Covenant Logistics (NASDAQ: CVLG) president exercises 64,196 stock options in Form 4/A
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
COVENANT LOGISTICS GROUP, INC. President Paul Bunn filed an amended insider report showing he exercised employee stock options into Class A Common Stock. On May 22, 2026, he exercised a total of 64,196 options at exercise prices of $10.62 and $7.885 per share, acquiring the same number of common shares. The amendment states it corrects the exercise price, exercisability date, and number of options owned after these exercises. Following the final reported transaction, Bunn directly holds 187,379 Class A shares, and the filing shows no share sales, tax withholdings, or remaining option positions related to these grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
64,196 shares exercised/converted
Mixed
8 txns
Insider
BUNN PAUL
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 32,682 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 12,682 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 9,416 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 9,416 | $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) — 57,462 shares (Direct, null);
Class A Common Stock — 187,379 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options Exercised: 64,196 options
Exercise Price 1: $10.62 per share
Exercise Price 2: $7.885 per share
+4 more
7 metrics
Options Exercised
64,196 options
Aggregate employee stock options exercised on May 22, 2026
Exercise Price 1
$10.62 per share
Employee Stock Option (Right to Buy) into Class A Common Stock
Exercise Price 2
$7.885 per share
Employee Stock Option (Right to Buy) into Class A Common Stock
Shares After Transactions
187,379 shares
Class A Common Stock directly owned after final transaction
Exercise Date
May 22, 2026
Transaction date for all reported exercises
Option Expiration 1
April 6, 2031
Expiration for options with $10.62 exercise price
Option Expiration 2
November 11, 2030
Expiration for options with $7.885 exercise price
Key Terms
Employee Stock Option (Right to Buy), Class A Common Stock, Exercise or conversion of derivative security, exercise price
4 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
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 or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
exercise price financial
"footnote notes corrections to the exercise price and dates"
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
What did Covenant Logistics (CVLG) President Paul Bunn report in this Form 4/A?
Paul Bunn reported exercising employee stock options into Class A Common Stock. The amended filing reflects option exercises totaling 64,196 shares on May 22, 2026, updating key terms such as exercise price, exercisability date, and post-transaction option balances.
How many Covenant Logistics (CVLG) options did Paul Bunn exercise and at what prices?
Paul Bunn exercised 64,196 employee stock options for Class A Common Stock. The options carried exercise prices of $10.62 and $7.885 per share, converting these derivative awards into outright share ownership as part of his compensation structure.
Why was this Covenant Logistics (CVLG) Form 4/A filed as an amendment?
The Form 4/A was filed to correct prior information about the option grants. The footnote explains it updates the exercise price, date exercisable, and number of options owned after the aggregate exercise of 64,196 options by the reporting person.