Covenant Logistics (CVLG) CFO sells 22,388 shares in Rule 10b5-1 plan

Rhea-AI Filing Summary

COVENANT LOGISTICS GROUP, INC. executive vice president and CFO James S. Grant III reported an open-market sale of Class A Common Stock. He sold 22,388 shares at a price of $30.75 per share and continued to hold 20,915 shares directly after the transaction.

The filing notes that this sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2025, indicating the trade was scheduled in advance rather than timed discretionarily.

Insider Trade Summary 10b5-1

Net Seller: 22,388 shares ($688,431)

Net Sell 1 txn

Insider Grant James S III

Role EVP and CFO

Sold 22,388 shs ($688K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	22,388	$30.75	$688K

Holdings After Transaction: Class A Common Stock — 20,915 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 22,388 shares Sale price: $30.75 per share Shares held after transaction: 20,915 shares +2 more

5 metrics

Shares sold 22,388 shares Class A Common Stock, open-market sale

Sale price $30.75 per share Price for sold shares on transaction date

Shares held after transaction 20,915 shares Direct ownership after reported sale

Transaction date 2026-04-20 Date of reported open-market sale

Net buy/sell direction net-sell 22,388 shares From transaction summary for this Form 4

Key Terms

Rule 10b5-1 trading plan, open-market sale, Form 4, Class A Common Stock, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sale of shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan..."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

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.

Form 4 regulatory

"The sale of shares reported in this Form 4 were effected..."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Class A Common Stock financial

""security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

non-derivative financial

""transaction_type": "non-derivative""

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).

X

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^*

Grant James S III

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/20/2026		S(1)		22,388	D(1)	$30.75	20,915	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale of shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025.

	/s/ James S. Grant III, by Cody Kofoid, attorney-in-fact, pursuant to a POA previously filed with the SEC	04/21/2026
	** 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)

FAQ

What insider transaction did CVLG’s CFO report on this Form 4?

The EVP and CFO of Covenant Logistics Group reported selling 22,388 shares of Class A Common Stock at $30.75 per share. This open-market transaction reduced his holdings but he still directly owns 20,915 shares after the sale.

At what price did the CVLG executive sell his shares?

The executive sold his Class A Common Stock at $30.75 per share. This price applies to the reported 22,388 shares sold in the open market, as disclosed in the Form 4 transaction details.

How many CVLG shares does the CFO hold after the reported sale?

After the reported open-market sale, the EVP and CFO directly holds 20,915 shares of Covenant Logistics Group Class A Common Stock. This post-transaction ownership figure is explicitly provided in the Form 4 filing.

Was the CVLG insider sale made under a Rule 10b5-1 trading plan?

Yes. The Form 4 footnote states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025. Such plans pre-schedule trades, reducing the significance of trade timing decisions.

What type of transaction is reported for CVLG stock on this Form 4?

The filing reports an open-market sale of non-derivative Class A Common Stock, coded as an “S” transaction. This indicates a sale in the open market or a private transaction, rather than an option exercise, gift, or tax withholding event.