Harrington Michael J 4
4 · Inotiv, Inc. · Filed Jul 20, 2026
Research Summary
AI-generated summary of this filing
Inotiv (NOTVQ) Director Michael Harrington Cancels 76,892 Shares
What Happened
Michael J. Harrington, a director of Inotiv, reported a disposition of 76,892 common shares on July 19, 2026. The Form 4 shows the shares disposed at $0.00 (total proceeds $0) under transaction code J (other acquisition or disposition). This was not an open‑market sale — the shares were canceled as part of Inotiv’s Chapter 11 reorganization plan that became effective the same day.
Key Details
- Transaction date: 2026-07-19; Report filed: 2026-07-20 (timely within filing window).
- Transaction: Disposition of 76,892 common shares at $0.00 per share (total $0). Transaction code: J (other acquisition/disposition).
- Shares owned after transaction: 0 common shares (outstanding common shares were canceled under the Plan).
- Footnote: The Amended Joint Prepackaged Chapter 11 Plan was confirmed July 14, 2026, and became effective July 19, 2026; all outstanding common shares and equity interests were canceled for no consideration.
Context
This disposal reflects a corporate restructuring outcome (equity cancellation in bankruptcy), not a voluntary sale by the insider. Cancellations under a confirmed Chapter 11 plan typically eliminate prior common equity holders’ claims; they do not necessarily indicate the insider’s view of the company’s future but reflect the court‑approved reorganization terms.
Insider Transaction Report
- Other
Common Stock
[F1]2026-07-19−76,892→ 0 total
Footnotes (1)
- [F1]The Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Inotiv, Inc. and its Affiliated Debtors (the "Plan") under Chapter 11 of the Bankruptcy Code was confirmed by the United States Bankruptcy Court for the Southern District of Texas, Houston Division, on July 14, 2026, and became effective on July 19, 2026. On the effective date of the Plan, all outstanding common shares and other equity interests of Inotiv, Inc. were canceled for no consideration.