FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MOYES JERRY
2. Issuer Name and Ticker or Trading Symbol

Knight-Swift Transportation Holdings Inc. [ KNX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    __X__ Other (specify below)
Member of 10% group
(Last)          (First)          (Middle)

2200 S. 75TH AVENUE, 
3. Date of Earliest Transaction (MM/DD/YYYY)

9/10/2019
(Street)

PHOENIX, AZ 85043
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(5)(6)(7) 9/10/2019    J (1)(2)(3)(4)(5)(6)(7)       1    (1)(2)(3)(4)(5)(6)(7)  (1)(2)(3)(4)(5)(6)(7) Class A Common Stock  8851692   (1)(2)(3)(4)(5)(6)(7) 0  I (8) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(5)(6)(7) 9/10/2019    J (1)(2)(3)(4)(5)(6)(7)    1       (1)(2)(3)(4)(5)(6)(7)  (1)(2)(3)(4)(5)(6)(7) Class A Common Stock  8851692   (1)(2)(3)(4)(5)(6)(7) 1  I (8) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(7)(9)(10) 9/10/2019    J (1)(2)(3)(4)(7)(9)(10)       1    (1)(2)(3)(4)(7)(9)(10)  (1)(2)(3)(4)(7)(9)(10) Class A Common Stock  9864000   (1)(2)(3)(4)(7)(9)(10) 0  I (8) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(7)(9)(10) 9/10/2019    J (1)(2)(3)(4)(7)(9)(10)    1       (1)(2)(3)(4)(7)(9)(10)  (1)(2)(3)(4)(7)(9)(10) Class A Common Stock  9864000   (1)(2)(3)(4)(7)(9)(10) 1  I (8) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(6)(7)(11) 9/10/2019    J (1)(2)(3)(4)(6)(7)(11)       1    (1)(2)(3)(4)(6)(7)(11)  (1)(2)(3)(4)(6)(7)(11) Class A Common Stock  5044308   (1)(2)(3)(4)(6)(7)(11) 0  I (12) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(6)(7)(11) 9/10/2019    J (1)(2)(3)(4)(6)(7)(11)    1       (1)(2)(3)(4)(6)(7)(11)  (1)(2)(3)(4)(6)(7)(11) Class A Common Stock  5044308   (1)(2)(3)(4)(6)(7)(11) 1  I (12) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(7)(13)(14) 9/10/2019    J (1)(2)(3)(4)(7)(13)(14)       1    (1)(2)(3)(4)(7)(13)(14)  (1)(2)(3)(4)(7)(13)(14) Class A Common Stock  2376000   (1)(2)(3)(4)(7)(13)(14) 0  I (12) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(7)(13)(14) 9/10/2019    J (1)(2)(3)(4)(7)(13)(14)    1       (1)(2)(3)(4)(7)(13)(14)  (1)(2)(3)(4)(7)(13)(14) Class A Common Stock  2376000   (1)(2)(3)(4)(7)(13)(14) 1  I (12) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(7)(15)(16) 9/10/2019    J (1)(2)(3)(4)(7)(15)(16)       1    (1)(2)(3)(4)(7)(15)(16)  (1)(2)(3)(4)(7)(15)(16) Class A Common Stock  3331003   (1)(2)(3)(4)(7)(15)(16) 0  I (12) Manager and Member 
Forward Sale Contract (obligation to sell)   (1)(2)(3)(4)(7)(15)(16) 9/10/2019    J (1)(2)(3)(4)(7)(15)(16)    1       (1)(2)(3)(4)(7)(15)(16)  (1)(2)(3)(4)(7)(15)(16) Class A Common Stock  3331003   (1)(2)(3)(4)(7)(15)(16) 1  I (12) Manager and Member 

