[Form 4] COVENANT LOGISTICS GROUP, INC. Insider Trading Activity
Covenant Logistics Group Chairman and CEO David Ray Parker, together with Jacqueline F. Parker as joint owners of the stock, reported open-market sales of Class A common stock totaling 150,400 shares of CVLG on February 18–20, 2026.
Rhea-AI Filing Summary
Covenant Logistics Group Chairman and CEO David Ray Parker, together with Jacqueline F. Parker as joint owners of the stock, reported open-market sales of Class A common stock totaling 150,400 shares of CVLG on February 18–20, 2026. The reported weighted average sale prices for these trades were around $29 per share, with individual transactions priced at $29.3389, $29.3821, $29.4714, and $28.9789. Following these sales, one direct Class A holding account showed 2,047,544 shares, while the filing also listed 227,872 additional Class A shares in another direct account, 76,669 Class A shares held through a 401(k) plan, and 4,700,000 shares of Class B common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,452 | $29.4714 | $367K |
| Sale | Class A Common Stock | 17,948 | $28.9789 | $520K |
| Sale | Class A Common Stock | 55,000 | $29.3821 | $1.62M |
| Sale | Class A Common Stock | 65,000 | $29.3389 | $1.91M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (6)
- F1. The price reflects a weighted average sale price for multiple transactions ranging from $29.03 to $29.90, 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.
- F2. Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
- F3. The price reflects a weighted average sale price for multiple transactions ranging from $29.295 to $29.75, 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.
- F4. The price reflects a weighted average sale price for multiple transactions ranging from $29.175 to $30.17, 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.
- F5. The price reflects a weighted average sale price for multiple transactions ranging from $28.73 to $29.17, 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.
- F6. The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 18, 2026 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 18, 2026. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
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