COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2020

Nov 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2020-10-30

Reporting Person: PARKER DAVID RAY (Director, CHAIRMAN AND CEO, 10% Owner)
Reporting Person: PARKER JACQUELINE F (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-02	Class A Common Stock	G	100000	—	Disposed	2184571	Direct
2020-10-30	Class A Common Stock	P	28800	$13.6596	Acquired	2213371	Direct
2020-10-30	Class A Common Stock	P	7500	$13.6596	Acquired	2220871	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	110204	Direct
Class A Common Stock	26556	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: The shares were gifted by Mr. Parker to a grantor retained annuity trust with an independent trustee.

F2: Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.

F3: The price reflects a weighted average purchase price for multiple transactions ranging from $13.25 to $13.99, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.

F4: Represents a private purchase of shares from Mr. Parker's mother.

F5: The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's October 30, 2020 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on October 30, 2020. The plan is unitized and as such, does not itself allocate a specific number of shares to each participant.