Joey B. Hogan - Sep 7, 2021 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role
President
Signature
/s/ Joey B. Hogan, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol
CVLG
Transactions as of
Sep 7, 2021
Transactions value $
-$551,586
Form type
4
Date filed
9/9/2021, 04:47 PM
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Disposed to Issuer -$552K -24K -30.26% $23.00 55.3K Sep 7, 2021 401(k) F1, F2
holding CVLG Class A Common Stock 251K Sep 7, 2021 Direct
holding CVLG Class A Common Stock 48.9K Sep 7, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to the Issuer pursuant to the Issuer's modified "Dutch auction" tender offer to its stockholders.
F2 The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's September 7, 2021 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on September 7, 2021. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
F3 Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.