The selling is routine in dollar terms and likely reflects pre-planned 10b5-1 plans or post-vesting liquidity. No bearish signal — monitor next 10-Q for any fundamental deterioration, but this cluster alone does not warrant action.
Price Chart
Executive Summary
CEO Michael Combs sold 28,000 shares for ~$1.7M over four days, and Director Michael Jeffrey sold 9,000 shares for ~$549K after exercising options. The cluster totals $2.25M in open-market sales, representing ~0.07% of CRVL's $3.1B market cap — a trivial proportion. Director Judd's derivative exercises and tax withholdings are non-cash events with no economic signal. The selling is routine in size and likely liquidity/vesting-driven, not indicative of material negative news.
Key Financial Metrics
Key Facts
- CEO Michael Combs sold 28,000 shares total across 4 days (June 8-11) at ~$60.22-$61.38, netting ~$1.7M
- Director Michael Jeffrey sold 9,000 shares at $60.98 on June 9, netting ~$549K, after exercising options at $14.44
- Director Jessup Judd exercised 18,000 options (two grants at $60.79 and $14.44) and surrendered 2,153 shares for tax withholding — no net open-market sale
- Total open-market sales in cluster: ~$2.25M, or ~0.07% of CRVL's $3.1B market cap
- No insider purchases in the cluster; all open-market activity is selling
Financial Impact
Total insider sales of ~$2.25M represent 0.07% of market cap — immaterial relative to company size
Risk Factors
- CEO selling 28K shares in a concentrated window could be misinterpreted by the market as negative signaling
- If future filings reveal unexpected negative news (e.g., earnings miss), the insider sales may be viewed as opportunistic in hindsight
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRVL-1781311146264 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | Insider Cluster | $69.24 $68.23 | ▼ −1.46% | ▼ −1.57% | $75.47 (+9.00%) |
Aug 5, 2026 8w ago | Press Release | $62.57 $62.75 | ▲ +0.29% | ▼ −0.06% | $75.47 (+20.62%) |
Jun 26, 2026 14w ago | DEFA14A | $61.65 $63.89 | ▲ +3.63% | ▲ +2.25% | $75.47 (+22.42%) |
Jun 16, 2026 15w ago | Insider Cluster | $59.69 $59.69 | · 0.00% | ▲ +2.23% | $75.47 (+26.44%) |
Jun 11, 2026 16w ago | Insider Cluster | $60.34 $58.53 | ▼ −3.01% | ▼ −3.68% | $75.47 (+25.07%) |
Jun 11, 2026 16w ago | Insider Cluster | $60.34 $58.53 | ▼ −3.01% | ▼ −3.68% | $75.47 (+25.07%) |
Jun 10, 2026 16w ago | Insider Cluster | $60.79 $58.14 | ▼ −4.36% | ▼ −4.79% | $75.47 (+24.15%) |
Jun 2, 2026 17w ago | Press Release | $57.61 $61.11 | ▲ +6.08% | ▲ +9.04% | $75.47 (+31.00%) |
Jun 1, 2026 17w ago | 8-K | $57.61 $61.11 | ▲ +6.08% | ▲ +9.04% | $75.47 (+31.00%) |
Jun 1, 2026 17w ago | Press Release | $57.61 $61.11 | ▲ +6.08% | ▲ +9.04% | $75.47 (+31.00%) |
US Market Status
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