David R. Parker - Dec 31, 2021 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: CHAIRMAN AND CEO, Director, 10%+ Owner
Signature: /s/ David R. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol: CVLG
Transactions as of: Dec 31, 2021
Transactions value $: -$24,025
Form type: 4
Date filed: 1/4/2022, 04:14 PM
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Tax liability	-$24K	-909	-0.51%	$26.43	177K	Dec 31, 2021	Direct	F1
holding	CVLG	Class A Common Stock						1.22M	Dec 31, 2021	Direct	F2
holding	CVLG	Class A Common Stock						39K	Dec 31, 2021	401(k)	F3
holding	CVLG	Class B Common Stock						2.35M	Dec 31, 2021	Direct	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	Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
F3	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.