Inotiv, Inc. (NOTVQ) CEO has 1,361,215 shares canceled in Chapter 11 plan
Rhea-AI Filing Summary
Inotiv, Inc. President and CEO Robert Leasure Jr. reported restructuring-related dispositions of a total of 1,361,215 shares of common stock on July 19, 2026, when a confirmed Chapter 11 reorganization plan became effective and canceled all outstanding common shares for no consideration.
The Form 4 shows 105,000 indirectly held shares, owned through an entity where Leasure is the majority security holder, and 1,256,215 directly held shares were canceled, leaving him with 0 common shares after the effective date of the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,361,215 shares
Net Sell
2 txns
Insider
Leasure Robert Jr.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 1,256,215 | $0.00 | $0.00 |
| Other | Common Stock F1, F2 | 105,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, See Footnote)
Footnotes (2)
- 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.
- F2. These shares were held by an entity for which the reporting person is the majority security holder.
Key Figures
Indirect shares disposed: 105,000 shares
Direct shares disposed: 1,256,215 shares
Total shares in restructuring: 1,361,215 shares
+3 more
6 metrics
Indirect shares disposed
105,000 shares
Indirectly held common stock canceled on July 19, 2026 under the plan
Direct shares disposed
1,256,215 shares
Directly held common stock canceled on July 19, 2026 under the plan
Total shares in restructuring
1,361,215 shares
Total common shares in restructuring-related dispositions (transactionSummary restructuringShares)
Shares held after transactions
0 shares
Common stock position of Robert Leasure Jr. following July 19, 2026 cancellations
Plan confirmation date
July 14, 2026
Date the Chapter 11 Plan of Reorganization was confirmed by the court
Plan effective date
July 19, 2026
Effective date of the Chapter 11 plan when all equity was canceled
Key Terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization, Bankruptcy Code, canceled for no consideration, majority security holder
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.
canceled for no consideration financial
"On the effective date of the Plan, all outstanding common shares were canceled for no consideration"
majority security holder financial
"These shares were held by an entity for which the reporting person is the majority security holder."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the latest Form 4 for Inotiv, Inc. (NOTVQ) report for CEO Robert Leasure Jr.?
It reports restructuring-related dispositions of Inotiv common stock by CEO Robert Leasure Jr. on July 19, 2026, when a confirmed Chapter 11 plan became effective and canceled all outstanding common shares for no consideration.
Was the Inotiv (NOTVQ) CEO’s Form 4 transaction executed under a Rule 10b5-1 trading plan?
No. The Form 4’s Rule 10b5-1 checkbox is not checked, and the transaction arises from implementation of an Amended Joint Prepackaged Chapter 11 Plan of Reorganization that canceled all existing common equity.
What is the nature of the "J" code transactions reported for Inotiv (NOTVQ) on July 19, 2026?
The "J" code denotes other acquisition or disposition. Here it reflects a restructuring event where common shares associated with Robert Leasure Jr. were disposed of via cancellation for no consideration when the Chapter 11 plan became effective.