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

Jan 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2020-07-22

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
2020-07-22	Class A Common Stock	G	39498	—	Acquired	145643	Direct
2020-12-23	Class A Common Stock	G	39615	—	Acquired	185258	Direct
2021-01-06	Class A Common Stock	G	1000000	—	Disposed	1220871	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	40628	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 trusts controlled by an independent Trust Protector and Investment Manager.

F3: Shares owned jointly by Mr. and Ms. Parker, as joint tenants with rights of survivorship.

F4: The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's December 31, 2020 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on December 31, 2020. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.