Beard, Stephen W. 4

4 · Covista Inc. · Filed May 12, 2026

AI-generated summary of this filing

Updated May 12, 2026

Covista (CVSA) CEO Stephen W. Beard Sells 15,874 Shares

What Happened

Stephen W. Beard, Covista's Chairman & CEO, sold 15,874 shares on May 8, 2026 in an open-market/plan sale for total net proceeds of $2,083,509. The filing reports a weighted-average sale price of $131.25 per share (individual trades ranged $130.00–$132.67). This was a sale (not a purchase), which is often routine and driven by pre-set plans or holding-rule compliance rather than a directional signal.

Key Details

Transaction date: May 8, 2026 (filed with the SEC on May 12, 2026; filing appears timely)
Shares sold: 15,874; weighted-average price: $131.25; trade price range: $130.00–$132.67
Reported proceeds: $2,083,509
Shares owned after transaction: Not specified in the provided filing excerpt
Notable footnotes:
- Transaction executed under a Rule 10b5-1 trading plan adopted Dec 10, 2025 (pre-scheduled increments).
- Sales represent a portion of holdings exceeding Covista’s Stock Ownership and Holding Requirements.
- No discretionary trading permitted under company policy; sales must follow a pre-established plan absent hardship.
- Multiple trades were executed; the filer can provide per-trade share counts and prices on request.

Context

This was a planned sale under a 10b5-1 program — a compliance tool that lets insiders sell predetermined amounts at set times. Such transactions are generally viewed as routine (e.g., to meet diversification, tax, or holding-rule requirements) and not necessarily a direct signal about the CEO’s view of company prospects.

Form 4

Period: 2026-05-08

Chairman & CEO

Transactions

Sale
Common Stock
[F1][F2][F3][F4]
2026-05-08$131.25/sh−15,874$2,083,509→ 429,324 total

Footnotes (4)

[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.
[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 $130.00 to $132.67. 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.

Signature

/s/ Lawrence C. Bachman, attorney-in-fact for Mr. Beard|2026-05-12

1 file