David Ray Parker - 16 Feb 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
Issuer symbol
CVLG
Transactions as of
16 Feb 2024
Net transactions value
-$2,346,178
Form type
4
Filing time
21 Feb 2024, 17:27:33 UTC
Previous filing
03 Jan 2024
Next filing
26 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Sale $35,886 -674 -0.2% $53.24 330,063 16 Feb 2024 Direct F1
transaction CVLG Class A Common Stock Sale $236,252 -4,326 -1.3% $54.61 325,737 16 Feb 2024 Direct F2
transaction CVLG Class A Common Stock Sale $495,895 -9,619 -3% $51.55 316,118 20 Feb 2024 Direct F3
transaction CVLG Class A Common Stock Sale $542,857 -10,381 -3.3% $52.29 305,737 20 Feb 2024 Direct F4
transaction CVLG Class A Common Stock Sale $156,849 -3,019 -0.99% $51.95 302,718 21 Feb 2024 Direct F5
transaction CVLG Class A Common Stock Sale $878,439 -16,981 -1.4% $51.73 1,203,890 21 Feb 2024 Direct F6, F7
holding CVLG Class A Common Stock 37,804 16 Feb 2024 401(k) F8
holding CVLG Class B Common Stock 2,350,000 16 Feb 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.