth about $1.47 million, but simultaneously had shares withheld to cover taxes (code F) totaling roughly $1.62 million—a net neutral outcome. He also received periodic equity awards (code A), including a $3,218.88 grant in March 2026 and a $3,236.16 award in September 2025, which are compensation rather than conviction buys. Over the entire filing history, his total acquired value stands at just $9,702.60, almost entirely from option exercises and grants. The pattern is unambiguous: Combs has not purchased a single share of CRVL on the open market, while selling over $2.68 million worth in the last year. His June 2026 sales are particularly notable for their frequency and size, occurring on five consecutive trading days. The absence of any buy-side activity, combined with the steady stream of six-figure sales, suggests a sustained reduction in his direct ownership stake, though the transactions remain within routine insider-selling norms for a CEO with a long tenure.