Paul Bunn - 01 Jul 2025 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Reporting relationship: President
Issuer ticker: CVLG
Reported as of: 01 Jul 2025
Net transaction value: -$79,247
SEC form: 4
Accepted by SEC: 03 Jul 2025, 17:11:03 UTC
Prior SEC filing: 16 May 2025
Next SEC filing: 05 Jan 2026
Source filing: View source filing
Reporting owner signature: /s/ Paul Bunn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC

Key filing fact

Paul Bunn filed Form 4 for COVENANT LOGISTICS GROUP, INC. (CVLG) on 03 Jul 2025.

Key facts

This page summarizes Paul Bunn's Form 4 filing for COVENANT LOGISTICS GROUP, INC. (CVLG).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Jul 2025, 17:11.

Change

Previous filing in this sequence was filed on 16 May 2025.
Current net transaction value: -$79,247.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001467658 Primary reporting owner

BUNN PAUL

Relationship: President
Address: 400 BIRMINGHAM HIGHWAY, CHATTANOOGA
Signature: /s/ Paul Bunn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Signature date: 03 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CVLG transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +7,050
Change %: +4.5%
Price
Shares after: 163,591
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1

CVLG transaction

Class A Common Stock

Tax liability

Transaction value: $79,247
Shares: -3,141
Change %: -1.9%
Price: $25.23
Shares after: 160,450
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F2

CVLG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,030
Date: 01 Jul 2025
Ownership: By Spouse

CVLG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 41,483
Date: 01 Jul 2025
Ownership: 401(k)
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CVLG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,050
Change %: -33%
Price: $0.000000
Shares after: 14,100
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,050
Exercise price
Footnotes: F1, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents the previously granted contingent right to receive one share of Class A common stock.

Footnote F2

Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of RSUs previously granted to the Reporting Person.

Footnote F3

The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's July 1, 2025 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on July 1, 2025. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.

Footnote F4

On December 31, 2024, the Issuer executed a two-for-one stock split, effected in the form of a stock dividend on each share of the Issuer's Class A common stock and Class B common stock.

Footnote F5

Represents RSUs previously granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning July 1, 2025, subject to certain vesting, forfeiture, and termination provisions.