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: 2020-10-29

Reporting Person: TWEED JOHN A (Co-President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-29	Class A Common Stock	P	54768	$14.1907	Acquired	253175	Direct
2020-10-29	Class A Common Stock	P	18000	$14.2584	Acquired	18000	Indirect
2020-10-29	Class A Common Stock	I	18846	$14.18	Acquired	18846	Indirect
2020-10-30	Class A Common Stock	P	5000	$13.4977	Acquired	258175	Direct
2020-10-30	Class A Common Stock	P	19920	$13.7564	Acquired	37920	Indirect
2020-10-30	Class A Common Stock	I	19411	$13.77	Acquired	38347	Indirect

Footnotes

F1: The price reflects a weighted average purchase price for multiple transactions ranging from $13.68 to $14.50, inclusive. The reporting person undertakes 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.

F2: The price reflects a weighted average purchase price for multiple transactions ranging from $13.91 to $14.55, inclusive. The reporting person undertakes 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.

F3: The price and share reflect the intra-plan transfer of $267,242.80 into the employer stock fund under the issuer's 401(k) plan, divided by the closing price on the date of the transaction. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.

F4: The number of shares beneficially owned following the reported transaction is equal to the reporting person's October 29, 2020, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on October 29, 2020. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.

F5: The price reflects a weighted average purchase price for multiple transactions ranging from $13.28 to $13.745, inclusive. The reporting person undertakes 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.

F6: The price reflects a weighted average purchase price for multiple transactions ranging from $13.23 to $13.96, inclusive. The reporting person undertakes 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.

F7: The price and share reflect the intra-plan transfer of $267,289.15 into the employer stock fund under the issuer's 401(k) plan, divided by the closing price on the date of the transaction. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.

F8: The number of shares beneficially owned following the reported transaction is equal to the reporting person'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.