CVLG CEO and 10% owner sell 135,000 shares

Accepted by SEC EDGAR 02/17/2026 - 07:17 PM EST Learn about SEC filing dates

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.

Insider Trade Summary

Net Seller: 135,000 shares

Net Sell 6 txns

Insider PARKER DAVID RAY, PARKER JACQUELINE F

Role Chairman and CEO | 10% Owner

Sold 135,000 shs ($3.97M)

Share of Position Sold 5.8%

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 — 2,425,816 shares (Direct); Class A Common Stock — 76,795 shares (Indirect, 401(k)); Class B Common Stock — 4,700,000 shares (Direct)

Holdings Before and After: Class A Common Stock, 2,560,816 to 2,425,816 shares (Direct)

Footnotes (8)

1. F1. 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. F2. Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
3. F3. 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. F4. 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. F5. 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. F6. 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. F7. 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. F8. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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
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