Filing Details

CorVel Corporation

(Name of Issuer)

Common Stock, $0.0001 Par Value Per Share

(Title of Class of Securities)

221006109

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

CUSIP NO. 221006109

13G/A

Page 2 of 4 Pages

1.

NAMES OF REPORTING PERSONS

V. Gordon Clemons

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(a) ☐
(SEE INSTRUCTIONS)(b) ☐

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5.

SOLE VOTING POWER

1,389,837

6.

SHARED VOTING POWER

0

7.

SOLE DISPOSITIVE POWER

1,389,837

8.

SHARED DISPOSITIVE POWER

0

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,389,837

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)☐

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.87%

12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IN

CUSIP NO. 221006109

13G/A

Page 3 of 4 Pages

Item 1(a).

Name of Issuer:

CorVel Corporation (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Offices:

5128 Apache Plume Road, Suite 400

Fort Worth, TX 76109

Item 2(a).

Name of Person Filing:

V. Gordon Clemons ("Mr. Clemons")

Item 2(b).

Address of Principal Business Office or, if None, Residence:

c/o CorVel Corporation

5128 Apache Plume Road, Suite 400, Fort Worth, TX 76109

Item 2(c).

Citizenship

United States of America

Item 2(d).

Title of Class of Securities:

Common Stock, $0.0001 Par Value Per Share

Item 2(e).

CUSIP Number:

221006109

Item 3.

If This Statement is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

(a)  ☐ Broker or dealer registered under section 15 of the Act;

(b)  ☐ Bank as defined in section 3(a)(6) of the Act;

(c)  ☐ Insurance company as defined in section 3(a)(19) of the Act;

(d)  ☐ Investment company registered under section 8 of the Investment Company Act of 1940;

(e)  ☐ An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);

(f)  ☐ An employee benefit plan or endowment fund in accordance with Section
240.13d-1(b)(1)(ii)(F);

(g)  ☐ A parent holding company or control person in accordance with Section
240.13d-1(b)(1)(ii)(G);

(h)  ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

(i)  ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

(j)  ☐ A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J);

(k)  ☐ Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).

If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Not Applicable

Item 4.

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount Beneficially Owned:  

1,389,837

(b)

Percent of Class:

7.87%

(c)

Number of shares as to which the person has:

CUSIP NO. 221006109

13G/A

Page 4 of 4 Pages

(i)

Sole power to vote or to direct the vote:

1,389,837

(ii)

Shared power to vote or to direct the vote:

0

(iii)

Sole power to dispose or to direct the disposition of:

1,389,837

(iv)

Shared power to dispose or to direct the disposition of:

0

As of December 31, 2021, Mr. Clemons beneficially owns 1,389,837 shares of Common Stock of the Issuer.

Mr. Clemons’ beneficial ownership, including all shares owned directly represents 7.87% in the aggregate of the Issuer’s outstanding Common Stock.

Item 5.

Ownership of 5 Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following.  ☐

Not Applicable

Item 6.

Ownership of More than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Section 240.14a-11.

Dated:  February 14, 2022

/s/ V. Gordon Clemons

Name: V. Gordon Clemons