Form 4: Inotiv CEO Robert Leasure Jr. Sells Shares to Cover Taxes

Inotiv's CEO, Robert Leasure Jr., sold 73,617 shares of common stock on February 18, 2025, to cover taxes associated with the settlement of restricted stock units.

Summary

• Robert Leasure Jr., the President and CEO of Inotiv, Inc., sold 73,617 shares of Inotiv common stock on February 18, 2025.
• The sale was executed to cover taxes associated with the settlement of restricted stock units.
• The shares were sold at a weighted average price of $3.8189, with individual sale prices ranging from $3.765 to $4.00 per share.
• Following the transaction, Leasure directly owns 956,592 shares of Inotiv common stock.
• Leasure also indirectly owns 105,000 shares through an entity where he is the majority security holder.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by the CEO to cover taxes. It doesn't inherently indicate positive or negative sentiment, but rather a routine financial transaction.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This sale is likely related to tax obligations arising from the vesting of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates