Covenant Logistics (CVLG) EVP reports tax withholding of 1,017 shares on Form 4

Rhea-AI Filing Summary

Covenant Logistics Group, Inc. reported an insider equity transaction by an executive officer. EVP, Chief People & Safety Officer Joey Ballard had 1,017 shares of Class A common stock withheld on 12/31/2025 to cover tax obligations tied to previously granted restricted stock that vested. The shares were valued at $22.04 each for this tax withholding event.

After this transaction, Ballard beneficially owned 30,665 shares of Covenant Logistics Group Class A common stock in direct form. The filing is a routine Form 4 disclosure of insider equity activity related to compensation rather than an open‑market purchase or sale.

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

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

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 TN 37419

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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

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

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

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	12/31/2025		F(1)		1,017(1)	D	$22.04	30,665	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. Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock previously granted to the Reporting Person.

	/s/ Joey Ballard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC	01/05/2026
	** 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.

FAQ

What insider transaction did Covenant Logistics Group (CVLG) disclose?

The company disclosed that EVP, Chief People & Safety Officer Joey Ballard had 1,017 shares of Class A common stock withheld on 12/31/2025 to satisfy tax withholding obligations upon vesting of restricted stock.

Was the CVLG insider transaction an open-market trade?

No. The Form 4 states the 1,017 shares represent shares deemed withheld to satisfy tax withholding obligations when previously granted restricted stock vested, not a discretionary market purchase or sale.

At what price were the withheld Covenant Logistics (CVLG) shares valued?

The 1,017 shares of Class A common stock withheld for taxes were valued at $22.04 per share, as reported in the Form 4.

How many Covenant Logistics (CVLG) shares does the reporting officer own after the transaction?

Following the reported tax withholding event, EVP Joey Ballard beneficially owned 30,665 shares of Covenant Logistics Group Class A common stock, held directly.

Who is the reporting person in this Covenant Logistics (CVLG) Form 4 filing?

The reporting person is Joey Ballard, who serves as EVP, Chief People & Safety Officer of Covenant Logistics Group, Inc., as indicated in the relationship section.

What type of security is involved in this CVLG Form 4 filing?

The transaction involves Class A common stock of Covenant Logistics Group, Inc., reported in Table I for non-derivative securities.