COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2025

Jul 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2025-07-01

Reporting Person: BUNN PAUL (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-01	Class A Common Stock	M	7050	—	Acquired	163591	Direct
2025-07-01	Class A Common Stock	F	3141	$25.23	Disposed	160450	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-01	Restricted Stock Units	$	M	7050	Disposed		Class A Common Stock (7050)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	5030	Indirect
Class A Common Stock	41483	Indirect

Footnotes

F1: Each restricted stock unit ("RSU") represents the previously granted contingent right to receive one share of Class A common stock.

F2: Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of RSUs previously granted to the Reporting Person.

F3: The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's July 1, 2025 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on July 1, 2025. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.

F4: On December 31, 2024, the Issuer executed a two-for-one stock split, effected in the form of a stock dividend on each share of the Issuer's Class A common stock and Class B common stock.

F5: Represents RSUs previously granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning July 1, 2025, subject to certain vesting, forfeiture, and termination provisions.