David Ray Parker - 31 Dec 2022 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
Issuer symbol: CVLG
Transactions as of: 31 Dec 2022
Net transactions value: -$120,131
Form type: 4
Filing time: 04 Jan 2023, 15:49:21 UTC
Previous filing: 14 Feb 2022
Next filing: 02 Mar 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	Tax liability	$120,131	-3,475	-1.1%	$34.57	307,604	31 Dec 2022	Direct	F1
holding	CVLG	Class A Common Stock						1,220,871	31 Dec 2022	Direct	F2
holding	CVLG	Class A Common Stock						38,662	31 Dec 2022	401(k)	F3
holding	CVLG	Class B Common Stock						2,350,000	31 Dec 2022	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 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 December 30, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on December 30, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.