Knight-Swift insider moves 21,987 shares into trust; beneficial ownership unchanged

Rhea-AI Filing Summary

Kevin P. Knight, Executive Chairman and Director of Knight-Swift Transportation Holdings Inc. (KNX), reported transactions dated 08/20/2025 that moved 21,987 Class A common shares from his direct ownership into a trust for which he is trustee and beneficiary. The filing states this transfer did not change his total beneficial ownership. After the transaction the filing reports 0 shares directly owned and 1,440,347 shares beneficially owned indirectly through the trust. The Form 4 was signed by an attorney-in-fact, James Brophy, on 08/22/2025. The filing indicates it was submitted by a single reporting person and identifies the transactions as transfers to a trust rather than purchases or sales.

Insights

Corporate Governance Expert

TL;DR: Transfer to a trust for which the insider remains beneficiary is an administrative ownership restructuring, not a disposition.

The reported transfer of 21,987 Class A shares from direct ownership into a trust where the reporting person is trustee and beneficiary is a common estate or ownership-structure action. It does not reduce reported beneficial ownership and therefore carries no immediate governance signal such as divestiture or change in voting control. Investors should note the indirect ownership level of 1,440,347 shares remains substantial, preserving influence over shareholder matters. The filing shows routine compliance with Section 16 reporting through Form 4.

Securities Analyst

TL;DR: This Form 4 documents an internal transfer; there is no reported sale or purchase affecting economic exposure.

The transaction code and explanation indicate the 21,987-share movement was a transfer from direct holding into a trust for which the reporting person is both trustee and beneficiary. Because the filing explicitly states total beneficial ownership did not change, there is no reported change to economic exposure or to the aggregate share count controlled by the insider. The signature by an attorney-in-fact is a standard administrative detail; no derivative instruments or other compensatory transactions are disclosed.

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
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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^*

KNIGHT KEVIN P

(Last) (First) (Middle)

2002 W WAHALLA LN

(Street)

PHOENIX AZ 85027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Knight-Swift Transportation Holdings Inc. [ KNX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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	08/20/2025		J		21,987(1)	D	$0	0	D
Class A Common Stock	08/20/2025		J		21,987(1)	A	$0	1,440,347	I	Trust

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 reported transaction represents a transfer of shares from direct ownership to a Trust for which the reporting person is a trustee and beneficiary. This is not a change in the total beneficial ownership of the reporting person.

	James Brophy / Attorney in Fact	08/22/2025
	** 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.

FAQ

What did Kevin P. Knight report on the KNX Form 4?

The filing reports a transfer of 21,987 Class A shares from direct ownership into a trust for which he is trustee and beneficiary.

Did the transfer change Kevin P. Knight's total beneficial ownership of KNX?

No. The Form 4 states the transfer did not change the reporting person's total beneficial ownership.

How many KNX shares does the filing show as beneficially owned after the transaction?

The filing reports 0 shares directly owned and 1,440,347 shares beneficially owned indirectly via the trust.

When was the transaction dated and when was the Form 4 signed?

The transaction date is 08/20/2025 and the Form 4 was signed by attorney-in-fact James Brophy on 08/22/2025.

What is Kevin P. Knight's role at Knight-Swift (KNX) as stated on the form?

The form lists Kevin P. Knight as a Director and Executive Chairman of Knight-Swift Transportation Holdings Inc.