KNIGHT KEVIN P 4

What Happened
Kevin P. Knight, Executive Chairman and a director of Knight‑Swift Transportation (KNX), had restricted stock units (RSUs) vest and convert into Class A common stock on January 31, 2026. The filing shows three conversions totaling 18,795 RSUs. To satisfy tax withholding obligations, 4,786 shares were withheld (disposition code F) — two withholding entries were recorded at $55.10 per share (1,725 shares = $95,048 and 1,502 shares = $82,760) and one withholding of 1,559 shares was recorded with $0 consideration. Net shares issued to Mr. Knight after withholding were 14,009 shares (18,795 gross converted minus 4,786 withheld).

Key Details

• Transaction date: January 31, 2026; Form 4 filed February 3, 2026.
• Conversions (derivative exercise/conversion, code M): 6,625; 6,166; and 6,004 RSUs converted (total 18,795).
• Tax withholding (code F): 1,725 shares withheld at $55.10 (= $95,048), 1,502 shares withheld at $55.10 (= $82,760), and 1,559 shares withheld with $0 reported (total withheld = 4,786 shares; reported cash value = $177,808).
• Net shares received by Mr. Knight: 14,009 shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes: RSUs convert one‑for‑one to Class A common stock (F1); vesting schedule notes indicate portions vested on Jan 31, 2026 per grant terms (F2–F4).
• Transaction types: M = exercise/conversion of derivative (here, RSU conversion); F = shares withheld to cover tax liabilities (not an open‑market sale).

Context
This filing reflects routine compensation vesting (RSUs converting to stock) and share withholding to cover tax liabilities — a common, non‑market sale event. The withholding is not a market sale by the insider and does not necessarily indicate a change in sentiment about the company.