David R. Parker - Feb 22, 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 22, 2024
Transactions value $
-$6,087,548
Form type
4
Date filed
2/26/2024, 05:25 PM
Previous filing
Feb 21, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Sale -$615K -11.8K -0.98% $52.05 1.19M Feb 22, 2024 Direct F1, F2
transaction CVLG Class A Common Stock Sale -$578K -11.2K -3.69% $51.70 292K Feb 22, 2024 Direct F3
transaction CVLG Class A Common Stock Sale -$2.06M -40K -13.72% $51.58 252K Feb 23, 2024 Direct F4
transaction CVLG Class A Common Stock Sale -$2.83M -55K -21.87% $51.47 197K Feb 26, 2024 Direct F5
holding CVLG Class A Common Stock 37.8K Feb 22, 2024 401(k) F6
holding CVLG Class B Common Stock 2.35M Feb 22, 2024 Direct F2
* 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 $51.90 to $52.34, 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 Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
F3 The price reflects a weighted average sale price for multiple transactions ranging from $51.45 to $51.90, 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 $51.39 to $52.15, 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 $51.34 to $51.985, 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 number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 22, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 22, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.