Ballard Joey 4

What Happened Joey Ballard, EVP & Chief People & Safety Officer of Covenant Logistics (CVLG), sold a total of 8,000 shares in two open‑market transactions. On May 22, 2026 he sold 4,282 shares at $37.40 for $160,165, and on May 26, 2026 he sold 3,718 shares at $38.00 for $141,284, for combined proceeds of approximately $301,449. These sales were executed pursuant to a Rule 10b5‑1 trading plan adopted by Ballard on February 20, 2026. Sales are typically routine disposition events and do not by themselves indicate a change in insider sentiment.

Key Details

• Transaction dates and amounts:
  • 2026-05-22: 4,282 shares @ $37.40 = $160,165
  • 2026-05-26: 3,718 shares @ $38.00 = $141,284
  • Total sold: 8,000 shares for ~$301,449
• Footnote: reported prices reflect a weighted average sale price for multiple transactions ranging from $37.05 to $38.00; the reporting person will provide a per‑price breakdown upon request.
• Plan: Trades were made under a Rule 10b5‑1 plan adopted Feb 20, 2026.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: Form 4 filed May 27, 2026; the filing shows these sales together and does not indicate a late filing in the excerpt provided.

Context

• These were straightforward open‑market sales under an established 10b5‑1 plan (a pre‑arranged trading plan that can provide affirmative defenses under insider trading rules). For retail investors, sales by insiders are common and can be for many personal or tax reasons; purchases typically carry more weight as a bullish signal. No options were exercised and no gifts or awards were reported in this filing.