Gangadharan Manjunath 4

What Happened

• Gangadharan Manjunath, Vice President and Chief Accounting Officer of Covista Inc. (CVSA), had 426 shares disposed on May 18, 2026 to satisfy tax-withholding obligations tied to the vesting of previously awarded restricted stock units. The shares were recorded at $127.85 per share, totaling about $54,464. This was a withholding sale to cover taxes (routine), not an open-market cash sale for investment purposes.

Key Details

• Transaction date: 2026-05-18; filing date: 2026-05-20 (timely Form 4 filing).
• Shares disposed: 426 at $127.85; gross value ≈ $54,464.
• Transaction code: F (tax withholding upon vesting of RSUs).
• Footnote: F1 — represents satisfaction of tax withholding obligations upon vesting of previously awarded restricted stock units.
• Shares owned after transaction: not specified in the provided filing.

Context

• This was a tax-withholding disposition (common when RSUs vest) rather than a directional buy or sell expressing a view on the stock. Such transactions are routine and are used to cover payroll taxes and withholding associated with equity awards.