Bitting Kurt 4

What Happened

• Kurt Bitting, Director and Chief Executive Officer of Ecovyst Inc. (ECVT), exercised options (transaction code M) on March 12, 2026 to acquire 38,064 shares at an exercise price of $3.04 per share, for a reported cash cost of $115,715.
• The same Form 4 lists four additional line items showing disposals of 9,516 shares each (totaling 38,064 shares) at $0.00 per share; the filing records these as disposals following the exercise.

Key Details

• Transaction date: 2026-03-12. Exercise price: $3.04; acquired 38,064 shares; total reported amount paid: $115,715. Disposals: four entries of 9,516 shares at $0.00 each (total 38,064 shares).
• Filing date: 2026-03-16. The Form 4 was filed within the required SEC reporting window (timely).
• Shares owned after the transaction: not specified in the provided report.
• Transaction code: M = exercise or conversion of a derivative (options). The filing does not include an explicit footnote explaining the $0.00 disposals.

Context

• For option exercises, it’s common for some or all of the resulting shares to be withheld or surrendered to cover taxes, exercise costs, or to effect a net settlement; the $0.00 disposal entries here are recorded as disposals but the Form 4 does not state the reason. These $0.00 disposals are not market sales and therefore do not represent open-market selling.
• This report is factual disclosure of insider activity; it does not indicate the insider’s motivations.