Paul Bunn - Feb 28, 2023 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: President and COO
Signature: /s/ Paul Bunn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol: CVLG
Transactions as of: Feb 28, 2023
Transactions value $: -$58,524
Form type: 4
Date filed: 3/2/2023, 04:45 PM
Previous filing: Jan 4, 2023
Next filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Tax liability	-$58.5K	-1.69K	-2%	$34.65	82.9K	Feb 28, 2023	Direct	F1
holding	CVLG	Class A Common Stock						2.52K	Feb 28, 2023	By Spouse
holding	CVLG	Class A Common Stock						20.9K	Feb 28, 2023	401(k)	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 the Reporting Person.
F2	The number of shares beneficially owned following the reported transaction is equal to the Reporting Person'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.