Inotiv (NOTVQ) cancels all common stock under confirmed Chapter 11 plan
Rhea-AI Filing Summary
Inotiv, Inc. officer Jeffrey Brennan Freeman, VP-Finance & Corp. Controller, reported a restructuring-related disposition of 36,623 shares of common stock. These shares were canceled for no consideration on July 19, 2026, when a court-confirmed Chapter 11 reorganization plan became effective, leaving him with 0 shares of Inotiv common stock.
Positive
- None.
Negative
- All common shares and equity interests canceled under a court-confirmed Chapter 11 plan, including 36,623 shares held by the reporting officer, for no consideration.
Insider Trade Summary
Net Seller: 36,623 shares
Net Sell
1 txn
Insider
Freeman Jeffrey Brennan
Role
VP-Finance & Corp. Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 36,623 | $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: 36,623 shares
Shares held after transaction: 0 shares
Transaction price: $0.00 per share
+2 more
5 metrics
Shares disposed
36,623 shares
Common stock canceled under Chapter 11 Plan of Reorganization
Shares held after transaction
0 shares
Reporting officer’s common stock position following cancellation
Transaction price
$0.00 per share
No consideration received upon cancellation of 36,623 common shares
Plan confirmation date
July 14, 2026
Date the Chapter 11 Plan of Reorganization was confirmed by the bankruptcy court
Plan effective date
July 19, 2026
Effective date on which all outstanding common shares were canceled
Key Terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization, Bankruptcy Code, effective date, equity interests
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
"under Chapter 11 of the Bankruptcy Code was confirmed"
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"
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.
equity interests financial
"all outstanding common shares and other equity interests of Inotiv, Inc. were canceled"
Equity interests are an ownership stake in a company—usually represented by shares or membership units—that give the holder a claim on the business’s profits, assets and sometimes voting power. Think of it as owning one or more slices of a company’s pie: the bigger your slice, the larger your share of dividends, capital gains and influence, and the more you are affected by dilution or company losses. Investors use equity interests to measure value, control and potential returns.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Inotiv (NOTVQ) report for Jeffrey Brennan Freeman?
Inotiv reported that Jeffrey Brennan Freeman, VP-Finance & Corp. Controller, had 36,623 common shares disposed of in a restructuring event. The shares were canceled for no consideration under a confirmed Chapter 11 reorganization plan, leaving him with zero Inotiv common shares.
Was the Inotiv (NOTVQ) insider transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and the transaction is coded as an “Other” disposition (J) tied to a Chapter 11 restructuring, not to a pre-arranged trading plan.