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Covenant Logistics (CVLG) CEO Parker reports insider stock sales

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

Rhea-AI Filing Summary

Covenant Logistics Group, Inc. insiders David R. Parker and Jacqueline F. Parker reported open-market sales of Class A Common Stock. Between February 9 and 11, 2026, they sold shares at weighted-average prices ranging from $28.5651 to $29.4186 per share. Following these transactions, they directly owned 2,332,944 Class A shares jointly, held 76,673 Class A shares indirectly through a 401(k) plan, and directly held 4,700,000 Class B shares. The filing also notes a two-for-one stock split of both Class A and Class B shares executed on December 31, 2024.

Positive

  • None.

Negative

  • None.
Insider PARKER DAVID RAY, PARKER JACQUELINE F
Role Chairman and CEO | 10% Owner
Sold 153,400 shs ($4.44M)
Type Security Shares Price Value
Sale Class A Common Stock 16,693 $29.4186 $491K
Sale Class A Common Stock 10,707 $29.2279 $313K
Sale Class A Common Stock 50,000 $29.2293 $1.46M
Sale Class A Common Stock 15,202 $28.612 $435K
Sale Class A Common Stock 4,798 $28.5651 $137K
Sale Class A Common Stock 56,000 $28.6561 $1.60M
holding Class A Common Stock -- -- --
holding Class B Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 2,343,651 shares (Direct); Class A Common Stock — 76,673 shares (Indirect, 401(k)); Class B Common Stock — 4,700,000 shares (Direct)
Footnotes (1)
  1. The price reflects a weighted average sale price for multiple transactions ranging from $28.52 to $28.775, inclusive. The reporting persons undertake 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. On December 31, 2024, the Issuer executed a two-for-one stock split with a record date of December 20, 2024, effected in the form of a stock dividend on each share of the Issuer's Class A common stock and Class B common stock. The price reflects a weighted average sale price for multiple transactions ranging from $28.70 to $29.69, inclusive. The reporting persons undertake 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. The price reflects a weighted average sale price for multiple transactions ranging from $28.605 to $28.69, inclusive. The reporting persons undertake 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. The price reflects a weighted average sale price for multiple transactions ranging from $28.55 to $28.605, inclusive. The reporting persons undertake 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. and Mrs. Parker, as joint tenants with rights of survivorship. The price reflects a weighted average sale price for multiple transactions ranging from $29.28 to $30.27, inclusive. The reporting persons undertake 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. The price reflects a weighted average sale price for multiple transactions ranging from $29.13 to $29.27, inclusive. The reporting persons undertake 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. The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 9, 2026 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 9, 2026. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
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*
PARKER DAVID RAY
(Last) (First) (Middle)
400 BIRMINGHAM HIGHWAY
(Street)
CHATTANOOGA TN 37419
(City) (State) (Zip)
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 X 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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 02/09/2026 S 56,000 D $28.6561(1) 293,074(2) D
Class A Common Stock 02/10/2026 S 50,000 D $29.2293(3) 243,074 D
Class A Common Stock 02/10/2026 S 15,202 D $28.612(4) 227,872 D
Class A Common Stock 02/10/2026 S 4,798 D $28.5651(5) 2,360,344(2) D(6)
Class A Common Stock 02/11/2026 S 16,693 D $29.4186(7) 2,343,651 D(6)
Class A Common Stock 02/11/2026 S 10,707 D $29.2279(8) 2,332,944 D(6)
Class A Common Stock 76,673(2) I(9) 401(k)
Class B Common Stock 4,700,000(2) D(6)
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
1. Name and Address of Reporting Person*
PARKER DAVID RAY
(Last) (First) (Middle)
400 BIRMINGHAM HIGHWAY
(Street)
CHATTANOOGA TN 37419
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
1. Name and Address of Reporting Person*
PARKER JACQUELINE F
(Last) (First) (Middle)
400 BIRMINGHAM HIGHWAY
(Street)
CHATTANOOGA TN 37419
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The price reflects a weighted average sale price for multiple transactions ranging from $28.52 to $28.775, inclusive. The reporting persons undertake 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. On December 31, 2024, the Issuer executed a two-for-one stock split with a record date of December 20, 2024, effected in the form of a stock dividend on each share of the Issuer's Class A common stock and Class B common stock.
3. The price reflects a weighted average sale price for multiple transactions ranging from $28.70 to $29.69, inclusive. The reporting persons undertake 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.
4. The price reflects a weighted average sale price for multiple transactions ranging from $28.605 to $28.69, inclusive. The reporting persons undertake 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.
5. The price reflects a weighted average sale price for multiple transactions ranging from $28.55 to $28.605, inclusive. The reporting persons undertake 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.
6. Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
7. The price reflects a weighted average sale price for multiple transactions ranging from $29.28 to $30.27, inclusive. The reporting persons undertake 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.
8. The price reflects a weighted average sale price for multiple transactions ranging from $29.13 to $29.27, inclusive. The reporting persons undertake 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.
9. The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 9, 2026 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 9, 2026. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
/s/ David R. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 02/11/2026
/s/ Jacqueline F. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 02/11/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did CVLG report for David and Jacqueline Parker?

Covenant Logistics reported that David R. Parker and Jacqueline F. Parker made multiple open-market sales of Class A Common Stock on February 9–11, 2026, at weighted-average prices between $28.5651 and $29.4186 per share, as disclosed in their joint Form 4 filing.

How many Covenant Logistics (CVLG) shares do the Parkers own after these trades?

After the reported transactions, the Parkers directly owned 2,332,944 Class A Common Stock shares jointly, held 76,673 Class A shares indirectly through a 401(k) plan, and directly held 4,700,000 Class B Common Stock shares, according to the Form 4 ownership table.

At what prices did CVLG insiders sell Class A Common Stock?

The reported Class A Common Stock sales occurred at weighted-average prices of $28.6561, $29.2293, $28.612, $28.5651, $29.4186, and $29.2279 per share, each representing multiple trades within specified intraday price ranges detailed in the Form 4 footnotes.

What is David R. Parker’s role at Covenant Logistics (CVLG)?

David R. Parker is identified as Chairman and Chief Executive Officer of Covenant Logistics Group, Inc., and a greater-than-10% owner. His positions and ownership status are disclosed in the reporting person information section of the Form 4.

How are the Parkers’ jointly owned CVLG shares described in the filing?

The filing states that certain Class A and Class B Common Stock shares are owned jointly by Mr. and Mrs. Parker as joint tenants with rights of survivorship, clarifying that these securities are held in their joint names rather than individually.

Did Covenant Logistics (CVLG) recently complete a stock split?

Yes. The Form 4 notes that on December 31, 2024, Covenant Logistics executed a two-for-one stock split for both Class A and Class B Common Stock, effected as a stock dividend with a record date of December 20, 2024.