KNIGHT KEVIN P 4

What Happened
Kevin P. Knight, Executive Chairman and director of Knight‑Swift Transportation (KNX), received 19,180 shares on March 12, 2026 when restricted stock units converted into Class A common stock. To cover tax withholding, 4,670 of those shares were surrendered at $55.10 each, generating proceeds of $257,317. Net shares retained from this issuance: 14,510. The gross value of the 19,180 shares at $55.10 is roughly $1.06 million.

Key Details

• Transaction date: March 12, 2026 (Form filed March 13, 2026; appears timely).
• Primary actions reported: conversion/exercise of a derivative (code M) resulting in 19,180 shares issued; tax withholding (code F) of 4,670 shares at $55.10 for $257,317. One derivative entry reports $0 consideration consistent with RSU conversion.
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1 — RSUs convert one‑for‑one into Class A common stock. F2 — RSUs vested on Jan 31, 2026 but issuance occurred Mar 12, 2026 after performance targets were certified.
• No 10b5‑1 plan or gift noted; withholding was to satisfy tax liability (routine).

Context
This was an RSU conversion and related tax withholding — not an open‑market sale or a purchase. Code M here reflects conversion/exercise of the derivative (RSU) into stock; code F reflects shares withheld to pay taxes. Such withholding is a routine administrative step and does not necessarily indicate a change in the insider’s view of the company.