Joey Ballard - Jul 1, 2025 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role
EVP, Chief People & Safety Off
Signature
/s/ Joey Ballard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol
CVLG
Transactions as of
Jul 1, 2025
Transactions value $
-$20,991
Form type
4
Date filed
7/3/2025, 05:04 PM
Previous filing
May 16, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ballard Joey EVP, Chief People & Safety Off 400 BIRMINGHAM HIGHWAY, CHATTANOOGA /s/ Joey Ballard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2025-07-03 0001930170

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Options Exercise +2.11K +6.95% 32.5K Jul 1, 2025 Direct F1
transaction CVLG Class A Common Stock Tax liability -$21K -832 -2.56% $25.23 31.7K Jul 1, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVLG Restricted Stock Units Options Exercise $0 -2.11K -33.33% $0.00 4.23K Jul 1, 2025 Class A Common Stock 2.11K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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.
F4 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.