Auto tax sale of 113,297 Inotiv (NOTV) shares by CEO Leasure
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Inotiv President and CEO Robert Leasure Jr. had 113,297 shares of common stock automatically sold on February 2, 2026 at a weighted average price of $0.5034 per share to satisfy tax withholding obligations on vested restricted stock units.
Following this sell-to-cover transaction, he directly beneficially owned 1,273,025 common shares. An additional 105,000 shares are held by an entity for which he is the majority security holder, and he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 113,297 shares ($57,034)
Net Sell
2 txns
Insider
Leasure Robert Jr.
Role
President and CEO
Sold
113,297 shs ($57K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 113,297 | $0.5034 | $57K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,273,025 shares (Direct);
Common Stock — 105,000 shares (Indirect, See Footnote)
Footnotes (1)
- Represents shares automatically sold by the Company on behalf of the reporting person pursuant to a non-discretionary sell-to-cover provision in the award agreement to satisfy tax withholding obligations upon the vesting and settlement of restricted stock units held by the reporting person. Reflects the weighted average price of 113,297 shares of common stock of Inotiv, Inc. sold by reporting person in multiple transactions on February 2, 2026 with sales prices ranging from $0.4919 to $0.5322 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. 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 beneficial ownership of these shares.
FAQ
What insider transaction did Inotiv (NOTV) disclose for February 2, 2026?
Inotiv reported that President and CEO Robert Leasure Jr. had 113,297 common shares automatically sold on February 2, 2026. The sale was a non-discretionary sell-to-cover transaction to satisfy tax withholding obligations tied to vesting restricted stock units.
Was the Inotiv (NOTV) CEO’s February 2026 stock sale discretionary?
No, the sale was not discretionary. The 113,297 shares were automatically sold by the company under a non-discretionary sell-to-cover provision, specifically to satisfy tax withholding due on the vesting and settlement of restricted stock units granted to Robert Leasure Jr.
Who is the reporting person in this Inotiv (NOTV) Form 4 filing?
The reporting person is Robert Leasure Jr., who serves as Inotiv’s President, CEO, and a director. The Form 4 details his automatic sell-to-cover stock transaction and his resulting direct and indirect beneficial ownership positions in the company’s common stock.