David Parker's Stock Transactions and Holdings in Covenant Logistics Group

2026-05-01SEC Filing 4 (0001008886-26-000107)

This SEC Form 4 filing reports significant stock transactions by David R. Parker, Chairman and CEO of Covenant Logistics Group, Inc. (CVLG), and his wife Jacqueline F. Parker on April 29, 2026. The filing shows multiple transactions including the exercise of employee stock options for 165,332 shares of Class A Common Stock at $10.62 per share, a gift transaction of 70,000 shares at $0, and a sale of 95,760 shares at $34.84 per share. Following these transactions, David Parker directly owns 2,977,444 Class A shares and 4,700,000 Class B shares (jointly with his wife), plus 76,574 Class A shares indirectly through the company's 401(k) plan. The filing also notes a two-for-one stock split that occurred on December 31, 2024. These transactions represent substantial changes in the CEO's equity position, including both acquisitions through option exercises and dispositions through gifts and sales.