Covista (CVSA) Lead Director Michael Malafronte Gifts 2,500 Shares

What Happened
Michael W. Malafronte, a director and the lead independent director of Covista Inc. (CVSA), disposed of 2,500 shares on August 31, 2026 as a gift. The Form 4 reports the shares were transferred at $0.00 per share (transaction code G), so no cash proceeds were received.

Key Details

• Transaction date: 2026-08-31; Price reported: $0.00 per share (gift).
• Shares transferred: 2,500; Reported cash proceeds: $0.
• Shares owned after the transaction: not disclosed in this filing.
• Footnote: The filing states the gift was made to a 501(c)(3) educational charitable institution (F1).
• Filing: Reported on accession 0000730464-26-000053 and filed 2026-09-01 — timely under Form 4 rules.

Context
Gifts (transaction code G) are transfers for charitable, personal, or estate-planning reasons and do not necessarily reflect the insider’s view of the company’s prospects. They result in disposition of shares but not a market sale, and no proceeds are received by the insider in this transaction.