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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 4/11/24 |
| Issuer: |
| Issuer CIK: 928658 |
| Issuer Name: COVENANT LOGISTICS GROUP, INC. |
| Issuer Trading Symbol: CVLG |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1467658 |
| | Owner Name: BUNN PAUL |
| Reporting Owner Address: |
| | Owner Street 1: 400 BIRMINGHAM HIGHWAY |
| | Owner Street 2: |
| | Owner City: CHATTANOOGA |
| | Owner State: TN |
| | Owner ZIP Code: 37419 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Officer? Yes |
| | Officer Title: President, COO, and Secretary |
| Aff 10b5 One? No |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 4/11/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: D |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 12,028 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 87,629 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,515 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By Spouse |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 20,615 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: 401(k) |
| Footnotes: |
| Footnote - F1: Represents the forfeiture of restricted stock originally granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, due to the issuer not achieving the established performance targets, as certified by the issuer's compensation committee on the transaction date. |
| Footnote - F2: The number of shares beneficially owned following the reported transaction is equal to the reporting person's April 11, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on April 11, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant. |
| Owner Signature: |
| Signature Name: /s/ Paul Bunn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC |
| Signature Date: 4/15/24 |
