COVENANT LOGISTICS GROUP, INC. (CVLG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: August 07, 2025

Risk Assessment Details

Potential Dilution: 23.36% of current shares
Recent Dilution: 0.99% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
20M
Potential Supply
4.8M
Additional shares possible
Splits
1 Split
Past 2 years

Summary

CVLG currently has 20.3M outstanding shares. with moderate dilution risk from 4.75M authorized shares representing 23.4% potential dilution. The company has minimally diluted shareholders by 0.99% over the past 2 years. Recent corporate actions include 1 stock split (positive for accessibility).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 07, 2025

10-Q filing | 20.3M shares outstanding

20M 4.8M
May 07, 2025

10-Q filing | 21.9M shares outstanding

22M 3.2M
Feb 28, 2025

10-K filing | 21.8M shares outstanding

22M 3.3M
Jan 02, 2025
Stock Split

8-K filing: Stock split 2-for-1 | Outstanding: 10,829,667 → 21,659,334

22M 3.4M
Nov 01, 2024

10-Q filing | 10.8M shares outstanding

11M 1.7M
Aug 02, 2024

10-Q filing | 10.8M shares outstanding

11M 1.7M
May 03, 2024

10-Q filing | 10.8M shares outstanding

11M 1.8M
Feb 28, 2024

10-K filing | 10.7M shares outstanding

11M 1.8M
Nov 09, 2023

10-Q filing | 10.6M shares outstanding

11M 2M
Aug 09, 2023

10-Q filing | 10.6M shares outstanding

11M 2M
May 05, 2023

10-Q filing | 10.7M shares outstanding

11M 1.9M
Feb 28, 2023

10-K filing | 11.2M shares outstanding

11M 1.3M
Nov 04, 2022

10-Q filing | 11.6M shares outstanding

12M 970K
Aug 12, 2022

S-3 filing: Covenant Logistics Group, Inc. is filing an S-3 to offer a combination of Class A Common Stock, Preferred Stock, and Debt Securities, with a maximum aggregate offering price not to exceed $200,000,000.

14M 0
Aug 05, 2022

10-Q filing | 12.5M shares outstanding

13M 0
May 06, 2022

10-Q filing | 13.8M shares outstanding

14M 0
Feb 28, 2022

10-K filing | 14.4M shares outstanding

14M 0
Nov 05, 2021

10-Q filing | 14.4M shares outstanding

14M 0
Aug 05, 2021

10-Q filing | 14.4M shares outstanding

14M 0
May 10, 2021

10-Q filing | 14.4M shares outstanding

14M 0
Mar 05, 2021

10-K filing | 14.8M shares outstanding

15M 0
Feb 19, 2021

8-K filing: On February 17, 2021, Covenant Logistics Group, Inc. granted 5,384 shares of restricted stock to Samuel F. Hough, the Company's Executive Vice President - Expedited Operations, vesting on February 17, 2022.

15M 0
Nov 03, 2020

10-Q filing | 14.8M shares outstanding

15M 0
Sep 23, 2020

8-K filing: Covenant Transport Solutions, LLC sold 630,268 shares of Triumph Bancorp, Inc. (TBI) common stock and paid the cash proceeds to Triumph as part of an amendment to their Accounts Receivable Purchase Agreement.

15M 0
Aug 10, 2020

10-Q filing | 14.7M shares outstanding

15M 0
Jun 08, 2020

8-K filing: Covenant Transportation Group, Inc. approved a grant of restricted stock to John A. Tweed and M. Paul Bunn, amended its bylaws to implement proxy access and advance director nomination notice provisions, adopted a recoupment policy, and updated its executive stock ownership policy.

15M 0
May 27, 2020

10-Q filing | 14.7M shares outstanding

15M 0
Mar 09, 2020

10-K filing | 16.2M shares outstanding

16M 0
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