COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2022

Oct 26, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2022-10-24

Reporting Person: HOGAN JOEY B (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-24	Class A Common Stock	S	3148	$35.4619	Disposed	25400	Direct
2022-10-24	Class A Common Stock	S	400	$36.1000	Disposed	25000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	161887	Direct
Class A Common Stock	54438	Indirect

Footnotes

F1: The shares were sold pursuant to a Rule 10b5-1 trading plan by the reporting person.

F2: The price reflects a weighted average sale price for multiple transactions ranging from $35.02 to $36.015, 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 sold at each separate price.

F3: Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.

F4: The price reflects a weighted average sale price for multiple transactions ranging from $36.03 to $36.165, 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 sold at each separate price.

F5: The number of shares beneficially owned following the reported transaction is equal to the reporting person's October 24, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on October 24, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.