Paul Bunn - 31 Dec 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
Issuer symbol: CVLG
Transactions as of: 31 Dec 2023
Net transactions value: -$212,244
Form type: 4
Filing time: 03 Jan 2024, 16:44:07 UTC
Previous filing: 19 May 2023
Next filing: 01 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Tax liability	$212,244	-4,610	-4.3%	$46.04	101,541	31 Dec 2023	Direct	F1
holding	CVLG	Class A Common Stock						2,515	31 Dec 2023	By Spouse
holding	CVLG	Class A Common Stock						20,611	31 Dec 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 the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the Reporting Person.
F2	The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's December 28, 2023 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on December 28, 2023. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.