Is Bradley A. Moline’s CVLG share grant an open-market stock purchase?

No, the 4,382 CVLG shares were received as a grant or award with a reported price of $0.0000 per share. The filing describes it as equity compensation in restricted stock units, subject to vesting and forfeiture, not as an open-market purchase transaction.

Covenant Logistics (NASDAQ: CVLG) director granted $140K in restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MOLINE BRADLEY A reported acquisition or exercise transactions in this Form 4 filing.

COVENANT LOGISTICS GROUP, INC. director Bradley A. Moline reported an equity compensation grant of Class A Common Stock. He received 4,382 shares as a grant or award with no cash price, increasing his direct holdings to 97,304.3 shares. The filing also shows 2,000 shares held indirectly through an IRA. According to the footnote, the share award represents annual equity compensation in the form of restricted stock units equal to $140,000, calculated using the closing price on the date of the company’s 2026 annual meeting of stockholders, and is subject to vesting, forfeiture, and termination provisions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider MOLINE BRADLEY A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	4,382	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 97,304.3 shares (Direct, null); Class A Common Stock — 2,000 shares (Indirect, IRA)

Footnotes (1)

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Key Figures

Equity award value: $140,000 Shares granted: 4,382 shares Direct shares after grant: 97,304.3 shares +2 more

5 metrics

Equity award value $140,000 Annual equity compensation value for restricted stock unit grant

Shares granted 4,382 shares Class A Common Stock grant, transaction code A

Direct shares after grant 97,304.3 shares Total direct Class A Common Stock following the award

Indirect IRA holdings 2,000 shares Class A Common Stock held indirectly through an IRA

Grant price per share $0.0000/share Reported transaction price for the equity grant

Key Terms

restricted stock units, annual equity compensation, Third Amended and Restated 2006 Omnibus Incentive Plan, vesting, forfeiture, and termination provisions

4 terms

restricted stock units financial

"Share award represents annual equity compensation in the form of a grant of restricted stock units equal to $140,000"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

annual equity compensation financial

"Share award represents annual equity compensation in the form of a grant of restricted stock units"

Third Amended and Restated 2006 Omnibus Incentive Plan financial

"The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended"

vesting, forfeiture, and termination provisions financial

"subject to certain vesting, forfeiture, and termination provisions"

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 05:46 PM

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^*

MOLINE BRADLEY A

(Last)

(First)

(Middle)

610 BROADWAY

(Street)

IMPERIAL

NEBRASKA

69033

(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)
05/13/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/13/2026		A⁽¹⁾		4,382⁽¹⁾	A	$0	97,304.3	D
Class A Common Stock								2,000	I	IRA

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Share award represents annual equity compensation in the form of a grant of restricted stock units equal to $140,000, divided by the closing price on the date of the Company's 2026 annual meeting of stockholders. The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, and subject to certain vesting, forfeiture, and termination provisions.

	/s/ Bradley A. Moline, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC	05/15/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CVLG director Bradley A. Moline report on this Form 4?

Bradley A. Moline reported receiving an equity compensation grant of 4,382 shares of CVLG Class A Common Stock. The grant was recorded at a price of $0.0000 per share and classified as a grant, award, or other acquisition, not an open-market purchase.

How many CVLG shares does Bradley A. Moline hold after this reported transaction?

After the grant, Bradley A. Moline directly holds 97,304.3 shares of CVLG Class A Common Stock. The filing also lists 2,000 additional shares held indirectly through an IRA, giving visibility into both his direct and indirect ownership positions reported in this document.

What is the value and structure of Bradley A. Moline’s CVLG equity award?

The share award represents annual equity compensation valued at $140,000 in restricted stock units. The number of units was determined by dividing $140,000 by the closing price on the date of Covenant Logistics Group’s 2026 annual meeting of stockholders, according to the disclosed footnote.

What plan governs Bradley A. Moline’s restricted stock unit award from CVLG?

The award was made under Covenant Logistics Group’s Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The footnote states the award is in the form of restricted stock units subject to specific vesting, forfeiture, and termination provisions described in that plan.