Sagartz John E 4
Research Summary
AI-generated summary
Inotiv (NOTVQ) CSO John E. Sagartz Disposes 729,626 Shares
What Happened
- John E. Sagartz, Chief Strategy Officer and a director of Inotiv, reported a disposition of 729,626 common shares on July 19, 2026. The shares were recorded at $0.00 per share, with total proceeds of $0.00 — reflecting cancellation rather than a market sale.
Key Details
- Transaction date: 2026-07-19; Report filed: 2026-07-20 (timely).
- Transaction type/code: "Other acquisition or disposition" (code J) — reported as a disposal at $0.00.
- Shares affected: 729,626 common shares canceled; outstanding common shares of Inotiv were canceled for no consideration on the Plan effective date.
- Shares owned after transaction: the filing reflects cancellation under the reorganization; outstanding common equity was canceled (effectively reducing common holdings to zero).
- Footnote: The Amended Joint Prepackaged Chapter 11 Plan was confirmed July 14, 2026 and became effective July 19, 2026; under the Plan all outstanding common shares and other equity interests were canceled for no consideration.
Context
- This was not an open-market sale or a purchase; the reported "disposition" reflects the equity cancellation that occurs under a bankruptcy reorganization, so there were no sale proceeds and it does not signal a typical insider sell or buy decision.