Covenant Logistics (CVLG) EVP Joey Ballard sells 4,000 shares

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 ($160,587)

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, null)

Footnotes (1)

1. [object Object]

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.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ballard Joey

(Last) (First) (Middle)

400 BIRMINGHAM HIGHWAY

(Street)

CHATTANOOGA TENNESSEE 37419

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
COVENANT LOGISTICS GROUP, INC. [ CVLG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief People & Safety Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/01/2026		S		4,000	D	$40.1467(1)	13,149	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

The sale of shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2026.

	/s/ Joey Ballard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC	06/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How many Covenant Logistics (CVLG) shares does Joey Ballard hold after this sale?

After selling 4,000 shares, Joey Ballard directly holds 13,149 shares of Covenant Logistics Class A Common Stock. This figure comes from the post-transaction ownership reported in the Form 4, providing context for his remaining equity stake in the company.

At what price were the Covenant Logistics (CVLG) shares sold by Joey Ballard?

The reported sale used a weighted average price of $40.1467 per share. A footnote explains this reflects multiple trades with individual prices ranging from $40.00 to $40.25, and detailed trade-level information is available upon request to the reporting person.

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.