Insider selling is trivial relative to market cap and shows no unusual pattern. CFO's option exercise and tax withholding are routine post-vesting activity. No actionable signal for traders — monitor next earnings for any fundamental change.
Price Chart
Executive Summary
Two insiders at Covenant Logistics sold a total of $662K in open-market sales over a 7-day window. Director Joey Hogan sold $502K and EVP Joey Ballard sold $161K. CFO Grant exercised options and surrendered shares for tax withholding (non-cash transactions). The total open-market sales represent ~0.07% of market cap, which is trivial and routine.
Key Financial Metrics
Key Facts
- Director Joey Hogan sold 12,800 shares at $39.18 for $502K on 2026-05-27
- EVP Joey Ballard sold 4,000 shares at $40.15 for $161K on 2026-06-01
- CFO Grant exercised 18,030 options at $0 and $7.885 (non-cash), then surrendered 10,430 shares for tax withholding ($413K)
- Total open-market sales: $662K, or ~0.07% of $999M market cap
- No open-market purchases in the cluster
Financial Impact
Open-market sales of $662K represent 0.07% of market cap — immaterial
Risk Factors
- No material insider risk identified from this cluster
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CVLG-1780346677502 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 23d ago | Press Release | $33.19 | awaiting T+60 | — | $28.99 (−12.65%) |
Aug 17, 2026 9w ago | 8-K | $34.05 | awaiting T+60 | — | $28.99 (−14.86%) |
Jul 2, 2026 16w ago | Press Release | $43.94 $32.71 | ▼ −25.56% | ▼ −29.13% | $28.99 (−34.02%) |
Jun 26, 2026 17w ago | Court Ruling | $45.34 $34.15 | ▼ −24.68% | ▼ −28.30% | $28.99 (−36.06%) |
Jun 23, 2026 17w ago | 8-K | $42.82 $34.00 | ▼ −20.60% | ▼ −23.44% | $28.99 (−32.30%) |
Jun 5, 2026 20w ago | Press Release | $43.52 $35.35 | ▼ −18.77% | ▼ −22.77% | $28.99 (−33.39%) |
Jun 1, 2026 20w ago | Insider Cluster | $41.84 $35.54 | ▼ −15.06% | ▼ −16.18% | $28.99 (−30.72%) |
May 27, 2026 21w ago | Insider Cluster | $41.84 $35.54 | ▼ −15.06% | ▼ −16.18% | $28.99 (−30.72%) |
May 27, 2026 21w ago | Insider Cluster | $39.49 $35.20 | ▼ −10.85% | ▼ −12.59% | $28.99 (−26.58%) |
May 15, 2026 23w ago | 8-K | $35.21 $34.09 | ▼ −3.19% | ▼ −8.04% | $28.99 (−17.67%) |
US Market Status
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