PARKER DAVID RAY 4
4 · COVENANT LOGISTICS GROUP, INC. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Covenant Logistics (CVLG) 10% Owner David R. Parker Sells Shares
What Happened David R. Parker (listed as a 10% owner) executed multiple open-market sales of Covenant Logistics Group, Inc. (CVLG) common stock between Feb 12 and Feb 17, 2026. The filings show six sale lots totaling 135,000 shares for aggregate proceeds of approximately $3.97 million. Key lots include 96,333 shares on Feb 17 at $29.70 (~$2.86M) and other sales on Feb 12 and Feb 13 at weighted prices in the $27.02–$29.70 range.
Key Details
- Transaction dates & reported weighted prices:
- 2026-02-12: 16,230 @ $29.36 (≈ $476,492) [weighted range $28.70–$29.4125]
- 2026-02-12: 2,770 @ $27.76 (≈ $76,882) [weighted range $27.42–$28.405]
- 2026-02-12: 1,000 @ $27.02 (≈ $27,020) [weighted range $26.90–$27.36]
- 2026-02-13: 15,000 @ $28.46 (≈ $426,911) [weighted range $28.05–$28.71]
- 2026-02-17: 96,333 @ $29.70 (≈ $2,860,946) [weighted range $29.00–$29.99]
- 2026-02-17: 3,667 @ $28.85 (≈ $105,781) [weighted range $28.80–$28.93]
- Total sold: 135,000 shares for ≈ $3.97M.
- Shares owned after transaction: the filing indicates post-transaction beneficial ownership is equal to Mr. Parker’s Feb 12, 2026 employer 401(k) stock fund balance divided by that day’s closing price; the plan is unitized so no specific share count is assigned in the filing (see footnote F8).
- Ownership form: some shares are held jointly with Mrs. Parker as joint tenants with right of survivorship (footnote F2).
- Pricing notes: multiple weighted-average price footnotes (F1–F7) indicate sales occurred in several executions; full per-price breakdown is available upon request to the SEC/issuer/stockholders.
- Timeliness: The filing was submitted on Feb 17, 2026. Sales on Feb 12 required reporting within two business days (due Feb 16), so the Feb 12 trades were reported one business day late; Feb 13 and Feb 17 trades were reported on or within required timing.
Context
- These were outright open-market sales (transaction code S) by a 10% owner, not option exercises or awards. Sales do not by themselves indicate insider sentiment; purchases often carry more informational weight for investors.
- As a 10% owner, Mr. Parker is a significant holder (reporting under beneficial ownership rules) rather than necessarily an executive—treatment and reporting timelines are the same but motivations can differ from routine executive compensation or tax-related trades.
Insider Transaction Report
Form 4
PARKER DAVID RAY
DirectorChairman and CEO10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-02-12$29.36/sh−16,230$476,492→ 2,316,714 total - Sale
Class A Common Stock
[F3][F2]2026-02-12$27.76/sh−2,770$76,882→ 2,313,944 total - Sale
Class A Common Stock
[F4][F2]2026-02-12$27.02/sh−1,000$27,020→ 2,312,944 total - Sale
Class A Common Stock
[F5][F2]2026-02-13$28.46/sh−15,000$426,911→ 2,297,944 total - Sale
Class A Common Stock
[F6][F2]2026-02-17$29.70/sh−96,333$2,860,946→ 2,201,611 total - Sale
Class A Common Stock
[F7][F2]2026-02-17$28.85/sh−3,667$105,781→ 2,197,944 total
Holdings
- 227,872
Class A Common Stock
- 76,795(indirect: By 401(k))
Class A Common Stock
[F8] - 4,700,000
Class B Common Stock
[F2]
Footnotes (8)
- [F1]The price reflects a weighted average sale price for multiple transactions ranging from $28.70 to $29.4125, 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]Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
- [F3]The price reflects a weighted average sale price for multiple transactions ranging from $27.42 to $28.405, 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 $26.90 to $27.36, 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 $28.05 to $28.71, 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]The price reflects a weighted average sale price for multiple transactions ranging from $29.00 to $29.99, 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.
- [F7]The price reflects a weighted average sale price for multiple transactions ranging from $28.80 to $28.93, 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 number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 12, 2026 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 12, 2026. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.