Joey B. Hogan - Apr 6, 2022 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
Apr 6, 2022
Transactions value $
-$337,222
Form type
4
Date filed
4/7/2022, 05:05 PM
Previous filing
Feb 14, 2022
Next filing
Aug 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Tax liability -$337K -17.8K -8.42% $18.91 194K Apr 6, 2022 Direct F1
holding CVLG Class A Common Stock 75.7K Apr 6, 2022 Direct F2
holding CVLG Class A Common Stock 55.5K Apr 6, 2022 401(k) F3
* 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. Hogan and his wife, Melinda J. Hogan, as joint tenants.
F3 The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's April 6, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on April 6, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.