David R. Parker - Feb 16, 2024 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Signature
/s/ David R. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol
CVLG
Transactions as of
Feb 16, 2024
Transactions value $
-$2,346,178
Form type
4
Date filed
2/21/2024, 05:27 PM
Previous filing
Jan 3, 2024
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Sale -$35.9K -674 -0.2% $53.24 330K Feb 16, 2024 Direct F1
transaction CVLG Class A Common Stock Sale -$236K -4.33K -1.31% $54.61 326K Feb 16, 2024 Direct F2
transaction CVLG Class A Common Stock Sale -$496K -9.62K -2.95% $51.55 316K Feb 20, 2024 Direct F3
transaction CVLG Class A Common Stock Sale -$543K -10.4K -3.28% $52.29 306K Feb 20, 2024 Direct F4
transaction CVLG Class A Common Stock Sale -$157K -3.02K -0.99% $51.95 303K Feb 21, 2024 Direct F5
transaction CVLG Class A Common Stock Sale -$878K -17K -1.39% $51.73 1.2M Feb 21, 2024 Direct F6, F7
holding CVLG Class A Common Stock 37.8K Feb 16, 2024 401(k) F8
holding CVLG Class B Common Stock 2.35M Feb 16, 2024 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reflects a weighted average sale price for multiple transactions ranging from $53.06 to $53.58, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
F2 The price reflects a weighted average sale price for multiple transactions ranging from $54.16 to $54.855, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
F3 The price reflects a weighted average sale price for multiple transactions ranging from $51.19 to $51.885, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
F4 The price reflects a weighted average sale price for multiple transactions ranging from $52.10 to $52.45, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
F5 The price reflects a weighted average sale price for multiple transactions ranging from $51.915 to $52.06, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
F6 The price reflects a weighted average sale price for multiple transactions ranging from $51.36 to $51.915, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
F7 Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
F8 The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 16, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 16, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.