Covenant Logistics Group, Inc. filed a current report on November 12, 2026, disclosing that Chairman and CEO David Parker and his wife Jacqueline Parker intend to dispose of approximately $15 million in Class A common stock through open market and charitable gift transactions.

Key Highlights

  • Planned disposal: David Parker and Jacqueline Parker intend to dispose of shares valued at approximately $15 million at recent trading prices.
  • Portion of holdings: The planned disposal represents approximately 5% of the value of Company common stock held by the Parkers and related entities, according to the filing.
  • Transaction types: The shares are to be disposed of through open market and charitable gift transactions.
  • No 10b5-1 plan: The filing states that "the Parkers have not adopted a Rule 10b5-1 plan."
  • Signing officer: The report was signed by James S. Grant, Executive Vice President and Chief Financial Officer.

Parker Family Discloses Intent to Dispose of Covenant Logistics Shares

Covenant Logistics Group, Inc. (NYSE:CVLG) disclosed in an Item 8.01 current report filed November 12, 2026, that David Parker, the Company's Chairman and CEO, and his wife Jacqueline Parker have informed the Company of their intention to dispose of shares of the Company's Class A common stock. According to the filing, the shares targeted for disposal carry a value of approximately $15 million at recent trading prices.

The filing states that the planned amount represents approximately 5% of the value of the Company common stock held by the Parkers and related entities. The disposal is described as intended to occur through a combination of open market transactions and charitable gifts. The Company further disclosed that "the Parkers have not adopted a Rule 10b5-1 plan," meaning the transactions are not structured under the SEC's safe harbor provision for preplanned insider trading arrangements.

The report was signed on behalf of the registrant by James S. Grant, Executive Vice President and Chief Financial Officer. Covenant Logistics Group is incorporated in Nevada and headquartered at 400 Birmingham Hwy., Chattanooga, TN 37419. The Company's Class A common stock, with a par value of $0.01, is listed on The New York Stock Exchange under the trading symbol CVLG.

What Was Disclosed

The filing disclosed that Chairman and CEO David Parker and his wife Jacqueline Parker intend to sell or donate approximately $15 million worth of Covenant Logistics Class A common stock, representing roughly 5% of their combined holdings, without the use of a Rule 10b5-1 plan.