Covista Inc. (CVSA) SVP Douglas Beck sells 4,526 shares via Rule 10b5-1 plan
Rhea-AI Filing Summary
Covista Inc. executive Douglas G. Beck (SVP, General Counsel, Corporate Secretary & ISS) reported a sale of 4,526 shares of Covista common stock on August 7, 2026 at a weighted average price of $135.81 per share. After this transaction, he directly holds 28,544 shares. The sale was executed under a Rule 10b5-1 trading plan adopted on December 11, 2025, with trades carried out in pre-scheduled increments and prices ranging from $135.00 to $136.785 per share. Footnotes state that Covista policy does not permit discretionary trades by the reporting person, and all sales must occur pursuant to a pre-established Rule 10b5-1 plan absent a hardship exception.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 4,526 shares
Net Sell
1 txn
Insider
BECK DOUGLAS G.
Role
SVP, GC, Corp. Sec & ISS
Sold
4,526 shs ($615K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3, F4 | 4,526 | $135.81 | $615K |
Holdings After Transaction:
Common Stock — 28,544 shares (Direct)
Footnotes (4)
- 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 $136.785. 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: 4,526 shares
Weighted average sale price: $135.81 per share
Post-transaction holdings: 28,544 shares
+2 more
5 metrics
Shares sold
4,526 shares
Common stock sale reported for August 7, 2026
Weighted average sale price
$135.81 per share
Common stock sale on August 7, 2026
Post-transaction holdings
28,544 shares
Directly owned by Douglas G. Beck after the sale
Trade price range
$135.00–$136.785 per share
Range of prices for multiple trades comprising the reported sale
10b5-1 plan adoption date
December 11, 2025
Date Beck adopted the Rule 10b5-1 trading plan used for this sale
Key Terms
Rule 10b5-1 trading plan, weighted average sales price, Stock Ownership and Holding Requirements, hardship exception
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted"
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."
Stock Ownership and Holding Requirements regulatory
"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 plan absent a hardship exception"
FAQ
What insider transaction did Covista Inc. (CVSA) report for Douglas G. Beck?
Covista Inc. reported that Douglas G. Beck sold 4,526 shares of common stock on August 7, 2026. The shares were sold at a weighted average price of $135.81 per share under a pre-established Rule 10b5-1 trading plan.
Was the Covista Inc. (CVSA) insider sale by Douglas G. Beck discretionary?
No. Footnotes state the sale was effected under a Rule 10b5-1 trading plan adopted on December 11, 2025, and that Covista policy does not permit discretionary trades by the reporting person absent a hardship exception.
AI-generated analysis. How Rhea-AI works. Not financial advice.