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  4. [Form 4] COVENANT LOGISTICS GROUP, INC. Insider Trading Activity

Director Joey Hogan sells 12,800 Covenant Logistics (CVLG) shares

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider HOGAN JOEY B
Role null
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 — 91,294 shares (Direct, null)
Footnotes (1)
  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. Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.
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
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock05/27/2026S12,800D$39.1832(1)91,294D(2)
Class A Common Stock8,720D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 SEC05/27/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

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.