Inotiv, Inc.·4

Jul 20, 4:31 PM ET

Harrington Michael J 4

Research Summary

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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.