Knight-Swift (KNX) Form 4: Officer sale of 3,420 Class A shares

Rhea-AI Filing Summary

Michael K. Liu, EVP - Operations of Knight-Swift Transportation Holdings Inc. (KNX), sold 3,420 shares of Class A common stock on 09/03/2025 at $43.4109 per share. After the transaction the filer reports 0 shares beneficially owned. The Form 4 was signed by an attorney-in-fact on 09/05/2025. No derivative transactions are reported on this form.

Positive

• Timely disclosure of an insider sale fulfilling Section 16 reporting obligations

Negative

• Insider sale of 3,420 shares reducing reported direct beneficial ownership to 0 shares

Insights

Corporate Governance Expert

TL;DR: Routine insider sale disclosed; timely filing and zero remaining direct ownership reported.

The report documents a straightforward open-market sale by an officer with no accompanying derivative activity disclosed. From a governance perspective, the filing meets Section 16 disclosure requirements and identifies the reporting person as EVP-Operations. The elimination of direct holdings may reduce potential conflicts of interest but also removes ongoing insider equity alignment. There is no information here about the motive, any planned trading program, or related trades by other insiders.

Securities Analyst

TL;DR: Transaction is a small single-sale; unlikely to be material to KNX valuation on its own.

3,420 shares sold at $43.4109 is a modest transaction for a public company of Knight-Swift's size. The filing shows no options, grants, or derivative positions reported. Absent additional insider activity or company disclosures, this single Form 4 sale is neutral for investors and does not by itself indicate a change in company fundamentals.

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

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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^*

Liu Michael K

(Last) (First) (Middle)

5601 WEST BUCKEYE ROAD

(Street)

PHOENIX AZ 85043

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Operations

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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	09/03/2025		S		3,420	D	$43.4109	0	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:

	James Brophy / Attorney in Fact	09/05/2025
	** 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 Michael K. Liu sell in the KNX Form 4?

The filing shows 3,420 shares of Class A common stock were sold on 09/03/2025 at $43.4109 per share.

How many KNX shares does the reporting person own after the sale?

The Form 4 reports 0 shares beneficially owned following the reported transaction.

Were any derivative securities reported in this Form 4 for KNX?

No. No derivative securities were listed in Table II of the Form 4.

Who signed the KNX Form 4 and when was it signed?

The form was signed by James Brophy, attorney-in-fact on 09/05/2025.