KNIGHT GARY J 4

What Happened
Gary J. Knight, Vice Chairman and director of Knight‑Swift Transportation Holdings (KNX), had 5,682 performance-based restricted stock units (RSUs) convert into Class A common stock on March 12, 2026. The RSUs carry no exercise price. To cover tax withholding, 2,805 of the issued shares were surrendered at $55.10 per share, generating $154,556 in tax withholding. Net shares retained by Knight from this issuance were 2,877 shares (approx. $158,523 based on $55.10), and the gross value of the 5,682 issued shares was roughly $313,078.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 13, 2026 (timely).
• Issuance: 5,682 RSUs converted to common stock (transaction code M). No exercise price ($0.00) as these were RSUs.
• Tax withholding: 2,805 shares withheld at $55.10/share for $154,556 (transaction code F).
• Net shares retained: 2,877 shares (5,682 issued − 2,805 withheld).
• Footnotes: F1 notes RSUs convert one‑for‑one to Class A common stock. F2 notes the RSUs vested Jan 31, 2026, but the performance determination and issuance were finalized on Mar 12, 2026.
• Shares owned after the transaction: not specified in the filing.

Context
This was an award/vesting event (performance RSUs converting to stock) with a routine tax‑withholding share surrender, not an open‑market sale. Such withholdings are common and reflect tax obligations rather than a directional trade signal.