Covenant Logistics director sells 12,800 shares

Covenant Logistics Group director Joey B. Hogan reported an open-market sale of Class A Common Stock.

Rhea-AI Filing Summary

Covenant Logistics Group director Joey B. Hogan reported an open-market sale of Class A Common Stock. On May 27, 2026, he sold 12,800 shares at a weighted average price of $39.1832 per share, with individual trade prices ranging from $39.01 to $39.45.

Following the sale, Hogan directly holds 91,294 shares of Class A Common Stock, which are owned jointly with his wife, Melinda J. Hogan, as joint tenants. The filing reflects this transaction as a net sale, with no derivative exercises or gifts reported.

Insider Trade Summary

Net Seller: 12,800 shares

Net Sell 2 txns

Insider HOGAN JOEY B

Role Director

Sold 12,800 shs ($502K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	12,800	$39.1832	$502K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 100,014 shares (Direct)

Footnotes (2)

1. F1. The price reflects a weighted average sale price for multiple transactions ranging from $39.01 to $39.45, 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.
2. F2. Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.

Key Figures

Shares sold: 12,800 shares Weighted average sale price: $39.1832 per share Sale price range: $39.01–$39.45 per share +2 more

5 metrics

Shares sold 12,800 shares Open-market sale of Class A Common Stock on May 27, 2026

Weighted average sale price $39.1832 per share Average price for the 12,800 shares sold

Sale price range $39.01–$39.45 per share Range of individual transaction prices in the sale

Shares held after transaction 91,294 shares Directly owned Class A Common Stock after sale, held jointly with spouse

Other reported holding 8,720 shares A separate holding entry showing total shares following that transaction

Key Terms

Class A Common Stock, weighted average sale price, open-market sale, joint tenants, +1 more

5 terms

Class A Common Stock financial

"The price reflects a weighted average sale price for multiple transactions..."

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.

weighted average sale price financial

"The price reflects a weighted average sale price for multiple transactions..."

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.

joint tenants financial

"Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants."

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) disclose?

Covenant Logistics disclosed that director Joey B. Hogan sold 12,800 shares of Class A Common Stock. The sale occurred on May 27, 2026, as an open-market transaction reported on a Form 4 insider filing.

At what price did Joey B. Hogan sell CVLG shares?

Joey B. Hogan sold 12,800 Covenant Logistics shares at a weighted average of $39.1832 per share. Individual trades were executed between $39.01 and $39.45, according to the Form 4 footnote disclosure.

How many Covenant Logistics (CVLG) shares does Joey B. Hogan now hold?

After the reported sale, Joey B. Hogan holds 91,294 shares of Covenant Logistics Class A Common Stock. These shares are owned jointly with his wife as joint tenants, reflecting their combined direct ownership position.

Was the CVLG insider trade by Joey B. Hogan an open-market sale?

Yes. The Form 4 describes Joey B. Hogan’s transaction as an open-market sale of Class A Common Stock. He sold 12,800 shares at a weighted average price of $39.1832 per share on May 27, 2026.

Does the Covenant Logistics Form 4 mention a trading plan for this sale?

The Form 4 footnotes describe pricing details and joint ownership but do not reference a Rule 10b5-1 trading plan. The sale is characterized simply as an open-market transaction at specified price ranges.

How is ownership of the remaining CVLG shares structured for Joey B. Hogan?

The remaining 91,294 Covenant Logistics shares are held jointly by Joey B. Hogan and his wife, Melinda J. Hogan. The filing notes they are joint tenants, meaning they share direct ownership rights in those shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/27/2026 - 06:57 PM Learn about SEC filing dates

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).

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^*

HOGAN JOEY B

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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	05/27/2026		S		12,800	D	$39.1832(1)	91,294	D(2)
Class A Common Stock								8,720	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 $39.01 to $39.45, 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.

2. Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.

	/s/ Joey B. Hogan, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC	05/27/2026
	** 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)