Covenant Logistics (NASDAQ: CVLG) director reports bona fide gift of 4,338 shares

Rhea-AI Filing Summary

Director Welborn Wesley Miller reported a bona fide gift of 4,338 shares of Class A Common Stock of Covenant Logistics Group, Inc. The shares were transferred at a reported price of $0.00 per share, reflecting that this was a charitable or personal gift rather than a market sale.

After this disposition, Miller directly holds 62,906 shares of Covenant Logistics Group common stock. The filing does not show any option exercises or other derivative transactions, so this update mainly reflects a non-market transfer within his overall equity holdings.

Insider Trade Summary

4,338 shares gifted

Mixed 1 txn

Insider Welborn Wesley Miller

Role null

Type	Security	Shares	Price	Value
Gift	Class A Common Stock	4,338	$0.00	--

Holdings After Transaction: Class A Common Stock — 62,906 shares (Direct, null)

Footnotes (1)

Key Figures

Gifted shares: 4,338 shares Gift price per share: $0.00 per share Shares held after transaction: 62,906 shares

3 metrics

Gifted shares 4,338 shares Bona fide gift of Class A Common Stock

Gift price per share $0.00 per share Reported transaction price for gifted shares

Shares held after transaction 62,906 shares Direct holdings following gift disposition

Key Terms

bona fide gift, Class A Common Stock, Form 4

3 terms

bona fide gift financial

"transaction_code_description: "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

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.

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.

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).

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^*

Welborn Wesley Miller

(Last) (First) (Middle)

103 ROBIN HOOD TRAIL

(Street)

LOOKOUT MOUNTAIN TENNESSEE 37350

(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)
05/19/2026

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	05/19/2026		G		4,338	D	$0	62,906	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:

	/s/ Wesley Miller Welborn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC	05/19/2026
	** 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 Welborn Wesley Miller report for CVLG?

Welborn Wesley Miller reported a bona fide gift of 4,338 shares of Covenant Logistics Group Class A Common Stock. The gift was recorded at $0.00 per share, indicating a non-market transfer rather than an open-market trade or sale.

How many Covenant Logistics (CVLG) shares did Miller gift and at what price?

Miller gifted 4,338 shares of Covenant Logistics Group Class A Common Stock at a reported price of $0.00 per share. This Form 4 entry reflects a bona fide gift transaction instead of a purchase or sale on the open market.

How many CVLG shares does Welborn Wesley Miller hold after the reported gift?

Following the 4,338-share gift, Miller directly holds 62,906 shares of Covenant Logistics Group Class A Common Stock. This updated holding reflects only his direct ownership position as reported in this specific Form 4 filing.

Was the Covenant Logistics (CVLG) insider transaction a market sale or a gift?

The transaction was a bona fide gift, not a market sale. The Form 4 uses transaction code G, describes it as a gift transfer, and reports a price of $0.00 per share, all consistent with a non-market gift disposition.

Does the CVLG Form 4 show any option exercises or derivative transactions for Miller?

The Form 4 does not show any derivative transactions for Miller. The derivative section is empty, and the only reported activity is a non-derivative gift of 4,338 Class A Common Stock shares, leaving 62,906 shares held directly afterward.