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Covista Inc. (CVSA) CEO pre-planned sale of 3,545 shares at $130.345

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Covista Inc.’s Chairman & CEO Stephen W. Beard reported a sale of 3,545 shares of Common Stock on August 11, 2026 at a weighted average price of $130.345 per share, executed in multiple trades between $130.005 and $131.343. The sale was carried out under a pre-established Rule 10b5-1 trading plan adopted on December 10, 2025 pursuant to Covista’s insider trading policies, which state that no discretionary trades are permitted absent a hardship exception. Following this transaction, Beard held 415,197 shares directly.

Positive

  • None.

Negative

  • None.
Insider Beard, Stephen W.
Role Chairman & CEO
Sold 3,545 shs ($462K)
Type Security Shares Price Value
Sale Common Stock F1, F2, F3, F4 3,545 $130.345 $462K
Holdings After Transaction: Common Stock — 415,197 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 10, 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 $130.005 to $131.343. 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.
Shares sold 3,545 shares Common Stock sold by Stephen W. Beard on August 11, 2026
Weighted average sale price $130.345 per share Weighted average price for the 3,545 shares sold
Sale price range $130.005–$131.343 per share Prices of multiple trades comprising the reported transaction
Shares held after sale 415,197 shares Direct holdings of Stephen W. Beard following the transaction
Trading plan adoption date December 10, 2025 Adoption date of the Rule 10b5-1 trading plan used for the sale
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.
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"

FAQ

What insider transaction did Covista Inc. (CVSA) report for Stephen W. Beard?
Covista reported that Chairman & CEO Stephen W. Beard sold 3,545 shares of Common Stock on August 11, 2026 at a weighted average price of $130.345 per share, executed in multiple trades within a specified price range.

Was the Covista (CVSA) CEO’s August 11, 2026 share sale discretionary?
The sale was not discretionary; it was executed under a Rule 10b5-1 trading plan adopted on December 10, 2025. Covista’s policy states that all sales must occur under such a plan absent a hardship exception.

How many Covista (CVSA) shares does CEO Stephen W. Beard hold after this sale?
After the August 11, 2026 transaction, Stephen W. Beard held 415,197 shares of Covista Common Stock directly. This figure reflects his position following the reported sale of 3,545 shares under the trading plan.

What price range applied to the Covista (CVSA) CEO’s August 11, 2026 stock sale?
The shares were sold in multiple trades at prices ranging from $130.005 to $131.343 per share. The $130.345 price disclosed is the weighted average sales price across all these trades.

What does Covista’s (CVSA) insider policy say about trading by executives?
Covista’s policy states that no discretionary trades by the reporting person are permitted. All sales must occur under a pre-established Rule 10b5-1 trading plan, unless a hardship exception applies under the policy.

Why were shares sold by the Covista (CVSA) CEO under the trading plan?
The filing states that the shares sold represent a portion of holdings in excess of Covista’s Stock Ownership and Holding Requirements. These sales were executed in pre-scheduled increments under the Rule 10b5-1 plan.

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

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chairman & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock(1)08/11/2026S(2)3,545(3)D$130.345(4)415,197D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $130.005 to $131.343. 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. Beard08/13/2026
** Signature of Reporting PersonDate
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