Covista (CVSA) CEO Stephen Beard sells 15,874 shares in pre-set 10b5-1 trade

Rhea-AI Filing Summary

Covista Inc. Chairman & CEO Stephen W. Beard reported an open-market sale of 15,874 shares of Covista common stock on May 8, 2026 at a weighted average price of $131.2529 per share. After this transaction, he directly holds 429,324 Covista shares.

The sale was carried out under a pre-established Rule 10b5-1 trading plan adopted on December 10, 2025 in line with Covista’s Insider Sales and Ownership Policy Addendum. Footnotes state that the shares sold represent a portion of holdings above Covista’s Stock Ownership and Holding Requirements and that all sales must occur under such pre-set plans absent a hardship exception.

The transaction was executed in multiple trades at prices ranging from $130.00 to $132.67 per share, with the reported price reflecting the weighted average sales price.

Insider Trade Summary 10b5-1

Net Seller: 15,874 shares ($2,083,509)

Net Sell 1 txn

Insider Beard, Stephen W.

Role Chairman & CEO

Sold 15,874 shs ($2.08M)

Type	Security	Shares	Price	Value
Sale	Common Stock	15,874	$131.2529	$2.08M

Holdings After Transaction: Common Stock — 429,324 shares (Direct, null)

Footnotes (1)

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 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 $130.00 to $132.67. 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: 15,874 shares Weighted average sale price: $131.2529 per share Share price range: $130.00–$132.67 per share +2 more

5 metrics

Shares sold 15,874 shares Open-market sale on May 8, 2026

Weighted average sale price $131.2529 per share Common stock sale on May 8, 2026

Share price range $130.00–$132.67 per share Multiple trades comprising the reported sale

Shares held after transaction 429,324 shares Direct ownership following May 8, 2026 sale

Trading plan adoption date December 10, 2025 Rule 10b5-1 plan governing this sale

Key Terms

Rule 10b5-1 trading plan, Stock Ownership and Holding Requirements, hardship exception, weighted average sales price

4 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2025"

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.

Stock Ownership and Holding Requirements financial

"Shares sold represent a portion of holdings in excess of Covista's Stock Ownership and Holding Requirements"

hardship exception regulatory

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

weighted average sales price financial

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

Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Beard, Stephen W.

(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)
	Chairman & CEO

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)(2)(3)	05/08/2026		S		15,874	D	$131.2529(4)	429,324	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 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 $130.00 to $132.67. 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. Beard	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)

FAQ

What did Covista (CVSA) CEO Stephen W. Beard report in this Form 4?

Stephen W. Beard reported selling 15,874 shares of Covista common stock. The open-market sale occurred on May 8, 2026 at a weighted average price of $131.2529 per share, leaving him with 429,324 shares held directly after the transaction.

Was the Covista (CVSA) CEO’s May 8, 2026 stock sale discretionary?

The sale was not discretionary under company policy. It was executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on December 10, 2025, which governs insider sales and requires trades to follow pre-scheduled instructions absent a hardship exception.

How many Covista (CVSA) shares does the CEO hold after this Form 4 transaction?

After selling 15,874 Covista common shares, Stephen W. Beard directly holds 429,324 shares. Footnotes explain that the shares sold represented a portion of his holdings above Covista’s Stock Ownership and Holding Requirements and were sold in pre-scheduled increments.

At what prices were the Covista (CVSA) CEO’s shares sold on May 8, 2026?

The transaction was executed in multiple trades between $130.00 and $132.67 per share. The Form 4 reports a weighted average sales price of $131.2529 per share and notes that detailed trade information is available upon request to regulators or shareholders.

What is a Rule 10b5-1 trading plan in the context of Covista (CVSA)?

A Rule 10b5-1 trading plan is a pre-arranged program for insider stock trades. Covista’s CEO adopted such a plan on December 10, 2025, and footnotes state that company policy requires insider sales to occur only under these plans, absent a hardship exception.