Manjunath Gangadharan, VP and Chief Accounting Officer of Covista Inc. (NASDAQ:CVSA), filed a Form 4 on August 28, 2026, disclosing the sale of 1,802 shares of common stock on August 27, 2026.

Key Highlights

  • Shares sold: 1,802 shares of Covista Inc. common stock disposed of on August 27, 2026.
  • Sale price: $137.18 per share, as reported in the filing.
  • Remaining ownership: 5,083 shares of common stock held directly following the transaction.
  • Trading plan: The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025.
  • Plan context: According to the filing, sold shares "represent a portion of holdings in excess of Covista's Stock Ownership and Holding Requirements" and were executed in pre-scheduled increments.
  • No discretionary trades: The filing states that no discretionary trades by the reporting person are permitted under Covista policy absent a hardship exception.

Gangadharan Sells Covista Shares Under Pre-Scheduled Rule 10b5-1 Plan

According to the Form 4 filed with the SEC on August 28, 2026, Manjunath Gangadharan, VP and Chief Accounting Officer of Covista Inc. (NASDAQ:CVSA), sold 1,802 shares of Covista common stock on August 27, 2026, at a price of $137.18 per share. The transaction was coded as a sale (S) and recorded as a disposition (D) of directly held shares. Following the transaction, the reporting person directly holds 5,083 shares.

The filing discloses that the sale was effected pursuant to a Rule 10b5-1 trading plan that Gangadharan adopted on December 15, 2025, in accordance with Covista's Insider Sales and Ownership Policy Addendum. The filing further states that the shares sold "represent a portion of holdings in excess of Covista's Stock Ownership and Holding Requirements" and were executed in pre-scheduled increments under that trading plan. The form was signed by Lawrence C. Bachman as attorney-in-fact for Gangadharan on August 28, 2026.

No derivative securities transactions were reported in Table II of the filing. The filing also notes that under Covista policy, all sales by the reporting person must occur pursuant to a pre-established Rule 10b5-1 trading plan, with no discretionary trades permitted absent a hardship exception.

What Was Disclosed

Covista Inc.'s VP and Chief Accounting Officer reported a sale of 1,802 common shares at $137.18 each on August 27, 2026, under a pre-established Rule 10b5-1 plan, leaving a direct beneficial ownership of 5,083 shares.