JOHN A. TWEED - 05 Jun 2021 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: Co-President and COO
Signature: /s/ John A. Tweed, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: CVLG
Transactions as of: 05 Jun 2021
Transactions value $: -$301,807
Form type: 4
Filing time: 08 Jun 2021, 15:29:08 UTC
Next filing: 07 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Tax liability	-$302K	-13.7K	-4.44%	$22.07	295K	05 Jun 2021	Direct	F1
holding	CVLG	Class A Common Stock						37.9K	05 Jun 2021	IRA
holding	CVLG	Class A Common Stock						37.1K	05 Jun 2021	401(k)	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the Reporting Person.
F2	The number of shares beneficially owned following the reported transaction is equal to the reporting person's June 4, 2021, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on June 4, 2021. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.