Why did Douglas G. Beck’s Covista (CVSA) share sales occur in multiple trades?

Each reported sale date reflects multiple trades within a price range. The Form 4 explains that transactions on both July 7 and July 8, 2026 were executed in several trades, with the disclosed price representing the weighted average sales price for those trades.

Covista SVP sells 5089 shares under 10b5-1 plan

Covista Inc. senior vice president and general counsel Douglas G. Beck reported two open-market sales of company common stock executed under a pre-established Rule 10b5-1 trading plan.

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Form Type

Rhea-AI Filing Summary

Covista Inc. senior vice president and general counsel Douglas G. Beck reported two open-market sales of company common stock executed under a pre-established Rule 10b5-1 trading plan. He sold 2650 shares on July 7, 2026 at a weighted average price of $135.403 and 2439 shares on July 8, 2026 at a weighted average price of $135.339, for total reported sales of 5089 shares. The company notes that these trades occurred pursuant to a trading plan adopted on December 11, 2025 and represent a portion of holdings above Covista’s Stock Ownership and Holding Requirements. Following the transactions, Beck directly holds 33,070 Covista common shares, and company policy allows no discretionary sales outside such pre-established Rule 10b5-1 plans absent a hardship exception.

Insider Trade Summary 10b5-1

Net Seller: 5,089 shares

Net Sell 2 txns

Insider BECK DOUGLAS G.

Role SVP, GC, Corp. Sec & ISS

Sold 5,089 shs ($689K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,439	$135.339	$330K
Sale	Common Stock	2,650	$135.403	$359K

Holdings After Transaction: Common Stock — 33,070 shares (Direct)

Footnotes (5)

F1. 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.
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.
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.
F4. This transaction was executed in multiple trades at prices ranging from $135.00 to $135.63. 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.
F5. This transaction was executed in multiple trades at prices ranging from $135.00 to $135.56. 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

Total shares sold: 5089 shares Shares sold on July 7, 2026: 2650 shares at $135.403 Shares sold on July 8, 2026: 2439 shares at $135.339 +3 more

6 metrics

Total shares sold 5089 shares Net open-market sales reported in this Form 4

Shares sold on July 7, 2026 2650 shares at $135.403 Open-market sale, weighted average price

Shares sold on July 8, 2026 2439 shares at $135.339 Open-market sale, weighted average price

Post-transaction holdings 33,070 shares Directly held Covista common stock after transactions

Net buy/sell shares -5089 shares Net-sell direction in transaction summary

Trading plan adoption date December 11, 2025 Rule 10b5-1 trading plan for these sales

Key Terms

Rule 10b5-1 trading plan, Stock Ownership and Holding Requirements, Insider Sales and Ownership Policy Addendum, weighted average sales price, +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 on December 11, 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"

Insider Sales and Ownership Policy Addendum regulatory

"in accordance with Covista's Insider Sales and Ownership Policy Addendum"

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"

FAQ

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

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

Covista reported that Douglas G. Beck completed two open-market stock sales. As SVP and general counsel, he sold Covista common shares in early July 2026 under a pre-established Rule 10b5-1 trading plan rather than through discretionary trades.

How many Covista (CVSA) shares did Douglas G. Beck sell and at what prices?

Douglas G. Beck sold a total of 5089 Covista common shares. He sold 2650 shares at a weighted average price of $135.403 on July 7, 2026 and 2439 shares at $135.339 on July 8, 2026, through multiple trade executions each day.

Is the Covista (CVSA) insider sale covered by a Rule 10b5-1 trading plan?

Yes, the reported Covista share sales occurred under a Rule 10b5-1 plan. The filing states Beck adopted the plan on December 11, 2025, and notes that company policy requires sales to follow such pre-established plans, with no discretionary trades allowed absent a hardship exception.

How many Covista (CVSA) shares does Douglas G. Beck hold after these transactions?

After the reported sales, Douglas G. Beck directly holds 33,070 Covista shares. The Form 4 shows this post-transaction balance following the two open-market sales totaling 5089 shares, providing context for his remaining equity stake at the company.

What does Covista’s (CVSA) policy say about discretionary insider stock sales?

Covista’s policy does not permit discretionary insider sales. The footnotes explain that all sales must occur under a pre-established Rule 10b5-1 trading plan, unless a hardship exception applies, which emphasizes structured, pre-planned selling rather than ad hoc trading decisions by insiders.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/09/2026 - 04:59 PM EDT

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)
07/07/2026

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)
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⁾	07/07/2026		S⁽²⁾		2,650⁽³⁾	D	$135.403⁽⁴⁾	35,509	D
Common Stock⁽¹⁾	07/08/2026		S⁽²⁾		2,439⁽³⁾	D	$135.339⁽⁵⁾	33,070	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 $135.00 to $135.63. 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.

5. This transaction was executed in multiple trades at prices ranging from $135.00 to $135.56. 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	07/09/2026
	** 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