COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2021

May 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2021-05-19

Reporting Person: KRAMER D MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-19	Class A Common Stock	A	3259	—	Acquired	8774	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	150	Indirect
Class A Common Stock	150	Indirect

Footnotes

F1: Share award represents annual equity compensation in the form of a grant of restricted stock equal to $75,000, divided by the closing price on the date of the Company's 2021 annual meeting of stockholders. The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, and is scheduled to vest on May 19, 2022, subject to certain vesting, forfeiture, and termination provisions.

F2: The shares are held under a Uniform Transfers to Minors Act ("UTMA") account over which Mr. Kramer is the custodian. Mr. Kramer disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.