Smith Joshua 4

What Happened
Joshua Smith, CFO of US Xpress (a Knight‑Swift subsidiary), had 1,695 restricted stock units (RSUs) vest and convert into 1,695 shares on January 31, 2026. To cover the tax withholding on the vesting, 431 of those shares were surrendered/sold at $55.10 each for proceeds of $23,748. The net result was delivery of 1,264 shares to Smith. This was an award/vesting event rather than a market purchase; the only sale was the routine tax-withholding sale.

Key Details

• Transaction date: 2026-01-31 (Form 4 filed 2026-02-03; filing appears timely).
• Vesting/conversion (code M): 1,695 RSUs converted 1-for-1 into 1,695 Class A common shares.
• Tax withholding (code F): 431 shares disposed at $55.10 per share for $23,748 to satisfy tax obligations.
• Net shares delivered to insider: 1,264 shares (1,695 vested − 431 withheld).
• Footnotes: F1 — RSUs convert 1:1 into Class A common stock. F2 — Grant vests in seven annual installments from 1/31/2022 through 1/31/2028; shares are issued as they vest.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
This is a routine vesting/tax-withholding transaction (award converted to stock and shares withheld/sold for taxes), not an intentional open-market sale or buy that signals a change in insider sentiment. For retail investors, award vesting increases insider ownership but the withheld/sold shares are administrative to cover taxes. Transaction codes: M = exercise/conversion of derivative (here conversion of RSUs); F = payment of exercise price or tax liability (share withholding).