Covista (CVSA) CFO Robert Phelan sells 2,186 shares via 10b5-1 trading plan

Rhea-AI Filing Summary

Covista Inc. Chief Financial Officer Robert J. Phelan reported the sale of 2,186 shares of common stock on 2026-08-07 at a weighted average price of $135.15 per share, executed under a pre-established Rule 10b5-1 trading plan. Following this transaction, he directly holds 48,306 shares of Covista common stock.

Insider Trade Summary 10b5-1

Net Seller: 2,186 shares

Net Sell 1 txn

Insider Phelan Robert J.

Role Chief Financial Officer

Sold 2,186 shs ($295K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2, F3, F4	2,186	$135.15	$295K

Holdings After Transaction: Common Stock — 48,306 shares (Direct)

Footnotes (4)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2025 in accordance with Covista's Insider Sales and Ownership Policy Addendum.
2. F2. 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. F3. 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. F4. This transaction was executed in multiple trades at prices ranging from $135.00 to $136.34. 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: 2,186 shares Weighted average sale price: $135.15 per share Post-transaction holdings: 48,306 shares +2 more

5 metrics

Shares sold 2,186 shares Common stock sale by CFO on 2026-08-07

Weighted average sale price $135.15 per share Common stock sale executed in multiple trades

Post-transaction holdings 48,306 shares Directly held common stock after reported sale

Price range of trades $135.00 to $136.34 Range of prices for multiple trades in the transaction

10b5-1 plan adoption date December 12, 2025 Date CFO adopted Rule 10b5-1 trading plan

Key Terms

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

3 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 trading plan"

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

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

weighted average sales price financial

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

FAQ

What did Covista (CVSA) CFO Robert Phelan report in this Form 4?

Robert J. Phelan reported a sale of 2,186 shares of Covista common stock on 2026-08-07 at a weighted average price of $135.15 per share, leaving him with 48,306 shares directly held.

At what price did the Covista (CVSA) CFO’s shares trade in this transaction?

The reported weighted average sales price was $135.15 per share. The transaction was executed in multiple trades at prices ranging from $135.00 to $136.34, according to the filing footnotes.

How many Covista (CVSA) shares does the CFO hold after this reported sale?

After the reported transaction, Chief Financial Officer Robert J. Phelan directly holds 48,306 shares of Covista common stock. This figure reflects his post-transaction direct ownership reported in the Form 4.

Was the Covista (CVSA) CFO’s stock sale discretionary or under a trading plan?

The sale was executed under a Rule 10b5-1 trading plan adopted on December 12, 2025. Company policy states no discretionary trades are permitted; sales must occur under such pre-established plans absent a hardship exception.

Why did the Covista (CVSA) CFO sell 2,186 shares according to the filing?

Footnotes state the 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 Rule 10b5-1 trading plan.

What trading policy does Covista (CVSA) apply to insider stock sales?

Covista policy allows no discretionary trades by the reporting person. All sales must occur pursuant to a pre-established Rule 10b5-1 trading plan, except where a hardship exception applies, according to the disclosed footnotes.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/11/2026 - 04:20 PM Accepted by SEC EDGAR 08/11/2026 - 04:19 PM Learn about SEC filing dates

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^*

Phelan Robert J.

(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)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026

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)	08/07/2026		S(2)		2,186(3)	D	$135.15(4)	48,306	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 12, 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 $135.00 to $136.34. 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. Phelan	08/11/2026
	** 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)