T. Rowe Price (CVLG) discloses 1.07M-share, 5.2% position in Covenant Logistics

Rhea-AI Filing Summary

Covenant Logistics Group Inc ownership filing: T. Rowe Price Investment Management, Inc. reports beneficial ownership of 1,067,787 shares of Common Stock, representing 5.2% as of 03/31/2026. The filing shows sole voting power for 1,055,034 shares and sole dispositive power for 1,067,787 shares. The filer includes a statement disclaiming beneficial ownership.

Insights

Institutional Ownership Analyst

T. Rowe Price discloses a 5.2% position in CVLG with sole voting and dispositive power nearly matching holdings.

Context: The filing lists 1,067,787 shares and 1,055,034 sole voting shares as of 03/31/2026, indicating a sizable passive stake for an investment manager. The signature is dated 05/15/2026.

Considerations: The filer explicitly denies beneficial ownership in the text; subsequent filings could clarify strategy or changes in position.

Corporate Governance Specialist

Disclosure highlights voting and dispositive authorities and includes an explicit disclaimer of beneficial ownership.

Mechanics: The schedule reports voting and disposition counts separately, a standard Schedule 13G presentation for institutional investors.

Dependencies: Any change in voting power or an amended filing would be the concrete signal to reassess governance influence.

Key Figures

Shares beneficially owned: 1,067,787 shares Percent of class: 5.2% Sole voting power: 1,055,034 shares +3 more

6 metrics

Shares beneficially owned 1,067,787 shares Amount beneficially owned reported on Schedule 13G

Percent of class 5.2% Percent of class as stated in Item 4

Sole voting power 1,055,034 shares Number with sole power to vote listed in Item 4(c)(i)

Sole dispositive power 1,067,787 shares Number with sole power to dispose listed in Item 4(c)(iii)

Reporting date 03/31/2026 Date at top of the filing reflecting the reporting period

CUSIP 22284P105 Issuer CUSIP as provided on the cover

Key Terms

Schedule 13G, Beneficial ownership, Sole dispositive power, CUSIP

4 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: COVENANT LOGISTICS GROUP INC"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Item 4. (a) Amount beneficially owned: 1067787"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Item 4 (c)(iii) Sole power to dispose or to direct the disposition of: 1067787"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

CUSIP technical

"COMMON STOCK 22284P105 03/31/2026"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

COVENANT LOGISTICS GROUP INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

22284P105

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 22284P105

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,055,034.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,067,787.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,067,787.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: COVENANT LOGISTICS GROUP INC
(b)	Address of issuer's principal executive offices: 400 BIRMINGHAM HIGHWAY, CHATTANOOGA, TN, 37419
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP Number(s): 22284P105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1067787
(b)	Percent of class: 5.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1055034
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1067787
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	05/15/2026

FAQ

What stake does T. Rowe Price hold in Covenant Logistics Group (CVLG)?

T. Rowe Price reports ownership of 1,067,787 shares, equal to 5.2%. The figure is shown on the Schedule 13G as of 03/31/2026, with voting and dispositive power details included in the filing.

Does T. Rowe Price have voting control over the shares of CVLG?

The filing shows sole voting power for 1,055,034 shares. It separately reports sole dispositive power for 1,067,787 shares, both figures presented on the Schedule 13G dated 03/31/2026.

When was the Schedule 13G for CVLG signed by T. Rowe Price?

The Schedule 13G is signed by an officer on 05/15/2026. The ownership amounts in the filing are reported as of 03/31/2026, with the signature appearing later.

Does T. Rowe Price claim beneficial ownership of the CVLG shares?

No. The filing includes an explicit statement in which T. Rowe Price disclaims that it is the beneficial owner of the securities, denying beneficial ownership in the text that accompanies the 13G figures.

What identifying details are included for the CVLG position filing?

The filing lists the issuer as Covenant Logistics Group Inc, CUSIP 22284P105, and the filer as T. Rowe Price Investment Management, Inc. with Maryland citizenship and address details provided.