Michael J. Gerdin - May 3, 2023 Form 4 Insider Report for HEARTLAND EXPRESS INC (HTLD)

Role
Chief Executive Officer, Director, Co-Trustee of 10% Owner, 10%+ Owner
Signature
/S/Michael J. Gerdin
Stock symbol
HTLD
Transactions as of
May 3, 2023
Transactions value $
$1,539,171
Form type
4
Date filed
5/5/2023, 05:35 PM
Previous filing
Feb 14, 2023
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTLD Common Stock Purchase $602K +40.2K +214.08% $14.98 59K May 3, 2023 Trustee of Trust F1, F2
transaction HTLD Common Stock Purchase $642K +43.4K +73.57% $14.80 102K May 4, 2023 Trustee of Trust F2, F3
transaction HTLD Common Stock Purchase $295K +19.7K +19.21% $14.99 122K May 5, 2023 Trustee of Trust F2, F4
holding HTLD Common Stock 12.9M May 3, 2023 Co-Trustee of Trust F5
holding HTLD Common Stock 4.28M May 3, 2023 Co-Trustee of Trust F6
holding HTLD Common Stock 6.02M May 3, 2023 Trustee of GRATs F7
holding HTLD Common Stock 38.4K May 3, 2023 Trustee of Trusts F8
holding HTLD Common Stock 5M May 3, 2023 Co-Trustee of Trust F9
holding HTLD Common Stock 1.94M May 3, 2023 Co-General Partner of Partnership F10
holding HTLD Common Stock 628K May 3, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reflects a weighted average purchase price for multiple transactions ranging from 14.7800 to 14.9900 per share, inclusive. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
F2 Mr. Gerdin is the trustee of the Michael J. Gerdin Revocable Trust with voting and dispositive power.
F3 The price reflects a weighted average purchase price for multiple transactions ranging from 14.5800 to 14.9300 per share, inclusive. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
F4 The price reflects a weighted average purchase price for multiple transactions ranging from 14.9800 to 14.9900 per share, inclusive. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
F5 Mr. Gerdin, Julie Durr, Angela Janssen, and Mrs. Gerdin serve as co-trustees over shares held by the Ann S. Gerdin Revocable Trust. As co-trustees, they have shared voting and dispositive powers with respect to this trust. Beneficial ownership is disclaimed for Mr. Gerdin, Mrs. Durr, and Mrs. Janssen.
F6 Mr. Gerdin is one of the beneficiaries of the 2009 Gerdin Heartland Trust. Mr. Gerdin, Mrs. Durr, and Mrs. Janssen serve as co-trustees over shares held by the trust. Beneficial ownership is disclaimed with respect to this trust because none of the trustees have the power to vote or dispose shares without consent of the other two trustees.
F7 Mr. Gerdin is the trustee of GRATs established by Ann S. Gerdin for her benefit. As trustee, Mr. Gerdin has sole voting and dispositive power over the shares owned by these GRATs. Beneficial ownership is disclaimed.
F8 Mr. Gerdin is the trustee of trusts created for the benefit of his children. As trustee, Mr. Gerdin has voting and dispositive powers with respect to the trusts. Beneficial ownership is disclaimed.
F9 Mr. Gerdin is one of the beneficiaries of the 2007 Gerdin Heartland Trust. Mr. Gerdin, Mrs. Durr, and Mrs. Janssen serve as co-trustees over shares held by the trust. Beneficial ownership is disclaimed with respect to this trust because none of the trustees have the power to vote or dispose shares without the consent of the other two trustees.
F10 The Ann S. Gerdin Revocable Trust, Mr. Gerdin, Mrs. Durr, and Mrs. Janssen are co-general partners of Gerdin Family Investments LP. None of the Ann S. Gerdin Revocable Trust, Mr. Gerdin, Mrs. Durr, or Mrs. Janssen has voting and dispositive powers with respect to this partnership without consent of the majority of the other co-general partners. Beneficial ownership is disclaimed except to the extent of each such reporting person's percentage ownership of general and limited partner shares in the partnership.