Director at Covenant Logistics (CVLG) sells 14,700 company shares

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Covenant Logistics Group director Joey B. Hogan reported an open-market sale of 14,700 shares of Class A Common Stock at a weighted average price of $34.757 per share. The sale price reflected multiple trades between $34.54 and $35.04. After this transaction, he directly holds 104,094 shares, and an additional 4,338 shares are reported in a separate direct holding. Some of the reported shares are owned jointly by Mr. Hogan and his wife as joint tenants.

Insider Trade Summary

Net Seller: 14,700 shares ($510,928)

Net Sell 2 txns

Insider HOGAN JOEY B

Role null

Sold 14,700 shs ($511K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	14,700	$34.757	$511K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 104,094 shares (Direct, null)

Footnotes (1)

The price reflects a weighted average sale price for multiple transactions ranging from $34.54 to $35.04, 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.

Key Figures

Shares sold: 14,700 shares Weighted average sale price: $34.757 per share Sale price range: $34.54–$35.04 per share +2 more

5 metrics

Shares sold 14,700 shares Open-market sale of Class A Common Stock

Weighted average sale price $34.757 per share Average of multiple sale transactions

Sale price range $34.54–$35.04 per share Range of prices for the reported sale trades

Shares owned after sale 104,094 shares Directly held Class A Common Stock after transaction

Additional holding entry 4,338 shares Separate direct holding line reported as of transaction date

Key Terms

open-market sale, weighted average sale price, joint tenants

3 terms

open-market sale financial

"The Form 4 describes the transaction as an open-market sale of Class A Common Stock."

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.

weighted average sale price financial

"The price reflects a weighted average sale price for multiple transactions ranging from $34.54 to $35.04, inclusive."

joint tenants financial

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

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 04:47 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^*

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)
04/28/2026

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	04/28/2026		S		14,700	D	$34.757⁽¹⁾	104,094	D⁽²⁾
Class A Common Stock								4,338	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)
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. The price reflects a weighted average sale price for multiple transactions ranging from $34.54 to $35.04, 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	04/30/2026
	** 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 Covenant Logistics (CVLG) director Joey B. Hogan report?

Joey B. Hogan reported selling shares of Covenant Logistics Class A Common Stock. The Form 4 shows an open-market sale of 14,700 shares on a single date, with the transaction priced using a weighted average reflecting several trades within a narrow price range.

How many Covenant Logistics (CVLG) shares did Joey B. Hogan sell and at what price?

He sold 14,700 shares of Covenant Logistics Class A Common Stock. The reported weighted average sale price was $34.757 per share, based on multiple trades executed between $34.54 and $35.04, as detailed in the filing’s pricing footnote.

How many Covenant Logistics (CVLG) shares does Joey B. Hogan own after the reported sale?

After the sale, he is reported as directly owning 104,094 shares of Class A Common Stock. A separate holding line also shows 4,338 additional directly held shares, giving investors a view of his remaining equity position following this Form 4 transaction.

Were any of Joey B. Hogan’s Covenant Logistics (CVLG) shares held jointly with his spouse?

Yes. A footnote explains that certain shares are owned jointly by Joey B. Hogan and his wife, Melinda J. Hogan, as joint tenants. This indicates shared ownership and helps clarify the nature of their reported direct holdings in Covenant Logistics stock.

Does this Covenant Logistics (CVLG) Form 4 include any option exercises or derivative transactions?

No. The filing reports only transactions in Class A Common Stock, including one open-market sale and a holding entry. The derivative section shows no remaining derivative positions or option exercises, indicating the reported activity relates solely to non-derivative common shares.