Inotiv insider 10b5-1 sale: 2,000 shares at $1.67, ownership 147,102
Rhea-AI Filing Summary
Inotiv, Inc. (NOTV) director R. Matthew Neff sold 2,000 shares of common stock on 09/02/2025 under a pre-established Rule 10b5-1 trading plan. The reported weighted average sale price was $1.6688 per share, with individual sale prices ranging from $1.6550 to $1.6900. After the transactions, Neff beneficially owns 147,102 shares. The Form 4 was signed by Beth Taylor as attorney-in-fact on 09/04/2025 and includes an undertaking to provide per-price sale detail to regulators or holders upon request.
Positive
- Sale executed under a Rule 10b5-1 trading plan, reducing concerns about opportunistic trading
- Timely and transparent disclosure with an undertaking to provide per-price sale details upon request
Negative
- Insider reduced holdings by 2,000 shares, leaving 147,102 shares beneficially owned
Insights
TL;DR: Insider sale follows an established 10b5-1 plan and was disclosed promptly, indicating procedural compliance but a reduced insider stake.
The sale of 2,000 shares by a company director was executed pursuant to a Rule 10b5-1 plan adopted on February 13, 2025, which generally limits questions about trading intent. The filing shows a modest reduction in beneficial ownership to 147,102 shares. From a governance perspective, timely disclosure and the attorney-in-fact signature demonstrate adherence to reporting requirements.
TL;DR: This is a routine, limited insider sale under a pre-established plan with immaterial immediate market impact.
The transaction involved 2,000 shares at a weighted average price of $1.6688 on September 2, 2025. Given the remaining holding size reported and the small trade relative to total shares outstanding (not provided in this form), the disposal appears immaterial to company capitalization. The filer offers to disclose per-price details to regulators, which supports transparency.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $1.6688 | $3K |
Footnotes (1)
- The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 13, 2025. Reflects the weighted average price of 2,000 common shares sold by the reporting person in multiple transactions on September 2, 2025 with sale prices ranging from $1.6550 to $1.6900 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.