Form 4: Inotiv Director Sells Shares for Tax Obligations

Inotiv Director R. Matthew Neff sold 2,000 shares of common stock for $1.2434 per share to cover tax obligations from vested equity awards.

Summary

• R. Matthew Neff, a Director of Inotiv, Inc. (NOTV), sold 2,000 shares of common stock.
• The transaction occurred on November 3, 2025, at a weighted average price of $1.2434 per share.
• The sale was executed under a Rule 10b5-1 trading plan, which was adopted on February 13, 2025.
• The purpose of the sale was to cover tax obligations incurred from the vesting of equity awards in prior periods.
• Following this transaction, Neff directly beneficially owns 153,102 shares of Inotiv common stock.
• The sales prices for the 2,000 shares ranged from $1.2100 to $1.2900 per share.

Sentiment

Score: 5

Explanation: The sale by a director was pre-planned under a Rule 10b5-1 plan and explicitly stated to cover tax obligations from vested equity awards, which is a common and often non-discretionary reason for insider sales. This mitigates any negative sentiment typically associated with insider selling, leading to a neutral assessment.

Positives

• The sale was pre-planned under a Rule 10b5-1 trading plan, indicating a structured and non-discretionary approach.
• The explicit reason for the sale was to cover tax obligations related to previously vested equity awards, which is a common and often administrative reason for insider transactions.

Negatives

• A director's sale of shares, even for tax purposes, reduces their direct ownership stake in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may perceive a slight reduction in insider confidence, though the stated reason (tax obligations) lessens this concern.

Key Dates

Keywords

Inotiv, NOTV, R. Matthew Neff, Director, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Equity Awards, Tax Obligations