Paul Bunn - 31 Dec 2021 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: Senior EVP and COO
Signature: /s/ Paul Bunn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: CVLG
Transactions as of: 31 Dec 2021
Net transactions value: -$24,183
Form type: 4
Filing time: 04 Jan 2022, 16:09:48 UTC
Previous filing: 08 Jun 2021
Next filing: 19 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Tax liability	$24,183	-915	-1.3%	$26.43	67,193	31 Dec 2021	Direct	F1
holding	CVLG	Class A Common Stock						2,515	31 Dec 2021	By Spouse
holding	CVLG	Class A Common Stock						20,088	31 Dec 2021	401(k)	F2

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

Explanation of Responses:

Id	Content
F1	Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the Reporting Person.
F2	The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's December 31, 2021 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on December 31, 2021. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.