Joseph Sherer - 31 Jan 2023 Form 4 Insider Report for Knight-Swift Transportation Holdings Inc. (KNX)

Role: SVP Logistics/Intermodal
Signature: /s/ James E. Brophy, Attorney in Fact
Issuer symbol: KNX
Transactions as of: 31 Jan 2023
Net transactions value: -$65,660
Form type: 4
Filing time: 02 Feb 2023, 18:02:39 UTC
Previous filing: 02 Jun 2022
Next filing: 01 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KNX	Class A Common Stock	Options Exercise		+800	+7.3%		11,778	31 Jan 2023	Direct	F1
transaction	KNX	Class A Common Stock	Tax liability	$16,430	-278	-2.4%	$59.10	11,500	31 Jan 2023	Direct
transaction	KNX	Class A Common Stock	Options Exercise		+2,422	+21%		13,922	31 Jan 2023	Direct	F1
transaction	KNX	Class A Common Stock	Tax liability	$49,230	-833	-6%	$59.10	13,089	31 Jan 2023	Direct
holding	KNX	Class A Common Stock						986	31 Jan 2023	by 401(k) plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KNX	Restricted Stock Units	Options Exercise	$0	-800	-100%	$0.000000^*	0	31 Jan 2023	Class A Common Stock	800		Direct	F1, F2
transaction	KNX	Restricted Stock Units	Options Exercise	$0	-2,422	-25%	$0.000000	7,266	31 Jan 2023	Class A Common Stock	2,422		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2	The remaining restricted stock units for this grant vested on January 31, 2023. Stock is issued when and as vested.
F3	The restricted stock units vest as follows: 33% on January 31, 2022; 33% on January 31, 2023; and 34% on January 31, 2024. Stock is issued when and as vested.