Explanation of Responses:
(1)  On September 10, 2019, Cactus Holding Company, LLC ("Cactus I") and M Capital Group Investors II, LLC ("M Capital II") had certain terms of previously disclosed prepaid variable share forward contracts (each a "VPF" and, collectively, the "VPFs") changed, as further described herein.
(2)  Under the VPFs, Cactus I or M Capital II, as applicable, is obligated to deliver a variable amount of Class A Common Stock, par value $0.01 per share, of Knight-Swift Transportation Holdings Inc. ("Class A Common Stock"), or an equivalent amount of cash, upon certain dates set forth in the VPFs. The number of shares deliverable under the VPFs depends on the "Forward Floor Price," "Forward Cap Price," "Number of Shares," and "Settlement Price," each as defined in the applicable VPFs. The VPFs have one or more components, each with its own "Valuation Date" and "Number of Shares."
(3)  The actual number of shares required to be delivered under each component of the VPFs depends on the Settlement Price with respect to such component. If the Settlement Price is less than or equal to the Forward Floor Price on the relevant Valuation Date, the Number of Shares attributable to that component must be delivered. If the Settlement Price is greater than the Forward Floor Price but less than or equal to the Forward Cap Price, the number of shares to be delivered equals the Forward Floor Price, divided by the Settlement Price, multiplied by the Number of Shares. If the Settlement Price is greater than the Forward Cap Price, the number of shares to be delivered is equal to the product of (i) the Number of Shares and (ii) a fraction (a) the numerator of which is the sum of (x) the Forward Floor Price and (y) the Settlement Price minus the Forward Cap Price, and (b) the denominator of which is the Settlement Price.
(4)  The Settlement Price under the VPFs is defined as the volume-weighted average price per share of Class A Common Stock on the New York Stock Exchange on the relevant "Valuation Date" (as defined in each component). The shares or cash deliverable generally must be delivered on the date that is one Settlement Cycle (as defined in 2002 ISDA Equity Derivatives Definitions) following the relevant Valuation Date.
(5)  The reported transactions involve a change to an existing and previously reported VPF of M Capital II. The number of components remained unchanged at twenty. The Number of Shares underlying each component remained unchanged at 442,584 for eight of the components and 442,585 for 12 of the components. The Valuation Dates remain unchanged at March 13, 2020 through April 9, 2020. The maximum number of shares to be delivered under this VPF remained unchanged at 8,851,692.
(6)  The Forward Floor Price and Forward Cap Price under this VPF changed from $44.50 and $56.50 to $45.50 and $58.25, respectively.
(7)  In connection with these VPF transactions, and pursuant to the previously disclosed Trigger Price Agreement, M Capital II and Cactus Holding I made an aggregate payment of $6,500,000 and the Reset Trigger Price and Early Termination Price under the Trigger Price Agreement were increased.
(8)  Shares are held directly by M Capital II. The reporting persons constitute certain of the members of M Capital II. The reporting persons disclaim any beneficial ownership of these shares except to the extent of their pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of these shares for Section 16 or for any other purpose. The Jerry and Vickie Moyes Family Trust (the "JVMF Trust") is the sole manager of M Capital II.
(9)  The reported transactions involve a change to an existing and previously reported VPF of M Capital II. The number of components remained unchanged at twenty. The Number of Shares underlying each component remained unchanged at 493,200. The Valuation Dates were changed from May 26, 2020 through June 22, 2020 to June 10, 2020 through July 8, 2020. The maximum number of shares to be delivered under this VPF remained unchanged at 9,864,000.
(10)  The Forward Floor Price and Forward Cap Price under this VPF changed from $42.50 and $52.95 to $43.70 and $54.15, respectively.
(11)  The reported transactions involve a change to an existing and previously reported VPF of Cactus I. The number of components remained unchanged at three. The Number of Shares underlying each component remained unchanged at 1,681,436. The Valuation Dates remain unchanged at March 13, 2020 through March 17, 2020. The maximum number of shares to be delivered under this VPF remained unchanged at 5,044,308.
(12)  Shares are held directly by Cactus I. Cactus I is a wholly owned subsidiary of Cactus Holding Company III, LLC ("Cactus III"), of which the reporting persons constitute all of the members. The JVMF Trust is the sole manager of Cactus I and Cactus III.
(13)  The reported transactions involve a change to an existing and previously reported VPF of Cactus I. The number of components remained unchanged at three. The Number of Shares underlying each component remained unchanged at 792,000. The Valuation Dates were changed from May 26, 2020 through May 28, 2020 to June 10, 2020 through June 12, 2020. The maximum number of shares to be delivered under this VPF remained unchanged at 2,376,000.
(14)  The Forward Floor Price and Forward Cap Price under this VPF changed from $42.50 and $52.95 to $43.70 and $54.15, respectively.
(15)  The reported transactions involve a change to an existing and previously reported VPF of Cactus I. The number of components remained unchanged at three. The Number of Shares underlying each component remained unchanged at 1,110,334 for two of the components and 1,110,335 for the third component. The Valuation Dates were changed from May 26, 2020 through May 28, 2020 to June 10, 2020 through June 12, 2020. The maximum number of shares to be delivered under this VPF remained unchanged at 3,331,003.
(16)  The Forward Floor Price and Forward Cap Price under this VPF changed from $42.00 and $52.25 to $43.20 and $53.25, respectively.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MOYES JERRY
2200 S. 75TH AVENUE
PHOENIX, AZ 85043

X
Member of 10% group
MOYES VICKIE
P.O. BOX 1397
TOLLESON, AZ 85353

X

MOYES JERRY & VICKIE FAMILY TRUST
2200 S. 75TH AVENUE
PHOENIX, AZ 85043

X


Signatures
/s/ Jerry Moyes, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed 9/12/2019
**Signature of Reporting Person Date

/s/ Vickie Moyes, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed 9/12/2019
**Signature of Reporting Person Date

/s/ Jerry Moyes, Co-Trustee of the Jerry and Vickie Moyes Family Trust, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed 9/12/2019
**Signature of Reporting Person Date

/s/ Vickie Moyes, Co-Trustee of the Jerry and Vickie Moyes Family Trust, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed 9/12/2019
**Signature of Reporting Person Date


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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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