Miller Adam W 4

What Happened

• Adam W. Miller, CEO and Director of Knight-Swift Transportation Holdings (KNX), converted/received 17,758 restricted stock units (RSUs) into Class A common shares on March 12, 2026.
• To cover tax withholding, 7,699 of those shares were withheld at a per-share value of $55.10, generating $424,215. Net new shares received by Miller were 10,059 (17,758 issued minus 7,699 withheld).
• This was not an open‑market purchase or sale by the insider but the issuance/conversion of performance-based RSUs (routine issuance/tax withholding).

Key Details

• Transaction date: March 12, 2026; Form filed March 13, 2026 (timely filing).
• Conversion/derivative code: M (exercise or conversion of derivative); Tax withholding code: F.
• Shares issued: 17,758; Shares withheld for taxes: 7,699 at $55.10 each = $424,215; Net shares delivered: 10,059.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — RSUs convert one-for-one into Class A common stock. F2 — RSUs vested on Jan 31, 2026, but issuance was approved on Mar 12, 2026 when performance attainment was determined.
• No 10b5-1 plan or gift indicated.

Context

• This was a conversion/issuance of RSUs with shares withheld for taxes (a common, administrative transaction), not an open‑market sale or buy that signals trading intent.
• Because some RSUs were performance-based and vesting/issuance timing was tied to performance determination, the shares were issued on the date performance was certified (Mar 12).