Paul Bunn - 31 Dec 2024 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: President 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 2024
Net transactions value: -$510,132
Form type: 4
Filing time: 03 Jan 2025, 17:01:10 UTC
Previous filing: 25 Jun 2024
Next filing: 16 May 2025
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	$94,520	-3,468	-2%	$27.26	171,790	31 Dec 2024	Direct	F1, F2
transaction	CVLG	Class A Common Stock	Tax liability	$415,611	-15,249	-8.9%	$27.26	156,541	01 Jan 2025	Direct	F1
holding	CVLG	Class A Common Stock						5,030	31 Dec 2024	Direct	F2
holding	CVLG	Class A Common Stock						41,180	31 Dec 2024	Direct	F2, F3

* 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	On December 31, 2024, the Issuer executed a two-for-one stock split with a record date of December 20, 2024, effected in the form of a stock dividend on each share of the Issuer's Class A common stock and Class B common stock.
F3	The number of shares beneficially owned following the reported transaction is equal to the reporting person's December 31, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on December 31, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.