Form 4: Inotiv Director Sells Shares Under 10b5-1 Plan

Inotiv Director R. Matthew Neff sold 2,000 shares of common stock for a weighted average price of $1.4289 per share on October 1, 2025, as part of a pre-arranged trading plan.

Summary

• R. Matthew Neff, a Director of Inotiv, Inc. (NOTV), reported a sale of common stock.
• The transaction involved 2,000 shares of Inotiv common stock.
• The shares were sold on October 1, 2025, at a weighted average price of $1.4289 per share.
• Individual sales prices ranged from $1.4100 to $1.4650 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on February 13, 2025.
• Following this transaction, R. Matthew Neff beneficially owns 145,102 shares of Inotiv common stock directly.

Sentiment

Score: 4

Explanation: The sale of shares by a director, even under a 10b5-1 plan, is generally viewed with moderate negativity by the market, especially when the price is relatively low. While the 10b5-1 plan mitigates concerns about opportunistic timing, it still represents a reduction in insider ownership.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating it was not based on immediate, non-public information.

Negatives

• A director selling shares can be perceived as a negative signal regarding the company's future prospects or current valuation.
• The sale occurred at a relatively low weighted average price of $1.4289 per share.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Management Comments

• 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.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may perceive the director's sale as a negative signal, potentially impacting investor confidence and share price.

Key Dates

Recommendation

While the sale was pre-planned under Rule 10b5-1, a director reducing their stake, particularly at a relatively low share price, can be interpreted as a lack of strong conviction in the immediate upside. Investors should hold existing positions and monitor future company performance and insider activity, but this event does not present a strong 'buy' signal.

Keywords

Inotiv, NOTV, R. Matthew Neff, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Director Transaction