Form 4: CFO Andrew Hess Gifts KNX Shares Under 10b5-1 Plan

Knight-Swift Transportation CFO Andrew Hess reported gifting 500 shares of Class A Common Stock on December 2, 2025, under a Rule 10b5-1 plan.

Summary

• Andrew Hess, the Chief Financial Officer (CFO) of Knight-Swift Transportation Holdings Inc. (KNX), reported a change in beneficial ownership.
• On December 2, 2025, Hess disposed of 500 shares of Class A Common Stock.
• The transaction was coded 'G', indicating a gift, with a reported price of $0 per share.
• Following this transaction, Hess directly beneficially owns 8,486 shares of Class A Common Stock.
• The disposition was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The transaction is a gift of shares by a key executive, which is a neutral event for the company's operational performance or financial health. It represents a reduction in direct beneficial ownership but not a sale for personal gain.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary disposition, which can mitigate concerns about opportunistic selling.

Negatives

• The transaction represents a reduction in the direct beneficial ownership of Class A Common Stock by a key executive, albeit through a gift rather than a sale for cash.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, generally considered neutral given it's a gift and not a sale for profit.

Key Dates

Recommendation

This Form 4 reports a routine gift of a relatively small number of shares by the CFO. Such a transaction, especially when executed under a 10b5-1 plan, is generally not indicative of significant changes in the company's fundamentals or future prospects and therefore does not warrant a change in investment recommendation.

Keywords

Knight-Swift Transportation, KNX, Andrew Hess, CFO, Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Class A Common Stock, Rule 10b5-1