X0206 3 2022-05-18 0 0000928658 COVENANT LOGISTICS GROUP, INC. CVLG 0001930170 Ballard Joey 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 0 1 0 0 EVP, People and Safety Class A Common Stock 7824 D Class A Common Stock 17081 I 401(k) Employee Stock Option (Right to Buy) 15.77 2030-11-11 Class A Common Stock 15024 D Includes 7,177 shares of restricted stock subject to certain vesting, forfeiture, and termination provisions. The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's May 18, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 18, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant. The option becomes exercisable, if at all, if the closing price of the issuer's Class A Common Stock exceeds a certain price per share for at least 20 consecutive trading days before December 31, 2023. /s/ Joey Ballard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA filed herewith 2022-05-24