Covista (CVSA) VP/CAO Gangadharan Receives Awarded Shares

What Happened Gangadharan Manjunath, Vice President and Chief Accounting Officer of Covista Inc. (CVSA), received awards of company stock on August 23, 2026 and had a portion withheld to satisfy tax obligations. He was issued 1,050 shares and 1,500 shares (total 2,550 shares) at $132.35 per share (total value ≈ $337,493). To cover tax withholding upon vesting, 188, 308 and 440 shares (total 936 shares) were surrendered at the same per-share value (total ≈ $123,880). These transactions reflect issuance/vesting of awards (not open-market purchases or sales).

Key Details

• Transaction date: August 23, 2026; Form 4 filed August 25, 2026 (timely).
• Prices: all transactions reported at $132.35 per share.
• Acquisitions: 1,050 shares (≈ $138,968) and 1,500 shares (≈ $198,525) — total 2,550 shares (≈ $337,493).
• Withheld for taxes (dispositions): 188, 308, and 440 shares — total 936 shares (≈ $123,880).
• Net change from these entries: +1,614 shares retained (2,550 acquired − 936 withheld).
• Footnotes: awards include payout of performance share units awarded Nov 8, 2023 (F2); F1/F3 note these dispositions represent satisfaction of tax withholding upon vesting.
• Shares owned after the reported transactions are not stated in the filing.

Context These entries are compensation-related (awards and tax withholding) rather than open-market buys or sales; tax-withholding dispositions are routine and do not necessarily indicate buying/selling intent. The Form 4 shows issuance/payout of performance/restricted shares (cashless in the sense that shares were surrendered to cover taxes), not an investment purchase or a public sale.