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

Aug 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2020-08-18

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
2020-03-26	Class A Common Stock	G	82824	—	Acquired	202502	Direct
2020-04-06	Class A Common Stock	G	90667	—	Disposed	111835	Direct
2020-08-18	Class A Common Stock	D	1631	—	Disposed	110204	Direct
2020-04-06	Class A Common Stock	G	9333	—	Disposed	2284571	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	26203	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: Represents an annuity distribution made by a grantor retained annuity trust with an independent trustee to Mr. Parker.

F2: The shares were gifted by Mr. Parker to a grantor retained annuity trust with an independent trustee.

F3: Represents the forfeiture of restricted stock originally granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, due to the issuer not achieving the established performance targets, as certified by the issuer's compensation committee on the transaction date.

F4: Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.

F5: The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's August 17, 2020 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on August 17, 2020. The plan is unitized and as such, does not itself allocate a specific number of shares to each participant.