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COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2024
Feb 26, 2024
32762_dirs_2024-02-26_456da633-332c-4415-9ac6-67592491ed0f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2024-02-22
Reporting Person: PARKER DAVID RAY (N/A)
Reporting Person: PARKER JACQUELINE F (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-22 | Class A Common Stock | S | 11819 | $52.053 | Disposed | 1192071 | Direct |
| 2024-02-22 | Class A Common Stock | S | 11181 | $51.7027 | Disposed | 291537 | Direct |
| 2024-02-23 | Class A Common Stock | S | 40000 | $51.5838 | Disposed | 251537 | Direct |
| 2024-02-26 | Class A Common Stock | S | 55000 | $51.4708 | Disposed | 196537 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 37838 | Indirect |
| Class B Common Stock | 2350000 | Direct |
Footnotes
F1: The price reflects a weighted average sale price for multiple transactions ranging from $51.90 to $52.34, 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 price.
F2: Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
F3: The price reflects a weighted average sale price for multiple transactions ranging from $51.45 to $51.90, 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 price.
F4: The price reflects a weighted average sale price for multiple transactions ranging from $51.39 to $52.15, 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 price.
F5: The price reflects a weighted average sale price for multiple transactions ranging from $51.34 to $51.985, 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 price.
F6: The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 22, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 22, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.