Inotiv (NOTVQ) cancels all common equity as Chapter 11 plan takes effect
Rhea-AI Filing Summary
Inotiv, Inc. completed a Chapter 11 reorganization in which all outstanding common shares and other equity interests were canceled for no consideration when the plan became effective on July 19, 2026. EVP, GC, Secretary and CCO Andrea Castetter reported an “other” disposition of 49,200 common shares at $0.00 per share, leaving her with 0 directly held shares.
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: 49,200 shares
Net Sell
1 txn
Insider
Castetter Andrea
Role
EVP, GC, Sec'y & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 49,200 | $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: 49,200 shares
Reported price per share: $0.0000
Shares after transaction: 0 shares
+2 more
5 metrics
Shares disposed
49,200 shares
Common Stock reported as an “other” disposition on July 19, 2026
Reported price per share
$0.0000
Value assigned to the canceled common shares in the restructuring-related transaction
Shares after transaction
0 shares
Direct holdings of Andrea Castetter following the equity cancellation
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 when all outstanding common shares and other equity interests were canceled
Key Terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization, Bankruptcy Code, effective date
3 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
"On the effective date of the Plan, all outstanding common shares"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Inotiv (NOTVQ) report about Andrea Castetter’s stock holdings?
Inotiv reported that EVP, GC, Secretary and CCO Andrea Castetter had 49,200 common shares treated as an “other” disposition at $0.00 per share on July 19, 2026, in connection with the Chapter 11 plan, leaving her with zero directly held shares.
What happened to Inotiv (NOTVQ) common stock under the Chapter 11 plan?
Under the confirmed Chapter 11 plan, all outstanding common shares and other equity interests of Inotiv, Inc. were canceled for no consideration on July 19, 2026, eliminating existing equity positions, including those held by executives such as Andrea Castetter.
When did Inotiv’s (NOTVQ) Chapter 11 reorganization plan become effective?
The Amended Joint Prepackaged Chapter 11 Plan of Reorganization became effective on July 19, 2026. It had been confirmed on July 14, 2026 by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, before taking effect and canceling all equity interests.
Was Andrea Castetter’s Inotiv (NOTVQ) Form 4 transaction a market sale?
No. The Form 4 describes the transaction as an “other acquisition or disposition” (code J), linked to the Chapter 11 restructuring. Her 49,200 shares were effectively canceled at $0.00 per share under the plan, rather than sold in an open-market transaction.