DAVID RAY PARKER - 31 Dec 2021 Form 5 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
Issuer symbol: CVLG
Transactions as of: 31 Dec 2021
Net transactions value: $0
Form type: 5
Filing time: 14 Feb 2022, 16:26:23 UTC
Next filing: 14 Feb 2023
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	Gift	$0	+17,176	+9.7%	$0.000000	194,599	12 Mar 2021	Direct	F1
transaction	CVLG	Class A Common Stock	Gift	$0	+15,343	+7.9%	$0.000000	209,942	14 Apr 2021	Direct	F1
transaction	CVLG	Class A Common Stock	Gift	$0	+39,920	+19%	$0.000000	249,862	30 Jul 2021	Direct	F1
transaction	CVLG	Class A Common Stock	Gift	$0	+28,092	+11%	$0.000000	277,954	11 Oct 2021	Direct	F1
transaction	CVLG	Class A Common Stock	Gift	$0	+33,125	+12%	$0.000000	311,079	22 Dec 2021	Direct	F1
holding	CVLG	Class A Common Stock						1,220,871	31 Dec 2021	Direct	F2
holding	CVLG	Class A Common Stock						39,260	31 Dec 2021	401(k)	F3
holding	CVLG	Class B Common Stock						2,350,000	31 Dec 2021	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents an annuity distribution made by a grantor retained annuity trust with an independent trustee to Mr. Parker.
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 Mr. Parker's February 10, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 10, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.