Michael J. Gerdin - Nov 20, 2023 Form 4 Insider Report for HEARTLAND EXPRESS INC (HTLD)

Role: Chief Executive Officer, Director, Co-Trustee of 10% Owner, 10%+ Owner
Signature: /S/Michael J. Gerdin
Stock symbol: HTLD
Transactions as of: Nov 20, 2023
Transactions value $: $1,250,723
Form type: 4
Date filed: 11/22/2023, 06:25 PM
Previous filing: Sep 7, 2023
Next filing: Dec 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HTLD	Common Stock	Purchase	$1.25M	+95.6K	+28.78%	$13.08	428K	Nov 20, 2023	Trustee of Trust	F1, F2
holding	HTLD	Common Stock						16M	Nov 20, 2023	Co-Trustee of Trust	F3
holding	HTLD	Common Stock						2.99M	Nov 20, 2023	Trustee of GRATs	F4
holding	HTLD	Common Stock						4.28M	Nov 20, 2023	Co-Trustee of Trust	F5
holding	HTLD	Common Stock						38.4K	Nov 20, 2023	Trustee of Trusts	F6
holding	HTLD	Common Stock						5M	Nov 20, 2023	Co-Trustee of Trust	F7
holding	HTLD	Common Stock						1.94M	Nov 20, 2023	Co-General Partner of Partnership	F8
holding	HTLD	Common Stock						628K	Nov 20, 2023	Direct

* 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 purchase price for multiple transactions ranging from 12.9600 to 13.1500 per share, 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 purchased at each separate price.
F2	Mr. Gerdin is the trustee of the Michael J. Gerdin Revocable Trust with voting and dispositive power.
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	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.
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.