PARKER DAVID RAY 4

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.