Leasure Robert Jr. 4
4 · Inotiv, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Inotiv (NOTV) CEO Robert Leasure Sells 16,810 Shares
What Happened Robert Leasure Jr., President & CEO and director of Inotiv, Inc. (NOTV), had 16,810 shares of common stock sold on February 17, 2026. The shares were disposed of in multiple transactions at prices ranging $0.29–$0.30 (weighted average ≈ $0.295), for total proceeds of approximately $4,964. The sale was executed to satisfy tax-withholding obligations upon the vesting and settlement of restricted stock units.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears timely — within the 2 business‑day window).
- Type: Sale (S) — open market or otherwise; multiple trades with prices $0.29–$0.30; weighted average price reported.
- Shares sold: 16,810; proceeds ≈ $4,964.
- Reason/footnotes: Sale was automatic to satisfy tax withholding on vested RSUs and was made pursuant to a Rule 10b5‑1 instruction entered between Sept 11, 2024 and Oct 9, 2024 (F1, F2).
- Ownership disclosure: Filing notes shares held by an entity for which Mr. Leasure is the majority security holder and disclaims ownership except for pecuniary interest (F3).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
Context This was a routine tax‑withholding sale tied to RSU vesting (not an opportunistic open‑market trade). Tax‑withholding sales under 10b5‑1 instructions are common and generally indicate administrative disposition rather than a signal about the insider’s market view.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-17$0.30/sh−16,810$4,964→ 1,256,215 total
- 105,000(indirect: See Footnote)
Common Stock
[F3]
Footnotes (3)
- [F1]Represents shares automatically sold by the Company on behalf of the reporting person to satisfy tax withholding obligations upon the vesting and settlement of restricted stock units, which sale was made pursuant to a Rule 10b5-1 instruction entered into by the reporting person during the period from September 11, 2024 to October 9, 2024.
- [F2]Reflects the weighed average price of 16,810 shares of common stock of Inotiv, Inc. sold by the reporting person in multiple transactions on February 17, 2026 with sales prices ranging from $0.29 to $0.30 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]These shares are held by an entity for which the reporting person is the majority security holder. Except to the extent of his pecuniary interest therein, the reporting person disclaims ownership of these shares.