Covista Inc. (CVSA) SVP Beck sells 9,615 shares under Rule 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Covista Inc. senior vice president and general counsel Douglas G. Beck sold 9,615 shares of common stock in an open-market transaction at a weighted average price of $127.0287 per share. The sale was executed on May 8, 2026 under a pre-established Rule 10b5-1 trading plan.

After this transaction, Beck directly holds 38,159 Covista common shares. The company’s policy allows no discretionary insider trades, so the sale formed part of pre-scheduled increments designed to reduce holdings above Covista’s stock ownership and holding requirements.

Insider Trade Summary 10b5-1

Net Seller: 9,615 shares ($1,221,381)

Net Sell 1 txn

Insider BECK DOUGLAS G.

Role SVP, GC, Corp. Sec & ISS

Sold 9,615 shs ($1.22M)

Type	Security	Shares	Price	Value
Sale	Common Stock	9,615	$127.0287	$1.22M

Holdings After Transaction: Common Stock — 38,159 shares (Direct, null)

Footnotes (1)

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025 in accordance with Covista's Insider Sales and Ownership Policy Addendum. Shares sold represent a portion of holdings in excess of Covista's Stock Ownership and Holding Requirements and were executed in pre-scheduled increments under the trading plan. No discretionary trades by the reporting person are permitted under Covista policy; all sales must occur pursuant to a pre-established Rule 10b5-1 trading plan absent a hardship exception. This transaction was executed in multiple trades at prices ranging from $125.00 to $128.20. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Key Figures

Shares sold: 9,615 shares Weighted average sale price: $127.0287 per share Shares held after transaction: 38,159 shares +2 more

5 metrics

Shares sold 9,615 shares Open-market sale on May 8, 2026

Weighted average sale price <money>$127.0287</money> per share Common stock sale

Shares held after transaction 38,159 shares Direct ownership following sale

Trade price range <money>$125.00</money>–<money>$128.20</money> per share Multiple executions within one transaction

Trading plan adoption date <date>December 11, 2025</date> Rule 10b5-1 plan for scheduled sales

Key Terms

Rule 10b5-1 trading plan, weighted average sales price, hardship exception, stock ownership and holding requirements, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average sales price financial

"The price reported above reflects the weighted average sales price."

hardship exception regulatory

"all sales must occur pursuant to a pre-established Rule 10b5-1 trading plan absent a hardship exception."

stock ownership and holding requirements financial

"holdings in excess of Covista's Stock Ownership and Holding Requirements"

open-market sale financial

"transaction_code_description: Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 04:55 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BECK DOUGLAS G.

(Last)

(First)

(Middle)

233 S. WACKER DRIVE

SUITE 800

(Street)

CHICAGO

ILLINOIS

60606

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Covista Inc. [ CVSA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, GC, Corp. Sec & ISS

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾⁽²⁾⁽³⁾	05/08/2026		S		9,615	D	$127.0287⁽⁴⁾	38,159	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025 in accordance with Covista's Insider Sales and Ownership Policy Addendum.

2. Shares sold represent a portion of holdings in excess of Covista's Stock Ownership and Holding Requirements and were executed in pre-scheduled increments under the trading plan.

3. No discretionary trades by the reporting person are permitted under Covista policy; all sales must occur pursuant to a pre-established Rule 10b5-1 trading plan absent a hardship exception.

4. This transaction was executed in multiple trades at prices ranging from $125.00 to $128.20. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

	/s/ Lawrence C. Bachman, attorney-in-fact for Mr. Beck	05/12/2026
	** Signature of Reporting Person	Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Covista Inc. (CVSA) report for Douglas G. Beck?

Covista reported that SVP and general counsel Douglas G. Beck sold 9,615 common shares. The open-market transaction occurred at a weighted average price of $127.0287 per share as part of a pre-arranged Rule 10b5-1 trading plan on May 8, 2026.

At what prices were Douglas G. Beck’s Covista (CVSA) shares sold?

The reported weighted average sale price was $127.0287 per share. Footnotes state the transaction was executed in multiple trades at prices ranging from $125.00 to $128.20, with full trade-by-trade details available upon request from the reporting person or issuer.

How many Covista (CVSA) shares does Douglas G. Beck hold after the sale?

Following the reported sale, Douglas G. Beck directly holds 38,159 shares of Covista common stock. This figure reflects his remaining direct ownership position as of the Form 4, after disposing of 9,615 shares in the pre-scheduled open-market transaction.

Was the Covista (CVSA) insider sale by Douglas G. Beck discretionary?

The sale was not discretionary. Footnotes explain Covista policy prohibits discretionary insider trades, requiring sales to occur only under pre-established Rule 10b5-1 trading plans, absent a defined hardship exception, which frames this transaction as part of a structured, pre-planned program.

What is the Rule 10b5-1 trading plan mentioned in the Covista (CVSA) filing?

The filing states Beck’s sale was executed under a Rule 10b5-1 trading plan adopted on December 11, 2025. Such plans pre-schedule trades when the insider is not aware of material nonpublic information, providing a structured mechanism for orderly share sales over time.

Why did Douglas G. Beck sell Covista (CVSA) shares under the trading plan?

Footnotes indicate the shares sold represented holdings above Covista’s stock ownership and holding requirements. The sales were executed in pre-scheduled increments pursuant to the Rule 10b5-1 plan, aligning the executive’s position with the company’s internal ownership guidelines.