Landman David 4
Research Summary
AI-generated summary
Inotiv (NOTVQ) Director David Landman: 216,243 Shares Canceled
What Happened
David Landman, a director of Inotiv, Inc., recorded a disposition of 216,243 common shares on July 19, 2026. The reported price per share was $0.00 and total proceeds $0. This was not an open-market sale but a corporate-action disposition: pursuant to Inotiv’s confirmed Chapter 11 plan, all outstanding common shares were canceled for no consideration on the plan’s effective date.
Key Details
- Transaction date: 2026-07-19 (reported on Form 4 filed 2026-07-20). Filing appears timely.
- Transaction type: "Other acquisition or disposition (J)" — 216,243 shares disposed at $0.00; total value $0.
- Shares owned after transaction: 0 (all outstanding common shares were canceled under the confirmed plan).
- Footnote: The Amended Joint Prepackaged Chapter 11 Plan was confirmed July 14, 2026, and became effective July 19, 2026; on that effective date all common shares and other equity interests were canceled for no consideration.
Context
This disposition reflects a bankruptcy reorganization outcome (equity cancellation) rather than an insider-initiated sale or purchase. Dispositions showing $0 generally indicate cancellation or similar corporate actions and do not reflect trading sentiment or personal liquidity events by the insider.