The sale is pre-planned under a 10b5-1 plan adopted nearly 10 months ago, which significantly reduces the likelihood of material non-public information driving the trade. Monitor for any subsequent Form 4 filings to confirm execution and track remaining holdings.
Price Chart
Executive Summary
Director Stephen W. Beard filed a Form 144 notice of intent to sell 4,667 shares of Covista Inc. common stock, valued at approximately $603,816, through a Rule 10b5-1 trading plan adopted on December 10, 2025. The shares were acquired as compensation via restricted stock units on September 8, 2025. This is a pre-planned, non-discretionary sale under a 10b5-1 plan, which reduces the signal value of the insider's intent to sell.
Key Facts
- Filer: Director Stephen W. Beard
- Proposed sale: 4,667 shares of common stock
- Estimated value: $603,816.46
- Shares acquired as compensation via restricted stock units on September 8, 2025
- Sale is part of a Rule 10b5-1 trading plan adopted on December 10, 2025
- Broker: Goldman Sachs & Co. LLC
- Plan covers sales from the Stephen Wayne Beard Trust
Financial Impact
Proposed sale of 4,667 shares valued at ~$603,816, representing a small fraction of the company's market cap.
Risk Factors
- Insider selling, even under a 10b5-1 plan, can signal a lack of conviction if it represents a large portion of the insider's holdings.
- The filing does not disclose the insider's total beneficial ownership, making it impossible to assess proportionality.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001958244-26-000653 |
| Document: 0001958244-26-000653-index.html | 0001958244-26-000653 |
| Document: 0001958244-26-000653.txt | 0001958244-26-000653 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | DEFA14A | $127.24 $131.62 | ▲ +3.44% | ▲ +4.46% | $131.55 (+3.39%) |
Oct 9, 2026 17d ago | 144 | $128.87 $128.58 | ▼ −0.23% | ▲ +1.27% | $131.55 (+2.08%) |
Oct 8, 2026 18d ago | 144 | $129.38 $126.75 | ▼ −2.03% | ▼ −0.07% | $131.55 (+1.68%) |
Oct 2, 2026 24d ago | DEFA14A | $125.39 $128.87 | ▲ +2.78% | ▲ +2.35% | $131.55 (+4.91%) |
Oct 2, 2026 24d ago | DEF 14A | $125.39 $128.87 | ▲ +2.78% | ▲ +2.35% | $131.55 (+4.91%) |
Aug 13, 2026 10w ago | Insider Cluster | $132.01 $132.35 | ▲ +0.26% | ▲ +1.63% | $131.55 (−0.35%) |
Aug 11, 2026 10w ago | Insider Cluster | $128.22 $131.93 | ▲ +2.89% | ▲ +3.34% | $131.55 (+2.60%) |
Jul 28, 2026 12w ago | 8-K | $133.60 $128.91 | ▼ −3.51% | ▼ −9.04% | $131.55 (−1.53%) |
Jul 15, 2026 14w ago | Insider Cluster | $116.22 $115.13 | ▲ +0.94% | ▼ −0.73% | $131.55 (−13.19%) |
Jul 15, 2026 14w ago | Insider Cluster | $116.22 $115.13 | ▼ −0.94% | ▲ +0.73% | $131.55 (+13.19%) |
US Market Status
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