Covenant Logistics EVP sells 4,000 company shares
Covenant Logistics Group EVP Joey Ballard, the company’s Chief People & Safety Officer, sold 4,000 shares of Class A Common Stock in an open-market transaction on June 1, 2026 at a weighted average price of $40.1467 per share.
Rhea-AI Filing Summary
Covenant Logistics Group EVP Joey Ballard, the company’s Chief People & Safety Officer, sold 4,000 shares of Class A Common Stock in an open-market transaction on June 1, 2026 at a weighted average price of $40.1467 per share. After this sale, Ballard directly owns 13,149 shares. A footnote explains the reported price reflects a weighted average for multiple trades between $40.00 and $40.25 per share.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares
Net Sell
1 txn
Insider
Ballard Joey
Role
EVP, Chief People & Safety Off
Sold
4,000 shs ($161K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,000 | $40.1467 | $161K |
Holdings After Transaction:
Class A Common Stock — 13,149 shares (Direct)
Footnotes (1)
- F1. The price reflects a weighted average sale price for multiple transactions ranging from $40.00 to $40.25, inclusive. The Reporting Person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
Key Figures
Shares sold: 4,000 shares
Weighted average sale price: $40.1467 per share
Post-transaction holdings: 13,149 shares
+1 more
4 metrics
Shares sold
4,000 shares
Open-market sale on June 1, 2026
Weighted average sale price
$40.1467 per share
Class A Common Stock sale
Post-transaction holdings
13,149 shares
Direct ownership after sale
Price range of trades
$40.00 to $40.25
Individual sale prices within weighted average
Key Terms
Class A Common Stock, open-market sale, weighted average sale price, Form 4
4 terms
Class A Common Stock financial
"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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sale price financial
"The price reflects a weighted average sale price for multiple transactions"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Covenant Logistics (CVLG) report for Joey Ballard?
Covenant Logistics reported that EVP and Chief People & Safety Officer Joey Ballard sold 4,000 shares of Class A Common Stock in an open-market transaction on June 1, 2026, at a weighted average price of $40.1467 per share.
What role does Joey Ballard hold at Covenant Logistics (CVLG)?
Joey Ballard serves as Executive Vice President and Chief People & Safety Officer at Covenant Logistics Group. His Form 4 filing reflects personal insider trading activity in the company’s Class A Common Stock, specifically an open-market sale of 4,000 shares.
Was Joey Ballard’s Covenant Logistics (CVLG) sale an open-market transaction?
Yes, the Form 4 identifies the transaction with code “S,” described as a sale in an open market or private transaction. The filing also labels the action as an open-market sale, indicating it was executed through regular trading rather than as a grant or internal transfer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
