Covenant Logistics president exercises stock options
Paul Bunn, president of Covenant Logistics Group, reported an amended insider transaction showing he exercised 64,196 employee stock options on May 22, 2026, converting them into Class A common stock at exercise prices of $7.8850 and $10.6200 per share.
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Form Type
4/A
Rhea-AI Filing Summary
Paul Bunn, president of Covenant Logistics Group, reported an amended insider transaction showing he exercised 64,196 employee stock options on May 22, 2026, converting them into Class A common stock at exercise prices of $7.8850 and $10.6200 per share.
The amendment corrects the exercise price, date exercisable, and options owned following these transactions. After the exercises, he directly holds 218,893 Class A shares and 396,380 employee stock options.
Insider Trade Summary
64,196 shares exercised/converted
Exercise
8 txns
Insider
BUNN PAUL
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 32,682 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) | 12,682 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) | 9,416 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) | 9,416 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 32,682 | $7.885 | $258K |
| Exercise | Class A Common Stock | 12,682 | $7.885 | $100K |
| Exercise | Class A Common Stock | 9,416 | $10.62 | $100K |
| Exercise | Class A Common Stock | 9,416 | $10.62 | $100K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 396,380 contracts (Direct);
Class A Common Stock — 218,893 shares (Direct)
Footnotes (1)
- F1. This amendment is being filed to correct information in the original filing regarding the exercise price, date exercisable, and number of options owned following the reported transactions for an aggregate of 64,196 options exercised by the Reporting Person.
Key Figures
Options exercised: 64,196 options
Exercise price 1: $7.8850 per share
Exercise price 2: $10.6200 per share
+2 more
5 metrics
Options exercised
64,196 options
Aggregate employee stock options exercised by Paul Bunn on May 22, 2026
Exercise price 1
$7.8850 per share
Exercise price on a portion of the employee stock options exercised
Exercise price 2
$10.6200 per share
Exercise price on another portion of the employee stock options exercised
Post-transaction common shares
218,893 shares
Direct Class A common stock held by Paul Bunn after the reported transactions
Post-transaction options
396,380 options
Direct employee stock options held by Paul Bunn after the reported transactions
Key Terms
Employee Stock Option (Right to Buy), derivative security, Class A Common Stock, exercise price
4 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
exercise price financial
"correct information regarding the exercise price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CVLG’s president report in this Form 4/A?
The Form 4/A reports that Covenant Logistics Group president Paul Bunn exercised an aggregate of 64,196 employee stock options on May 22, 2026, converting them into Class A common stock at exercise prices of $7.8850 and $10.6200 per share, with updated option details.
How many options did CVLG’s Paul Bunn exercise and at what prices?
Paul Bunn exercised 64,196 employee stock options, split between grants with exercise prices of $7.8850 and $10.6200 per share. Each option converted into one share of Class A common stock in the May 22, 2026 insider transactions.
What are Paul Bunn’s CVLG holdings after these transactions?
After these option exercises, Paul Bunn directly holds 218,893 shares of Class A common stock and 396,380 employee stock options. These balances reflect his reported post-transaction ownership in Covenant Logistics Group’s equity and option awards.
What corrections does this CVLG Form 4/A amendment make?
The amendment states it corrects prior information about the exercise price, the date the options became exercisable, and the number of options owned after the transactions, all relating to the aggregate 64,196 options exercised by Paul Bunn.
Were Paul Bunn’s CVLG transactions under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox in the Form 4/A is not marked, so these transactions are not affirmed as executed under a pre-arranged Rule 10b5-1 trading plan. The accompanying footnote does not describe any separate trading plan arrangements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
