Castetter Andrea 4
Research Summary
AI-generated summary
Inotiv (NOTVQ) EVP Andrea Castetter Disposes 49,200 Shares (Canceled)
What Happened
Andrea Castetter, EVP, General Counsel, Secretary & CCO of Inotiv, reported an "other disposition" of 49,200 common shares on 2026-07-19. The transaction is recorded at $0.00 per share (total value $0) because the shares were canceled pursuant to Inotiv’s confirmed Chapter 11 plan that became effective on July 19, 2026.
Key Details
- Transaction date: 2026-07-19; filing date (Form 4): 2026-07-20.
- Transaction type/code: Other disposition (J). Price: $0.00; shares disposed: 49,200; total reported value: $0.
- Shares owned after transaction: common shares were canceled under the Plan (no remaining common equity of Inotiv).
- Footnote: The Amended Joint Prepackaged Chapter 11 Plan was confirmed 7/14/2026 and became effective 7/19/2026; all outstanding common shares and equity interests were canceled for no consideration (see F1).
- Timeliness: Filing was submitted the day after the effective date; no late filing indicator shown.
Context
This was not an open-market sale or purchase by the insider — it reflects the corporate reorganization under Chapter 11 where common equity was canceled as part of the confirmed plan. Such cancellations do not convey insider sentiment about future performance in the ordinary sense; they reflect bankruptcy restructuring outcomes.