Michael K. Liu - May 31, 2021 Form 4 Insider Report for Knight-Swift Transportation Holdings Inc. (KNX)

Role: Exec. VP of Ops, Knight Trans
Signature: /s/ Jessica A. Powell, Attorney in Fact
Stock symbol: KNX
Transactions as of: May 31, 2021
Transactions value $: -$77,609
Form type: 4
Date filed: 6/2/2021, 06:00 PM
Next filing: Aug 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KNX	Class A Common Stock	Options Exercise		+690	+31.01%		2.92K	May 31, 2021	Direct	F1
transaction	KNX	Class A Common Stock	Tax liability	-$16.3K	-341	-11.7%	$47.73	2.57K	May 31, 2021	Direct
transaction	KNX	Class A Common Stock	Options Exercise		+750	+29.14%		3.32K	May 31, 2021	Direct	F1
transaction	KNX	Class A Common Stock	Tax liability	-$17.7K	-371	-11.16%	$47.73	2.95K	May 31, 2021	Direct
transaction	KNX	Class A Common Stock	Options Exercise		+1.09K	+36.74%		4.04K	May 31, 2021	Direct	F1
transaction	KNX	Class A Common Stock	Tax liability	-$25.6K	-536	-13.27%	$47.73	3.5K	May 31, 2021	Direct
transaction	KNX	Class A Common Stock	Options Exercise		+764	+21.82%		4.27K	May 31, 2021	Direct	F1
transaction	KNX	Class A Common Stock	Tax liability	-$18K	-378	-8.86%	$47.73	3.89K	May 31, 2021	Direct

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	KNX	Restricted Stock Units	Options Exercise	$0	-690	-50%	$0.00	690	May 31, 2021	Class A Common Stock	690		Direct	F1, F2
transaction	KNX	Restricted Stock Units	Options Exercise	$0	-750	-33.33%	$0.00	1.5K	May 31, 2021	Class A Common Stock	750		Direct	F1, F3
transaction	KNX	Restricted Stock Units	Options Exercise	$0	-1.09K	-24.99%	$0.00	3.26K	May 31, 2021	Class A Common Stock	1.09K		Direct	F1, F4
transaction	KNX	Restricted Stock Units	Options Exercise	$0	-764	-20%	$0.00	3.06K	May 31, 2021	Class A Common Stock	764		Direct	F1, F5
transaction	KNX	Restricted Stock Units	Award	$0	+3.14K		$0.00	3.14K	May 31, 2021	Class A Common Stock	3.14K		Direct	F1, F6

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert to Class A Common Stock on a one-for-one basis.
F2	The restricted stock unit grant vests in five equal annual installments beginning on May 31, 2018. Stock is issued when and as vested.
F3	The restricted stock unit grant vests in five equal annual installments beginning on May 31, 2019. Stock is issued when and as vested.
F4	The restricted stock unit grant vests in five equal annual installments beginning on May 31, 2020. Stock is issued when and as vested.
F5	The restricted stock unit grant vests in five equal annual installments beginning on May 31, 2021. Stock is issued when and as vested.
F6	The restricted stock units vest in five equal installments on May 31 of each year, commencing on May 31, 2022 and ending on May 31, 2026. Stock is issued when and as vested.