PARKER DAVID RAY

CEO Parker David Ray sells 150,400 CVLG shares for $4.4M over 3 days at $29.32-$29.38 avg; stock near 52-week high

Parker David Ray, Chairman and CEO of Covenant Logistics Group, executed 4 separate sales totaling 150,400 shares for $4,410,135.17 across February 18–20, 2026, at prices ranging from $28.98 to $29.47 (blended average $29.32). The sales reduced his holdings by 6.8% to 2,047,544 shares. The transactions occurred while CVLG traded near its 52-week high of $29.63 and have appreciated 11.1% and 54.5% over the 30- and 90-day periods respectively, suggesting the CEO executed sales in a strong momentum environment. The company's P/E of 21.54 and modest annual revenue growth of 2.5% indicate a mature operational profile. At the same-ticker level, Ray has executed 5 prior trades within days (Feb 12–17), all sales with no yet-measurable 90-day outcomes, establishing a pattern of recent systematic selling activity.

CEO Parker David Ray sold 135,000 shares (5.8% of holdings) for $3,974,030.85 across 6 transactions Feb 10-17 at $27.02–$29.70.

Parker David Ray, Chairman and CEO of Covenant Logistics Group, executed 6 separate sales totaling 135,000 shares for $3,974,030.85 over February 10–17, reducing his holdings from 2,332,944 to 2,197,944 shares. The blended average price of $29.44 is at the 52-week high of $29.54, and the stock has gained 14.1% over 30 days and 61.5% over 90 days, suggesting the timing aligns with strong near-term momentum. His cross-ticker track record shows 18 prior open-market sells with a 100% well-timed rate at the 90-day mark (average 90d return of -55.1%), though at this specific ticker, 5 prior recent trades (all sells on Feb 10–11) have outcomes not yet measurable. The filing shows material disposition of equity by a senior executive during a period of elevated valuation and positive price momentum, without FLAGS indicating a scheduled 10b5-1 plan.

CVLG Chairman/CEO Parker David Ray sold 153,400 shares for $4.4M across three days (Feb 9-11) at blended avg $28.96, now at 52-week high.

David Ray executed 6 separate sales totaling 153,400 shares for $4,442,249.39 across three trading days (Feb 9–11, 2026), reducing his holdings by 6.2% from 2.49M to 2.33M shares. The sales occurred at a blended average price of $28.96, and the current price of $29.26 sits at the 52-week high—meaning the stock has appreciated 16.0% over 30 days and 52.2% over 90 days, placing the timing of these sales at or near the peak of recent momentum. Notably, Ray's prior five trades at Covenant Logistics were all well-timed sells (100% at the 90-day mark), with 90-day returns averaging -54.3%, suggesting a demonstrated pattern of selling into rallies before subsequent declines. The multi-day execution and large notional value ($4.4M) warrant close scrutiny of whether the timing reflects confidence in current valuations or precedes a material shift in the business outlook.