Hardy Adrian 4

What Happened
Adrian Hardy, Chief Commercial Officer of Inotiv, reported a disposition of 53,049 common shares on 2026-07-19. The Form 4 lists the transaction as an "other acquisition or disposition" (code J) at $0.00 per share, with total proceeds $0 — these shares were canceled under the company’s Chapter 11 reorganization plan rather than sold on the market.

Key Details

• Transaction date: 2026-07-19; reported on Form 4 filed 2026-07-20.
• Transaction type/code: Other disposition (J); 53,049 shares disposed at $0.00 per share (no cash proceeds).
• Shares owned after transaction: Per the plan’s effective date, all outstanding common shares were canceled for no consideration, so the canceled shares ceased to exist.
• Footnote: The company’s Amended Joint Prepackaged Chapter 11 Plan was confirmed 7/14/2026 and became effective 7/19/2026; on the effective date all outstanding common shares and other equity interests of Inotiv were canceled for no consideration.
• Filing timeliness: The Form 4 was filed one day after the effective date (no late-filing flag on the report).

Context
This was a corporate-action disposition tied to Inotiv’s Chapter 11 reorganization and equity cancellation, not an open-market sale or insider cashing out. Such cancellations are part of restructuring and do not by themselves indicate the insider’s view of the company’s future performance.