4Filed Aug 10, 8:00 PM ET

Covista (CVSA) SVP & GC Douglas Beck Sells 4,526 Shares

$CVSA · Covista Inc.

Research Summary

AI-generated summary of this SEC filing

Updated

Covista (CVSA) SVP & GC Douglas Beck Sells 4,526 Shares

What Happened
Douglas G. Beck, Covista’s Senior Vice President and General Counsel, sold 4,526 shares on August 7, 2026 in an open‑market transaction for a weighted average price of $135.81, totaling approximately $614,676. The sale was executed in multiple trades at prices ranging from $135.00 to $136.785.

Key Details

  • Transaction date: 2026-08-07; Form 4 filed: 2026-08-11 (filed within the typical two-business-day Form 4 deadline for an Aug 7 trade).
  • Shares sold: 4,526; weighted average price: $135.81; gross proceeds ≈ $614,676.
  • Shares owned after transaction: Not disclosed in the provided filing.
  • Footnotes: Sale was made under a Rule 10b5‑1 trading plan adopted Dec 11, 2025 (pre‑scheduled increments) to reduce holdings in excess of Covista’s Stock Ownership and Holding Requirements; no discretionary trades permitted by company policy. The reporting person can provide detailed trade-by-trade prices/quantities upon request.
  • The filing indicates the transaction was not a gift, option exercise or award—it's a straightforward sale.

Context
Insider sales executed under a pre-established 10b5‑1 plan are generally routine and intended to follow predetermined schedules or ownership rules; they do not necessarily signal the insider’s current view on company prospects.