Covista director Stephen Beard proposes $604K sale

The proposed shares were acquired as compensation through restricted stock units and are tied to a December 10, 2025 plan intended to comply with Rule 10b5-1(c).

Rhea-AI Filing Summary

Goldman Sachs & Co. LLC submitted a notice on behalf of Covista Inc. director Stephen Beard covering a proposed sale of 4,667 common shares, with an aggregate market value of $603,816.46 and an approximate sale date of October 9, 2026. The shares are to be sold from the Stephen Wayne Beard Trust u/a/d September 3, 2015; the trust's trustee is Stephen W. Beard Jr.

The sale is connected with a plan dated December 10, 2025, intended to comply with Rule 10b5-1(c). The shares were acquired as compensation through restricted stock units on September 8, 2025. The trust reported sales during the preceding three months of 5,291 shares on July 13, 2026, 3,545 shares on August 11, 2026, and 3,639 shares on October 8, 2026.

Key Figures

Shares in proposed sale: 4,667 shares Aggregate market value: $603,816.46 Shares sold: 5,291 shares +2 more

5 metrics

Shares in proposed sale 4,667 shares Approximate sale date October 9, 2026

Aggregate market value $603,816.46 Proposed sale

Shares sold 5,291 shares July 13, 2026

Shares sold 3,545 shares August 11, 2026

Shares sold 3,639 shares October 8, 2026

Key Terms

Rule 144, Rule 10b5-1(c), Restricted Stock Units

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Rule 10b5-1(c) regulatory

"intended to comply with Rule 10b5-1(c)"

Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.

Restricted Stock Units financial

"Acquired as compensation -- Restricted Stock Units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CVSA shares does Stephen Beard plan to sell?

The notice covers 4,667 common shares from the Stephen Wayne Beard Trust, with an aggregate market value of $603,816.46. The approximate sale date is October 9, 2026.

What plan applies to Stephen Beard's proposed CVSA sale?

The sale is connected with a plan dated December 10, 2025, intended to comply with Rule 10b5-1(c).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/09/2026 - 05:15 PM EDT Accepted by SEC EDGAR 10/09/2026 - 05:15 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001508595
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Covista Inc.
SEC File Number	001-13988
Address of Issuer	233 South Wacker Drive Chicago ILLINOIS 60606
Phone	1-312-651-1400
Name of Person for Whose Account the Securities are To Be Sold	Stephen Beard
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	4667	603816.46	33860208	10/09/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/08/2025	Acquired as compensation -- Restricted Stock Units	Covista Inc.			4667	09/08/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Stephen Wayne Beard Trust u/a/d 09/03/2015 Mr. Stephen W. Beard Jr., Trustee 233 South Wacker Drive Chicago IL 60606	Common	07/13/2026	5291	702399.3
Stephen Wayne Beard Trust u/a/d 09/03/2015 Mr. Stephen W. Beard Jr., Trustee 233 South Wacker Drive Chicago IL 60606	Common	08/11/2026	3545	462073.73
Stephen Wayne Beard Trust u/a/d 09/03/2015 Mr. Stephen W. Beard Jr., Trustee 233 South Wacker Drive Chicago IL 60606	Common	10/08/2026	3639	474412.43

144: Remarks and Signature

Remarks	The sales of shares set forth herein are made in connection with a selling plan dated 12/10/2025, that is intended to comply with Rule 10b5-1(c). All shares to be sold out of the Stephen Wayne Beard Trust.
Date of Notice	10/09/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/10/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Goldman Sachs & Co. LLC on behalf of Stephen Beard
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)