NOTV Form 4: Director Disposes of 2,000 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
R. Matthew Neff, a director of Inotiv, Inc. (Ticker: NOTV), reported the sale of 2,000 shares of common stock on 10/01/2025 at a weighted average price of $1.4289 per share. The filing shows 145,102 shares remain beneficially owned by Mr. Neff after the reported sale.
The filing states the sales were executed under a pre-existing Rule 10b5-1 trading plan adopted on February 13, 2025, and that the reported price is the weighted average of multiple sales that ranged from $1.4100 to $1.4650 per share. The Form 4 is signed by an attorney-in-fact on behalf of Mr. Neff.
Positive
- Sale executed under a Rule 10b5-1 trading plan, indicating pre-planned, compliant disposition
- Maintains substantial ownership with 145,102 shares remaining beneficially owned
Negative
- Director disposed of 2,000 shares on 10/01/2025
- Weighted average sale price was relatively low at $1.4289
Insights
Director sold 2,000 shares under a 10b5-1 plan; significant holdings remain.
This Form 4 discloses an insider sale executed through a pre-established Rule 10b5-1 plan, which is a commonly used automated trading arrangement that can reduce the appearance of opportunistic timing. The plan adoption date is February 13, 2025, and the sales occurred on October 1, 2025.
The reporting director still beneficially owns 145,102 shares after the sale, indicating continued equity exposure. The filing also lists the weighted average sale price of $1.4289, with trade prices between $1.4100 and $1.4650.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $1.4289 | $3K |
Footnotes (1)
- The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 13, 2025. Reflects the weighted average price of 2,000 common shares sold by the reporting person in multiple transactions on October 1, 2025 with sales prices ranging from $1.4100 to $1.4650 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.