Michael J. Gerdin - 31 Dec 2021 Form 5 Insider Report for HEARTLAND EXPRESS INC (HTLD)

Role: Chief Executive Officer, Director, Co-Trustee of 10% Owner, 10%+ Owner
Signature: /S/Michael J. Gerdin
Issuer symbol: HTLD
Transactions as of: 31 Dec 2021
Net transactions value: $0
Form type: 5
Filing time: 11 Feb 2022, 08:53:18 UTC
Next filing: 02 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HTLD	Common Stock	Gift	$0	+7,000,000	+156%	$0.000000	11,500,000	12 Jul 2021	Trustee of GRATs	F1, F2
transaction	HTLD	Common Stock	Gift	$0	-7,000,000	-48%	$0.000000	7,478,232	12 Jul 2021	Co-Trustee of Trust	F1, F3
transaction	HTLD	Common Stock	Gift	$0	+1,227,557	+16%	$0.000000	8,705,789	01 Dec 2021	Co-Trustee of Trust	F3, F4
transaction	HTLD	Common Stock	Gift	$0	-1,227,557	-11%	$0.000000	10,272,443	01 Dec 2021	Trustee of GRATs	F2, F4
holding	HTLD	Common Stock						4,245,275	31 Dec 2021	Co-Trustee of Trust	F5
holding	HTLD	Common Stock						38,424	31 Dec 2021	Trustee of Trusts	F6
holding	HTLD	Common Stock						5,003,805	31 Dec 2021	Co-Trustee of Trust	F7
holding	HTLD	Common Stock						1,936,276	31 Dec 2021	Co-General Partner of Partnership	F8
holding	HTLD	Common Stock						628,124	31 Dec 2021	Direct

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

Explanation of Responses:

Id	Content
F1	The Ann S. Gerdin Revocable Trust transferred shares to two grantor retained annuity trusts (GRATs) created for the benefit of Ann S. Gerdin.
F2	Mr. Gerdin is the trustee of GRATs established by Ann S. Gerdin for her benefit. As trustee, Mr. Gerdin has sole voting and dispositive power over the shares owned by these GRATs. Beneficial ownership is disclaimed.
F3	Mr. Gerdin, Julie Durr, Angela Janssen, and Mrs. Gerdin serve as co-trustees over shares held by the Ann S. Gerdin Revocable Trust. As co-trustees, they have shared voting and dispositive powers with respect to this trust. Beneficial ownership is disclaimed for Mr. Gerdin, Mrs. Durr, and Mrs. Janssen.
F4	Annuity distributions made from GRATs created for the benefit of Ann Gerdin.
F5	Mr. Gerdin is one of the beneficiaries of the 2009 Gerdin Heartland Trust. Mr. Gerdin, Mrs. Durr, and Mrs. Janssen serve as co-trustees over shares held by the trust. Beneficial ownership is disclaimed with respect to this trust because none of the trustees have the power to vote or dispose shares without consent of the other two trustees.
F6	Mr. Gerdin is the trustee of trusts created for the benefit of his children. As trustee, Mr. Gerdin has voting and dispositive powers with respect to the trusts. Beneficial ownership is disclaimed.
F7	Mr. Gerdin is one of the beneficiaries of the 2007 Gerdin Heartland Trust. Mr. Gerdin, Mrs. Durr, and Mrs. Janssen serve as co-trustees over shares held by the trust. Beneficial ownership is disclaimed with respect to this trust because none of the trustees have the power to vote or dispose shares without the consent of the other two trustees.
F8	The Ann S. Gerdin Revocable Trust, Mr. Gerdin, Mrs. Durr, and Mrs. Janssen are co-general partners of Gerdin Family Investments LP. None of the Ann S. Gerdin Revocable Trust, Mr. Gerdin, Mrs. Durr, or Mrs. Janssen has voting and dispositive powers with respect to this partnership without consent of the majority of the other co-general partners. Beneficial ownership is disclaimed except to the extent of each such reporting person's percentage ownership of general and limited partner shares in the partnership.