Covista Inc. (CVSA) CFO sells 5,314 shares in Rule 10b5-1 plan

Rhea-AI Filing Summary

Covista Inc.’s Chief Financial Officer, Robert J. Phelan, reported open-market sales of 5,314 shares of common stock at weighted average prices around $135 per share over two days. The sales were made under a pre-established Rule 10b5-1 trading plan adopted in December 2025 and executed in pre-scheduled increments. After these transactions, he continues to hold over 50,000 shares directly, consistent with Covista’s stock ownership and holding requirements and a policy that allows no discretionary insider sales.

Insider Trade Summary 10b5-1

Net Seller: 5,314 shares ($719,499)

Net Sell 2 txns

Insider Phelan Robert J.

Role Chief Financial Officer

Sold 5,314 shs ($719K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,414	$135.386	$327K
Sale	Common Stock	2,900	$135.406	$393K

Holdings After Transaction: Common Stock — 50,492 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 12, 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 $135.00 to $135.59. 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. This transaction was executed in multiple trades at prices ranging from $135.00 to $135.71. 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: 5,314 shares Shares sold on 2026-07-08: 2,414 shares Shares sold on 2026-07-07: 2,900 shares +3 more

6 metrics

Total shares sold 5,314 shares Open-market sales reported in this Form 4

Shares sold on 2026-07-08 2,414 shares Common stock sale at weighted average $135.386

Shares sold on 2026-07-07 2,900 shares Common stock sale at weighted average $135.406

Holding after 2026-07-08 50,492 shares Direct ownership of Covista common stock

Price range 2026-07-08 trades $135.00–$135.59 Multiple trades aggregated into weighted average price

Price range 2026-07-07 trades $135.00–$135.71 Multiple trades aggregated into weighted average price

Key Terms

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

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"

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"

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Available on EDGAR 07/09/2026 - 05:00 PM Accepted by SEC EDGAR 07/09/2026 - 05:00 PM Learn about SEC filing dates

FAQ

What insider transaction did Covista (CVSA) disclose in this Form 4?

Covista disclosed that CFO Robert J. Phelan sold 5,314 shares of common stock in open-market transactions. These trades were executed over two days under a pre-established Rule 10b5-1 trading plan and reported as routine insider activity.

At what prices did the Covista (CVSA) CFO sell his shares?

The CFO’s sales were executed at weighted average prices of about $135.39 and $135.41 per share. Individual trades occurred in ranges from $135.00 up to about $135.71, with detailed breakdowns available upon request to the company or regulators.

How many Covista (CVSA) shares does the CFO hold after these sales?

After the reported transactions, CFO Robert J. Phelan directly holds 50,492 shares of Covista common stock. The company notes that shares sold represented only holdings above its Stock Ownership and Holding Requirements for executives.

Were the Covista (CVSA) CFO’s stock sales discretionary?

The sales were not discretionary. Covista states that, under company policy, insider sales must occur only under a pre-established Rule 10b5-1 trading plan, absent a hardship exception. No discretionary trades by the reporting person are permitted.

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

Covista explains that the CFO’s trades were made under a Rule 10b5-1 trading plan adopted in December 2025. Such plans pre-schedule trades, helping separate normal portfolio management from timing decisions based on potential nonpublic information.

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)
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)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	07/07/2026		S(2)		2,900(3)	D	$135.406(4)	52,906	D
Common Stock(1)	07/08/2026		S(2)		2,414(3)	D	$135.386(5)	50,492	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 $135.59. 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 $135.71. 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	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)