NOTV insider files Form 144 to sell 6,000 shares via Charles Schwab
Rhea-AI Filing Summary
Inotiv, Inc. (NOTV) Form 144 reports a proposed sale of 6,000 common shares through The Charles Schwab Corporation with an aggregate market value of $10,000. The filing lists 34,354,251 shares outstanding and an approximate sale date of 09/02/2025. The shares were acquired as restricted stock that vested on 04/01/2023. The filing also discloses prior sales by the same person of 2,000 shares on 07/01/2025 (gross proceeds $3,620) and 2,000 shares on 08/01/2025 (gross proceeds $3,818). The signer represents they have no undisclosed material nonpublic information.
Positive
- Filing provides full Rule 144 disclosures including acquisition date, nature of acquisition, broker, and aggregate market value
- Shares originated from restricted stock vesting, clarifying the acquisition was compensation-related
Negative
- Insider conducted prior sales of 2,000 shares on 07/01/2025 and 2,000 shares on 08/01/2025 (gross proceeds $3,620 and $3,818 respectively)
Insights
TL;DR: Routine Rule 144 notice showing a small insider sale and required certification of no undisclosed material information.
The Form 144 appears to be a standard Rule 144 notice documenting a proposed sale of 6,000 common shares via Charles Schwab and the vesting origin of those shares. It includes recent disposition activity (4,000 shares sold across July and August 2025) and the required representation about material nonpublic information. From a compliance standpoint, the filing provides the key elements regulators and broker-dealers need to process the sale: acquisition date, nature of acquisition, seller identity, broker information, and aggregate market value.
TL;DR: Insider sales disclosed are immaterial to overall share count and unlikely to affect company valuation materially.
The proposed 6,000-share sale versus 34,354,251 shares outstanding represents an immaterial portion of the register (~0.017%). The filing states the shares resulted from restricted stock vesting on 04/01/2023, indicating compensation-related origin rather than transfer from an external party. Recent small sales in July and August 2025 are noted with gross proceeds, allowing analysts to track insider liquidity but not indicating a significant change in insider stake or control.