Covenant Logistics CEO, wife plan about $15M in sales, gifts
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
David Parker, Covenant Logistics Group’s Chairman and CEO, and his wife, Jacqueline Parker, informed the company that they intend to dispose of Class A common stock valued at approximately $15 million at recent trading prices. The intended transactions would be through open-market and charitable-gift transactions and represent approximately 5% of the value of the company’s common stock held by them and related entities. The Parkers have not adopted a Rule 10b5-1 plan.
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Value of intended stock dispositions: Approximately $15 million
Share of common-stock value held: Approximately 5%
2 metrics
Value of intended stock dispositions
Approximately $15 million
At recent trading prices
Share of common-stock value held
Approximately 5%
Stock held by David Parker, Jacqueline Parker, and related entities
Key Terms
Rule 10b5-1 plan, open market, charitable gift transactions
3 terms
Rule 10b5-1 plan financial
"have not adopted a Rule 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open market financial
"in open market and charitable gift transactions"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
charitable gift transactions financial
"in open market and charitable gift transactions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much CVLG stock do David and Jacqueline Parker intend to dispose of?
They intend to dispose of Class A common stock valued at approximately $15 million at recent trading prices, representing approximately 5% of the value of the company’s common stock held by them and related entities. The transactions are described as open-market and charitable-gift transactions, and the Parkers have not adopted a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
___________________________________________________________________
(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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| (Address of principal executive offices) | (Zip Code) |
(423 ) 821-1212
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | |
| | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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| Securities registered pursuant to Section 12(b) of the Act: | |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
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| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |
| | |
| | Emerging growth company |
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| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | |
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Item 8.01
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Other Events.
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David Parker, the Chairman and CEO of Covenant Logistics Group, Inc. (the "Company"), and his wife Jacqueline Parker, have informed the Company that they intend to dispose of shares of the Company’s Class A common stock with a value of approximately $15 million at recent trading prices, representing approximately 5% of the value of the Company common stock held by them and related entities, in open market and charitable gift transactions. The Parkers have not adopted a Rule 10b5-1 plan.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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COVENANT LOGISTICS GROUP, INC.
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(Registrant)
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Date: November 12, 2026
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By:
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/s/ James S. Grant
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James S. Grant
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Executive Vice President and Chief Financial Officer
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