BUNN PAUL 4/A

What Happened

• Paul Bunn, President of Covenant Logistics Group, exercised stock options on May 22, 2026 to acquire a total of 64,196 shares. The exercises were done at two strike prices: $7.88 and $10.62, resulting in aggregate cash paid of about $557,692. The Form 4 submitted June 1, 2026 is an amendment correcting details in the original filing.

Key Details

• Transaction date: May 22, 2026; amended Form 4 filed June 1, 2026 (see footnote F1).
• Line-item exercise details:
  • 32,682 shares @ $7.88 = $257,698
  • 12,682 shares @ $7.88 = $99,998
  • 9,416 shares @ $10.62 = $99,998
  • 9,416 shares @ $10.62 = $99,998
  • Total exercised: 64,196 options → 64,196 shares; total cost ≈ $557,692.
• Matching "disposed" derivative entries at $0 reflect conversion/cancellation of the option instruments upon exercise (transaction code M = exercise/conversion of derivative).
• Shares owned after the transactions are not disclosed in the amended filing.
• Footnote F1: amendment corrects exercise price, date exercisable, and number of options owned following these transactions.

Context

• This was an option exercise (insider paid the exercise prices to obtain common shares), not an open-market sale; no immediate sale of the acquired shares is reported on this Form 4. Exercises like this can reflect routine option vesting or tax/compensation planning; they are factual ownership increases rather than sell signals. The filing is an amended report correcting the original submission—review the updated Form 4 for any additional details.