Inotiv, Inc. (NOTVQ) cancels director equity under Chapter 11 plan
Rhea-AI Filing Summary
Inotiv, Inc. director David Landman reported a restructuring transaction on July 19, 2026, disposing of 216,243 shares of common stock, leaving him with no remaining shares. The change stems from a confirmed Chapter 11 plan that became effective that day and canceled all outstanding common shares and other equity interests for no consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 216,243 shares
Net Sell
1 txn
Insider
Landman David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 216,243 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- F1. The Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Inotiv, Inc. and its Affiliated Debtors (the "Plan") under Chapter 11 of the Bankruptcy Code was confirmed by the United States Bankruptcy Court for the Southern District of Texas, Houston Division, on July 14, 2026, and became effective on July 19, 2026. On the effective date of the Plan, all outstanding common shares and other equity interests of Inotiv, Inc. were canceled for no consideration.
Key Figures
Shares disposed: 216,243 shares
Transaction price: $0.00 per share
Shares after transaction: 0 shares
+2 more
5 metrics
Shares disposed
216,243 shares
Common stock reported as disposed by director David Landman on July 19, 2026
Transaction price
$0.00 per share
Common shares canceled for no consideration under the Chapter 11 plan
Shares after transaction
0 shares
Total Inotiv common shares held by David Landman following the restructuring event
Plan confirmation date
July 14, 2026
Amended Joint Prepackaged Chapter 11 Plan confirmed by U.S. Bankruptcy Court
Plan effective date
July 19, 2026
Effective date when all outstanding common shares and equity interests were canceled
Key Terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization, Bankruptcy Code, effective date, canceled for no consideration
4 terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization regulatory
"The Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Inotiv, Inc."
Bankruptcy Code regulatory
"Plan of Reorganization of Inotiv, Inc. and its Affiliated Debtors under Chapter 11 of the Bankruptcy Code"
A bankruptcy code is the set of laws and rules that govern what happens when an individual or company cannot pay its debts, laying out options like reorganizing the business, selling assets, and the order in which creditors are paid. For investors, it matters because the code determines how much of their investment can be recovered, who gets priority on claims, and whether ownership or control may change — like a rulebook that decides how the pieces are divided and reassembled.
effective date regulatory
"and became effective on July 19, 2026. On the effective date of the Plan, all outstanding common"
The effective date is the specific calendar day when a contract, regulatory action, corporate change, or financial disclosure officially begins to apply and take legal or operational effect. For investors, it marks the moment rules, obligations, ownership, pricing, or reporting change—similar to the exact minute a light switch is flipped—so it determines when rights, liabilities, or market impacts start and which periods or transactions are affected.
canceled for no consideration regulatory
"On the effective date of the Plan, all outstanding common shares and other equity interests of Inotiv, Inc. were canceled for no consideration."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did David Landman report at Inotiv, Inc. (NOTVQ)?
David Landman reported disposing of 216,243 common shares of Inotiv, Inc. on July 19, 2026. The change reflects a Chapter 11 reorganization plan that became effective that day and canceled all outstanding common shares and other equity interests for no consideration.
What Chapter 11 event affected Inotiv (NOTVQ) equity holders on July 19, 2026?
Inotiv’s amended joint prepackaged Chapter 11 plan became effective on July 19, 2026, canceling all outstanding common shares and other equity interests. Equity holders, including director David Landman, received no consideration when their shares and interests were extinguished under the court-confirmed plan.
When was Inotiv’s (NOTVQ) Chapter 11 plan confirmed and what did it do?
The amended joint prepackaged Chapter 11 plan was confirmed on July 14, 2026 by the U.S. Bankruptcy Court in Houston. It became effective July 19, 2026 and canceled all outstanding common shares and other equity interests of Inotiv, Inc. for no consideration.