Covista Chairman and CEO Stephen W. Beard sold 5,291 shares of the company in open-market transactions on June 10 and June 11, 2026, according to a SEC Form 4 filing. The sale, valued at approximately $690,000 based on a weighted average price of $130.45, reduced his direct holdings by 1.23% to 424,033 shares, maintaining a direct beneficial ownership stake of 1.25%. The filing indicates the sale was executed under a trading plan established in December 2025 and represents a portion of holdings exceeding the company's stock ownership requirements. Covista, which serves over 10,000 students in healthcare and online education, reported trailing-twelve-month revenue of $1.91 billion and net income of $234.06 million.
Covista Inc.CEO sold shares near 8-month high, reducing holdings, which may signal insider bearishness.