CVSA CLUSTER SEC Filing Analysis

Latest settled — T+20d

CVSA ▼ -5.29% at T+20d

NEUTRAL call ✗ call lost -5.29% · α vs SPY -5.32% · entry $133.73 → $126.65

Next anchor: T+60d in 7w

Last close $128.40 (close Jun 12) · -3.99% from $133.73 entry

Entry anchored
May 7, 03:59 PM ET
via Databento tick

T+1d

-2.62%

call -2.62% · α -2.85%

$130.23

settled 5w ago

T+5d

-5.40%

call -5.40% · α -6.86%

$126.51

settled 5w ago

T+20d

-5.29%

call -5.29% · α -5.32%

$126.65

settled 10d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Four top executives at Covista (CVSA) sold a total of $4.82M in shares on May 8, 2026, one day after the company reported strong Q3 FY2026 results and raised full-year guidance. The selling is modest relative to market cap (~0.11%) and may represent routine profit-taking following the positive earnings release.

Key Financial Metrics

Direction

selling

Total Value

$4.8M

Insiders

4

Actionable Insight

The insider selling is not alarming given the size and positive earnings context, but continued selling by multiple C-suite executives warrants monitoring. Watch for any subsequent SEC filings or changes in guidance that could explain the selling.

Key Facts

CEO Stephen Beard sold 15,874 shares for $2.08M, CFO Robert Phelan sold 10,000 shares for $1.26M, SVP/GC Douglas Beck sold 9,615 shares for $1.22M, and Chamberlain President Karen Sue Cox sold 2,000 shares for $249K.
Total insider sales of $4.82M represent approximately 0.11% of Covista's $4.4B market cap.
The cluster occurred one day after Covista reported Q3 FY2026 revenue of $487M (up 4.5% YoY), raised FY2026 revenue guidance to $1,930M-$1,945M, and raised adjusted EPS guidance to $7.95-$8.15.
No open-market purchases were made by insiders in this window.

Financial Impact

$4.82M in insider sales, modest relative to market cap

insider ownershipliquidity

Risk Factors

Insider selling may signal management's view of near-term fair value, though the amount is small.
Potential for follow-up sales that could increase selling pressure.

Market Snapshot

Exchange

NYSE

Sector

Services-Educational Services

Analyst Consensus

90% bullish (10 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-CVSA-1778619411478

3 reports for CVSA

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for CVSA — sortable, filterable
	Type				Now
May 8, 2026 5w ago	Insider Cluster NEUTRAL ★ 4/10	$133.73 $126.65	▼ −5.29%	▼ −5.32%	$128.40 (−3.99%)
Apr 9, 2026 9w ago	8-K BULLISH ★ 6/10	$114.26 $115.31	▲ +0.92%	▼ −6.65%	$128.40 (+12.38%)
Feb 24, 2026 15w ago	8-K BULLISH ★ 7/10	$96.07 $115.98	▲ +20.72%	▲ +25.96%	$128.40 (+33.65%)

US Market Status

Market Closed — Opens in 3h 51m

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