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

CVLG (CVLG) insiders David and Jacqueline Parker sell 135,000 Class A shares

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

Rhea-AI Filing Summary

Covenant Logistics Group (CVLG) chairman and CEO David Ray Parker and 10% owner Jacqueline F. Parker, who hold shares jointly, reported multiple open-market sales of Class A common stock between February 12 and 17, 2026 totaling 135,000 shares at prices around the high-$20 range.

After these transactions, they reported direct beneficial ownership of 2,197,944 Class A shares, plus 76,795 Class A shares held indirectly through a 401(k) account, and 4,700,000 Class B shares held directly.

Positive

  • None.

Negative

  • None.
Insider PARKER DAVID RAY, PARKER JACQUELINE F
Role Chairman and CEO | 10% Owner
Sold 135,000 shs ($3.97M)
Type Security Shares Price Value
Sale Class A Common Stock 96,333 $29.6985 $2.86M
Sale Class A Common Stock 3,667 $28.8467 $106K
Sale Class A Common Stock 15,000 $28.4607 $427K
Sale Class A Common Stock 16,230 $29.3587 $476K
Sale Class A Common Stock 2,770 $27.7552 $77K
Sale Class A Common Stock 1,000 $27.0203 $27K
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
holding Class B Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 2,201,611 shares (Direct); Class A Common Stock — 76,795 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 $28.70 to $29.4125, 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 $27.42 to $28.405, 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 $26.90 to $27.36, 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 $28.05 to $28.71, 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 $29.00 to $29.99, 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 $28.80 to $28.93, 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 12, 2026 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 12, 2026. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
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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)
02/12/2026
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 02/12/2026 S 16,230 D $29.3587(1) 2,316,714 D(2)
Class A Common Stock 02/12/2026 S 2,770 D $27.7552(3) 2,313,944 D(2)
Class A Common Stock 02/12/2026 S 1,000 D $27.0203(4) 2,312,944 D(2)
Class A Common Stock 02/13/2026 S 15,000 D $28.4607(5) 2,297,944 D(2)
Class A Common Stock 02/17/2026 S 96,333 D $29.6985(6) 2,201,611 D(2)
Class A Common Stock 02/17/2026 S 3,667 D $28.8467(7) 2,197,944 D(2)
Class A Common Stock 227,872 D
Class A Common Stock 76,795 I(8) 401(k)
Class B Common Stock 4,700,000 D(2)
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 $28.70 to $29.4125, 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. Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
3. The price reflects a weighted average sale price for multiple transactions ranging from $27.42 to $28.405, 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 $26.90 to $27.36, 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 $28.05 to $28.71, 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. The price reflects a weighted average sale price for multiple transactions ranging from $29.00 to $29.99, 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.
7. The price reflects a weighted average sale price for multiple transactions ranging from $28.80 to $28.93, 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 number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 12, 2026 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 12, 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 02/17/2026
/s/ Jacqueline F. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 02/17/2026
** 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 chairman David Ray Parker report?

David Ray Parker reported open-market sales of Class A common stock totaling 135,000 shares over February 12–17, 2026. These sales were executed at various prices in the high-$20 range, with details provided as weighted-average prices in the filing footnotes.

How many CVLG Class A shares do the Parkers own after these Form 4 sales?

Following the reported transactions, the Parkers reported direct beneficial ownership of 2,197,944 Class A shares. They also reported 76,795 Class A shares held indirectly through a 401(k) plan, reflecting participation in the employer stock fund under that retirement plan.

What Class B share holdings did the Parkers report in CVLG?

The Parkers reported direct beneficial ownership of 4,700,000 shares of CVLG Class B common stock. This figure appears in the holdings section of the Form 4 and reflects their Class B position after the reported Class A stock sales in February 2026.

Were the CVLG insider trades by the Parkers open-market sales?

Yes. Each listed transaction in Class A common stock for February 12, 13, and 17, 2026 is coded “S”, described as an open-market sale or private transaction. The filing also provides weighted-average sale prices and price ranges for each trade date.

How are the CVLG shares owned by David and Jacqueline Parker held?

Footnotes state the shares are owned jointly by Mr. and Mrs. Parker as joint tenants with rights of survivorship. Additional Class A shares are held indirectly through a unitized 401(k) employer stock fund, which does not allocate specific share counts to individual participants.

What price information is disclosed for the CVLG insider sales?

The filing lists weighted-average sale prices for each transaction, such as $29.3587 and $28.4607. Footnotes explain each represents multiple trades within specified price ranges, and detailed trade-by-trade information is available upon request to the company or SEC staff.