Dustin Koehl - 01 Jul 2025 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: EVP and COO
Signature: /s/ Dustin Koehl, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: CVLG
Transactions as of: 01 Jul 2025
Net transactions value: -$17,333
Form type: 4
Filing time: 03 Jul 2025, 17:02:09 UTC
Previous filing: 16 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Koehl Dustin	EVP and COO	400 BIRMINGHAM HIGHWAY, CHATTANOOGA	/s/ Dustin Koehl, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC	03 Jul 2025	0002022803

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Options Exercise		+2,820			2,820	01 Jul 2025	Direct	F1
transaction	CVLG	Class A Common Stock	Tax liability	$17,333	-687	-24%	$25.23	2,133	01 Jul 2025	Direct	F2

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	Restricted Stock Units	Options Exercise	$0	-2,820	-33%	$0.000000	5,640	01 Jul 2025	Class A Common Stock	2,820		Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents the previously granted contingent right to receive one share of Class A common stock.
F2	Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of RSUs previously granted to the Reporting Person.
F3	On December 31, 2024, the Issuer executed a two-for-one stock split, effected in the form of a stock dividend on each share of the Issuer's Class A common stock and Class B common stock.
F4	Represents RSUs previously granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning July 1, 2025, subject to certain vesting, forfeiture, and termination provisions.