Home > Insider Trading > Filing (0001008886-24-000063)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
928658	Covenant Logistics Group Inc.	CVLG	Trucking (No Local) (4213)	880320154

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1220829	Ray David Parker	400 Birmingham Highway Chattanooga TN 37419	Chairman And Ceo	No	No	No	No
1271324	F Jacqueline Parker	400 Birmingham Highway Chattanooga TN 37419		No	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2024-02-27	20,188	$51.01	176,349	No	4	S	Direct
Class A Common Stock	Disposition	2024-02-27	1,812	$51.85	174,537	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Employee Stock Option (Right to Buy)	Acquisiton	2024-02-28	300,000	$0.00	300,000	$21.24

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
300,000	2024-02-28	2031-04-06	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,192,071	Direct
Class A Common Stock	37,855	Indirect	401(k)
Class B Common Stock	2,350,000	Direct

Footnotes

The price reflects a weighted average sale price for multiple transactions ranging from $50.74 to $51.60, 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.
The price reflects a weighted average sale price for multiple transactions ranging from $51.80 to $52.005, 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.
Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 27, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 27, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
On April 6, 2021, Mr. Parker was granted an option to purchase 300,000 shares of Class A common stock, subject to vesting based on the issuer's satisfaction of certain performance criteria for the year ended and the three-year period ended December 31, 2023. On February 28, 2024, the Compensation Committee of the issuer certified that the performance criteria were met.