Joey Ballard - 31 May 2022 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: EVP, People and Safety
Signature: /s/ Joey Ballard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: CVLG
Transactions as of: 31 May 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Jun 2022, 16:44:00 UTC
Previous filing: 24 May 2022
Next filing: 18 Nov 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	Award	$0	+5,514	+70%	$0.000000	13,338	31 May 2022	Direct	F1
holding	CVLG	Class A Common Stock						16,973	31 May 2022	401(k)	F2

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The award is subject to certain vesting, forfeiture, and termination provisions.
F2	The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's May 31, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 31, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.