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

Aug 31, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2022-08-29

Reporting Person: HOGAN JOEY B (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-26	Class A Common Stock	G	1560	—	Disposed	106348	Direct
2022-07-27	Class A Common Stock	G	7800	—	Disposed	98548	Direct
2022-08-29	Class A Common Stock	S	4890	$29.2960	Disposed	93658	Direct
2022-08-29	Class A Common Stock	S	100	$30.12	Disposed	93558	Direct
2022-08-30	Class A Common Stock	S	8610	$28.9419	Disposed	84948	Direct
2022-08-31	Class A Common Stock	S	4597	$28.3925	Disposed	80351	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	161887	Direct
Class A Common Stock	54598	Indirect

Footnotes

F1: Share amount updated to reflect change in form of beneficial ownership between directly owned shares and shares held jointly with spouse as joint tenants.

F2: Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.

F3: The shares were sold pursuant to a Rule 10b5-1 trading plan by the reporting person.

F4: The price reflects a weighted average sale price for multiple transactions ranging from $29.015 to $29.98, 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 price reflects a weighted average sale price for multiple transactions ranging from $28.25 to $29.15, 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.

F6: The price reflects a weighted average sale price for multiple transactions ranging from $28.20 to $29.00, 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.

F7: The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's August 29, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on August 29, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.