Knight-Swift (NYSE: KNX) CEO nets shares after RSU performance vesting

Rhea-AI Filing Summary

Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller reported compensation-related equity activity involving performance restricted stock units. On March 12, 2026, 17,758 performance RSUs were exercised and converted into the same number of shares of Class A Common Stock at a stated price of $0.00 per share, following vesting on January 31, 2026 and performance approval on March 12, 2026.

Of these shares, 7,699 shares of Class A Common Stock were disposed of at $55.10 per share to satisfy exercise price or tax liabilities, leaving 20,441 shares of Class A Common Stock held directly after the transactions. In addition, a separate holding entry shows 169,440 shares of Class A Common Stock held indirectly through a trust.

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^*

Miller Adam W

(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)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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	03/12/2026		M		17,758	A	(1)	28,140	D
Class A Common Stock	03/12/2026		F		7,699	D	$55.1	20,441	D
Class A Common Stock								169,440	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
Performance Restricted Stock Units	(1)	03/12/2026		M			17,758	03/12/2026	(2)	Class A Common Stock	17,758	$0	0	D

Explanation of Responses:

1. Restricted stock units convert into Class A Common Stock on a one-for-one basis.

2. The shares vested on January 31, 2026, but the performance target attainment was not determined and approved until March 12, 2026, when the shares were issued.

	James Brophy / Attorney in Fact	03/13/2026
	** Signature of Reporting Person	Date
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FAQ

What did Knight-Swift (KNX) CEO Adam W. Miller report in this Form 4?

Adam W. Miller reported the exercise of 17,758 performance restricted stock units into Class A Common Stock. The filing also shows a related tax-liability share disposition and updated direct and indirect shareholdings, reflecting routine equity compensation activity rather than an open-market stock purchase or sale.

How many Knight-Swift (KNX) RSUs did the CEO exercise and convert?

The CEO exercised and converted 17,758 performance restricted stock units into 17,758 shares of Class A Common Stock. The RSUs convert on a one-for-one basis, and the performance target was approved on March 12, 2026, when the shares were issued according to the filing footnotes.

What was the tax-related share disposition reported by KNX’s CEO?

The Form 4 shows a disposition of 7,699 shares of Class A Common Stock at $55.10 per share. This transaction is coded as tax-liability payment by delivering securities, indicating shares were withheld or delivered to cover obligations arising from the RSU exercise.

How many Knight-Swift (KNX) shares does the CEO hold directly after these transactions?

After the reported transactions, Adam W. Miller directly holds 20,441 shares of Knight-Swift Class A Common Stock. This updated figure reflects the RSU exercise and the tax-related share disposition recorded on March 12, 2026, as detailed in the Form 4 non-derivative table.

What indirect Knight-Swift (KNX) holdings are shown for the CEO in this Form 4?

The filing includes an indirect holding entry of 169,440 shares of Class A Common Stock classified as held through a trust. This reflects additional beneficial ownership separate from the CEO’s directly held 20,441 shares, providing a broader view of his total reported equity exposure.

Were any Knight-Swift (KNX) derivative securities left after the CEO’s RSU exercise?

The derivative transaction table shows 17,758 performance RSUs exercised into Class A Common Stock, and the derivative summary is empty afterward. This indicates no remaining derivative position from these specific performance restricted stock units following the March 12, 2026 exercise event.