Chapter 11 plan wipes out Inotiv (NOTVQ) common shares for no value
Rhea-AI Filing Summary
Inotiv, Inc. director Michael J Harrington reported an other-disposition transaction involving 76,892 shares of common stock on July 19, 2026. According to the court-confirmed Amended Joint Prepackaged Chapter 11 Plan of Reorganization, confirmed on July 14, 2026 and effective July 19, 2026, all outstanding common shares and other equity interests of Inotiv, Inc. were canceled for no consideration, leaving Harrington with 0 shares held directly.
Positive
- None.
Negative
- All outstanding common shares and other equity interests of Inotiv, Inc. were canceled for no consideration when the Chapter 11 reorganization plan became effective on July 19, 2026.
Insider Trade Summary
Net Seller: 76,892 shares
Net Sell
1 txn
Insider
Harrington Michael J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 76,892 | $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: 76,892 shares
Price per share: $0.00
Shares held after transaction: 0 shares
+3 more
6 metrics
Shares disposed
76,892 shares
Common Stock transaction reported on July 19, 2026
Price per share
$0.00
Disposition price for the 76,892 common shares canceled under the Plan
Shares held after transaction
0 shares
Total direct holdings of Michael J Harrington after Plan effectiveness
Plan confirmation date
July 14, 2026
Date the Amended Joint Prepackaged Chapter 11 Plan was confirmed by the Bankruptcy Court
Plan effective date
July 19, 2026
Date on which all outstanding common shares and other equity interests were canceled
Equity treatment
All outstanding common shares canceled for no consideration
Impact of the Chapter 11 Plan on existing equity holders
Key Terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization, effective date of the Plan, equity interests, Bankruptcy Code
4 terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization regulatory
"The Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Inotiv, Inc. and its Affiliated Debtors"
effective date of the Plan regulatory
"On the effective date of the Plan, all outstanding common shares and other equity interests"
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.
Bankruptcy Code regulatory
"the Plan 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Inotiv (NOTVQ) director Michael J Harrington report?
Michael J Harrington reported an other-disposition of 76,892 shares of Inotiv common stock on July 19, 2026. The shares were canceled at $0.00 per share as part of a confirmed Chapter 11 reorganization plan, leaving him with 0 shares directly held.
Was Harrington's Inotiv (NOTVQ) transaction made under a Rule 10b5-1 trading plan?
The Form 4 indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan, as the Rule 10b5-1 checkbox is marked false and the only context provided ties the disposition to the confirmed Chapter 11 reorganization plan.