Joey Ballard - 14 Nov 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: 14 Nov 2022
Net transactions value: -$655,916
Form type: 4
Filing time: 18 Nov 2022, 15:18:29 UTC
Previous filing: 02 Jun 2022
Next filing: 04 Jan 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	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$655,916	-16,673	-100%	$39.34	0	14 Nov 2022	401(k)	F1
holding	CVLG	Class A Common Stock						13,338	14 Nov 2022	Direct

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

Explanation of Responses:

Id	Content
F1	The price and share amounts reflect the intra-plan transfer of $655,917.98 out of the employer stock fund under the issuer's 401(k) plan, divided by the closing price on the date of the transaction. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.