DAVID R. PARKER - 28 Feb 2023 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: 28 Feb 2023
Net transactions value: -$524,047
Form type: 4
Filing time: 02 Mar 2023, 16:43:10 UTC
Previous filing: 14 Feb 2023
Next filing: 03 Jan 2024
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	$524,047	-15,124	-4.2%	$34.65	345,805	28 Feb 2023	Direct	F1
holding	CVLG	Class A Common Stock						1,220,871	28 Feb 2023	Direct	F2
holding	CVLG	Class A Common Stock						38,253	28 Feb 2023	401(k)	F3
holding	CVLG	Class B Common Stock						2,350,000	28 Feb 2023	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 March 1, 2023 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on March 1, 2023. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.