PARKER DAVID RAY 4
4 · COVENANT LOGISTICS GROUP, INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Covenant Logistics (CVLG) 10% Owner David R. Parker Sells Shares
What Happened
- David R. Parker, identified as a 10% owner of Covenant Logistics Group, Inc. (CVLG), sold a total of 153,400 shares in multiple open-market transactions executed Feb 9–11, 2026, generating approximately $4,442,250 in proceeds. Individual reported trades:
- 2026-02-09: 56,000 shares @ $28.66 — $1,604,742
- 2026-02-10: 50,000 shares @ $29.23 — $1,461,465
- 2026-02-10: 15,202 shares @ $28.61 — $434,960
- 2026-02-10: 4,798 shares @ $28.57 — $137,055
- 2026-02-11: 16,693 shares @ $29.42 — $491,085
- 2026-02-11: 10,707 shares @ $29.23 — $312,943
- These were sales (dispositions). Sales are often routine liquidity events; they do not necessarily indicate management sentiment the way purchases sometimes do.
Key Details
- Transaction dates and reported prices: Feb 9–11, 2026 (see above). Several prices are reported as weighted averages across multiple executions (filing footnotes list the price ranges for those averages).
- Total proceeds: approximately $4,442,250 for 153,400 shares.
- Shares owned after the transactions: the filing says the post-transaction beneficial ownership is calculated from Mr. Parker’s Feb 9, 2026 account balance in the employer stock fund under the issuer’s 401(k) plan divided by the closing price on Feb 9, 2026 (the plan is unitized and does not allocate a specific share count).
- Notable footnotes: ranges for weighted-average sale prices are provided (filing includes F1, F3–F5, F7–F8); a two-for-one stock split was effected Dec 31, 2024 (F2); some shares are jointly owned with Mrs. Parker (F6).
- Filing timeliness: Form filed Feb 11, 2026 reporting trades from Feb 9–11; the filing does not indicate a late-report designation.
Context
- As a 10% owner, Mr. Parker is a significant shareholder—this is not the same as an executive’s trade. Dispositions by large shareholders can reflect diversification or liquidity needs rather than a view on the company’s prospects.
- The filing is informational and factual; it does not state motives. Purchases generally attract more interest from investors as potential bullish signals, while sales should be interpreted with caution and in context of other insider activity.
Insider Transaction Report
Form 4
PARKER DAVID RAY
DirectorChairman and CEO10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-02-09$28.66/sh−56,000$1,604,742→ 293,074 total - Sale
Class A Common Stock
[F3]2026-02-10$29.23/sh−50,000$1,461,465→ 243,074 total - Sale
Class A Common Stock
[F4]2026-02-10$28.61/sh−15,202$434,960→ 227,872 total - Sale
Class A Common Stock
[F5][F2][F6]2026-02-10$28.57/sh−4,798$137,055→ 2,360,344 total - Sale
Class A Common Stock
[F7][F6]2026-02-11$29.42/sh−16,693$491,085→ 2,343,651 total - Sale
Class A Common Stock
[F8][F6]2026-02-11$29.23/sh−10,707$312,943→ 2,332,944 total
Holdings
- 76,673(indirect: By 401(k))
Class A Common Stock
[F2][F9] - 4,700,000
Class B Common Stock
[F2][F6]
Footnotes (9)
- [F1]The price reflects a weighted average sale price for multiple transactions ranging from $28.52 to $28.775, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
- [F2]On December 31, 2024, the Issuer executed a two-for-one stock split with a record date of December 20, 2024, effected in the form of a stock dividend on each share of the Issuer's Class A common stock and Class B common stock.
- [F3]The price reflects a weighted average sale price for multiple transactions ranging from $28.70 to $29.69, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
- [F4]The price reflects a weighted average sale price for multiple transactions ranging from $28.605 to $28.69, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
- [F5]The price reflects a weighted average sale price for multiple transactions ranging from $28.55 to $28.605, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
- [F6]Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
- [F7]The price reflects a weighted average sale price for multiple transactions ranging from $29.28 to $30.27, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
- [F8]The price reflects a weighted average sale price for multiple transactions ranging from $29.13 to $29.27, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
- [F9]The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 9, 2026 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 9, 2026. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.