David R. Parker - Feb 27, 2024 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role
Chairman and CEO, Director, 10%+ Owner
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 27, 2024
Transactions value $
-$1,123,705
Form type
4
Date filed
2/29/2024, 05:39 PM
Previous filing
Feb 26, 2024
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Sale -$1.03M -20.2K -10.27% $51.01 176K Feb 27, 2024 Direct F1
transaction CVLG Class A Common Stock Sale -$93.9K -1.81K -1.03% $51.85 175K Feb 27, 2024 Direct F2
holding CVLG Class A Common Stock 1.19M Feb 27, 2024 Direct F3
holding CVLG Class A Common Stock 37.9K Feb 27, 2024 401(k) F4
holding CVLG Class B Common Stock 2.35M Feb 27, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVLG Employee Stock Option (Right to Buy) Award $0 +300K $0.00 300K Feb 28, 2024 Class A Common Stock 300K $21.24 Direct F5
* 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 $50.74 to $51.60, 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 $51.80 to $52.005, 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 Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
F4 The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 27, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 27, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
F5 On April 6, 2021, Mr. Parker was granted an option to purchase 300,000 shares of Class A common stock, subject to vesting based on the issuer's satisfaction of certain performance criteria for the year ended and the three-year period ended December 31, 2023. On February 28, 2024, the Compensation Committee of the issuer certified that the performance criteria were met.