Inotiv, Inc. — Director's Dealing 2022

Sep 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Inotiv, Inc. (NOTV)
CIK: 0000720154
Period of Report: 2022-09-16

Reporting Person: Savanna Holdings, LLC (10% Owner)
Reporting Person: P2 Capital Partners, LLC (10% Owner)
Reporting Person: P2 Capital Master Fund I, L.P. (Affiliate of 10% owner)
Reporting Person: P2 Capital Fund IV, L.P. (Affiliate of 10% owner)
Reporting Person: MOLLER CLAUS J (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-09-16	Common Shares	J	2946961	$0.00	Disposed	0	Direct
2022-09-16	Common Shares	J	715705	$0.00	Acquired	715705	Direct
2022-09-16	Common Shares	J	2231256	$0.00	Acquired	2231256	Direct
2022-09-16	Common Shares	J	2231256	$0.00	Disposed	0	Direct
2022-09-16	Common Shares	J	63758	$0.00	Acquired	63758	Indirect

Footnotes

F1: Savanna Holdings, LLC ("Savanna Holdings") distributed these shares to its members, P2 Capital Master Fund I, L.P. ("Fund I") and P2 Capital Fund IV, L.P. ("Fund IV"), ratably, for no consideration. As a result of such distribution, Savanna Holdings no longer holds any shares.

F2: The securities reported are held directly by Fund I and may be deemed to be beneficially owned by P2 Capital Partners, LLC ("P2 Capital Partners") and Claus Moller because Mr. Moller is the managing member of P2 Capital Partners and P2 Capital Partners controls all of the outstanding voting interests in Fund I. Each of P2 Capital Partners and Mr. Moller disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.

F3: The securities reported are held directly by Fund IV and may be deemed to be beneficially owned by P2 Capital Partners and Claus Moller because Mr. Moller is the managing member of P2 Capital Partners and P2 Capital Partners controls all of the outstanding voting interests in Fund IV. Each of P2 Capital Partners and Mr. Moller disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.

F4: Fund IV distributed these shares to its partners, ratably, for no consideration, which included 63,758 shares distributed to P2 Capital GP IV, LLC ("GP IV"). Mr. Moller is the managing member of GP IV and disclaims beneficial ownership of the securities held by GP IV, except to the extent of his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.