Covista (CVSA) CEO Stephen W. Beard Sells 3,545 Shares

What Happened
Stephen W. Beard, Chairman and CEO of Covista Inc. (CVSA), sold 3,545 shares on August 11, 2026 in an open‑market transaction. The weighted average sale price reported was $130.34 per share, for total proceeds of approximately $462,073. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: August 11, 2026. Filing date: August 13, 2026 (reporting period 2026-08-11); filing appears timely.
• Price(s): weighted average $130.34; actual trade prices ranged from $130.005 to $131.343 across multiple executions.
• Shares sold: 3,545; total proceeds ≈ $462,073.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes of note:
  • Sale was made under a Rule 10b5‑1 trading plan adopted Dec 10, 2025 (pre‑scheduled, non‑discretionary).
  • Trades were executed to reduce holdings that exceeded Covista’s stock ownership/holding requirements and were done in pre‑scheduled increments.
  • The reporting person is not permitted to trade at their discretion under company policy; sales must use a 10b5‑1 plan unless a hardship exception applies.
  • The filer reports a weighted average price but can provide detailed trade-by-trade prices and quantities upon request to the SEC, issuer, or a security holder.

Context
This was a planned sale under a 10b5‑1 plan, which means it was pre‑arranged and not an ad‑hoc decision by the insider. Such sales are commonly used for routine portfolio management or to comply with company ownership rules; they do not, by themselves, indicate management’s view of the company’s prospects.