BECK DOUGLAS G. 4
4 · Covista Inc. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Covista (CVSA) SVP Douglas G. Beck Sells 9,615 Shares
What Happened
Douglas G. Beck, Senior Vice President, General Counsel, Corporate Secretary & ISS at Covista, reported the sale of 9,615 shares on 2026-05-08. The weighted average sale price was $127.03, for total proceeds of approximately $1,221,381. The transactions were executed as sales (dispositions), not purchases.
Key Details
- Transaction date: 2026-05-08; Form 4 filed: 2026-05-12 (filed within two business days).
- Price(s): weighted average $127.03; individual trades ranged from $125.00 to $128.20 (executed in multiple trades).
- Shares sold: 9,615; total reported proceeds ≈ $1,221,381.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: sale effected under a Rule 10b5-1 trading plan adopted Dec 11, 2025 (pre-scheduled increments); shares sold represented holdings in excess of Covista’s Stock Ownership and Holding Requirements; Covista policy prohibits discretionary insider trades absent a hardship exception. The reporting person will provide trade-level details upon request per the filing.
Context
This was a routine insider sale executed under a pre-established 10b5-1 plan (pre-scheduled trades), which generally suggests the trades were planned in advance rather than timed based on material nonpublic information. Sales reduce insider holdings but, by themselves, are not a clear signal about company performance.
Insider Transaction Report
Form 4
Covista Inc.CVSA
BECK DOUGLAS G.
SVP, GC, Corp. Sec & ISS
Transactions
- Sale
Common Stock
[F1][F2][F3][F4]2026-05-08$127.03/sh−9,615$1,221,381→ 38,159 total
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 $125.00 to $128.20. 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. Beck|2026-05-12