Insider selling is trivial relative to market cap and not clustered among C-suite executives in a meaningful way. No bearish signal. Monitor upcoming quarterly earnings for any fundamental changes, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Two insiders at Covenant Logistics sold a combined $643K in open-market sales over a 7-day window, with Director Hogan selling $502K and EVP Ballard selling $141K. President Bunn also exercised and sold derivatives in a non-cash tax-withholding transaction. The total sales represent ~0.07% of market cap, which is trivial and routine, and the cluster is not amplified by the asymmetry rule since these are sells, not buys.
Key Financial Metrics
Key Facts
- Director Joey B. Hogan sold 12,800 shares open-market for $501,545 on 2026-05-27.
- EVP Joey Ballard sold 3,718 shares open-market for $141,284 on 2026-05-26.
- President Paul Bunn exercised 64,196 derivative shares at $0 and $7.885, with 20,000 shares surrendered for tax withholding ($748,200 non-cash).
- Total open-market sales: $642,829, or ~0.07% of $978M market cap.
- No 10b5-1 plan pattern detected; sales are isolated and not part of a regular schedule.
Financial Impact
Total open-market sales of $643K represent 0.07% of market cap, well below the 0.1% materiality threshold.
Risk Factors
- Insider selling could accelerate if fundamentals deteriorate, but current volume is immaterial.
- President Bunn's derivative exercise and tax withholding are routine and non-informative.
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-1779922685577 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | Press Release | $33.19 | awaiting T+60 | — | $29.03 (−12.53%) |
Aug 17, 2026 10w ago | 8-K | $34.05 | awaiting T+60 | — | $29.03 (−14.74%) |
Jul 2, 2026 16w ago | Press Release | $43.94 $32.71 | ▼ −25.56% | ▼ −29.13% | $29.03 (−33.93%) |
Jun 26, 2026 17w ago | Court Ruling | $45.34 $34.15 | ▼ −24.68% | ▼ −28.30% | $29.03 (−35.97%) |
Jun 23, 2026 17w ago | 8-K | $42.82 $34.00 | ▼ −20.60% | ▼ −23.44% | $29.03 (−32.20%) |
Jun 5, 2026 20w ago | Press Release | $43.52 $35.35 | ▼ −18.77% | ▼ −22.77% | $29.03 (−33.30%) |
Jun 1, 2026 21w ago | Insider Cluster | $41.84 $35.54 | ▼ −15.06% | ▼ −16.18% | $29.03 (−30.62%) |
May 27, 2026 21w ago | Insider Cluster | $41.84 $35.54 | ▼ −15.06% | ▼ −16.18% | $29.03 (−30.62%) |
May 27, 2026 21w ago | Insider Cluster | $39.49 $35.20 | ▼ −10.85% | ▼ −12.59% | $29.03 (−26.48%) |
May 15, 2026 23w ago | 8-K | $35.21 $34.09 | ▼ −3.19% | ▼ −8.04% | $29.03 (−17.56%) |
US Market Status
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