Paul Bunn - May 17, 2023 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: President, COO, and Secretary
Signature: /s/ Paul Bunn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol: CVLG
Transactions as of: May 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/19/2023, 10:38 AM
Previous filing: Mar 2, 2023
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Award	$0	+23.3K	+28.05%	$0.00	106K	May 17, 2023	Direct	F1
holding	CVLG	Class A Common Stock						2.52K	May 17, 2023	By Spouse
holding	CVLG	Class A Common Stock						20.6K	May 17, 2023	401(k)	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The award is subject to certain vesting, forfeiture, and termination provisions.
F2	The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's May 17, 2023 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 17, 2023. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.