Form 4: Inotiv Director Sells 2,000 Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Inotiv, Inc. Director R. Matthew Neff sold 2,000 shares of common stock for a weighted average price of $2.623 per share on June 2, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.
Summary
- R. Matthew Neff, a Director of Inotiv, Inc. (NOTV), reported the sale of 2,000 shares of the company's common stock.
- The transaction occurred on June 2, 2025, at a weighted average sale price of $2.623 per share.
- The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on February 13, 2025.
- The individual sale prices for the 2,000 shares ranged from $2.57 to $2.70 per share.
- Following this transaction, R. Matthew Neff beneficially owns 153,102 shares of Inotiv, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of an insider transaction conducted under a pre-arranged plan, which is generally neutral in sentiment as it does not reflect new discretionary action or significant operational news.
Positives
- The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction not based on new material non-public information, which enhances transparency and mitigates concerns about opportunistic insider selling.
Negatives
- A director's sale of shares reduces their direct ownership stake in the company, which can sometimes be perceived negatively by investors, although mitigated by the 10b5-1 plan.
Risks
- Potential for negative market perception regarding insider selling, despite the sale being conducted under a pre-arranged Rule 10b5-1 trading plan.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The sale by a director could lead to minor shifts in market sentiment, although the pre-arranged nature of the sale (Rule 10b5-1 plan) typically mitigates significant negative interpretations.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Rule 10b5-1 trading plan adopted by R. Matthew Neff. |
| 06/02/2025 | Date of transaction (sale of 2,000 common shares). |
| 06/04/2025 | Date Form 4 was signed and filed. |
Keywords
Inotiv, NOTV, Form 4, insider trading, stock sale, director, R. Matthew Neff, Rule 10b5-1, beneficial ownership
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