Inotiv (NOTV) strategy chief has shares sold to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Inotiv, Inc. Chief Strategy Officer John E. Sagartz reported an automatic sale of company stock to cover taxes on vested restricted stock units. On this transaction date, 2,119 shares of common stock were sold at an average price of $0.2908 per share under a pre-set Rule 10b5-1 instruction. Following this tax-withholding sale, Sagartz directly held 735,697 shares of Inotiv common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,119 shares ($616)
Net Sell
1 txn
Insider
Sagartz John E
Role
Chief Strategy Officer
Sold
2,119 shs ($616.21)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,119 | $0.2908 | $616.21 |
Holdings After Transaction:
Common Stock — 735,697 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Inotiv (NOTV) report for John E. Sagartz?
Inotiv (NOTV) reported that Chief Strategy Officer John E. Sagartz had 2,119 common shares automatically sold. The sale satisfied tax withholding obligations triggered by the vesting and settlement of restricted stock units, under a previously entered Rule 10b5-1 trading instruction.
Was the Inotiv (NOTV) insider sale by John E. Sagartz part of a Rule 10b5-1 plan?
Yes. The footnote states the sale was executed pursuant to a Rule 10b5-1 instruction. John E. Sagartz entered this instruction during the period from September 11, 2024 to October 9, 2024 to handle tax withholding on vested restricted stock units.