NN Inc (NNBR) advisory clients sell 1.64M shares in open market
Rhea-AI Filing Summary
NN Inc reported a series of insider-related sales of its common stock tied to advisory clients of Corre Partners Management, LLC. Between April 15 and April 27, 2026, these clients sold a total of 1,636,916 shares in nine open-market transactions at reported prices generally around $2.04–$2.69 per share. After the final sale, the advisory clients held 4,568,715 shares of NN Inc common stock. The filing notes that the securities are directly owned by Corre’s advisory clients and may be deemed beneficially owned by John Frederick Barrett, the managing member of Corre, although he disclaims beneficial ownership beyond his pecuniary interest. The trades were previously reported on Forms 4 filed by Corre itself, and this Form 4 is being filed after Barrett obtained CIK codes. Reported prices are weighted averages of multiple trades within specified intraday price ranges.
Positive
- None.
Negative
- None.
Insights
Large indirect shareholder trims position via clients’ open-market sales.
The filing shows advisory clients of Corre Partners Management, LLC sold 1,636,916 shares of NN Inc common stock over several days in mid-to-late April 2026. All transactions were coded as open-market sales of non-derivative common shares.
Following these disposals, the clients held 4,568,715 shares, which may be deemed beneficially owned by managing member John Frederick Barrett, who disclaims ownership beyond his pecuniary interest. No derivative exercises were reported, so this reflects a straightforward cash sale rather than an option-related event.
The filing also notes these trades had already been reported on earlier Forms 4 by Corre and are now being cross-reported after Barrett received CIK codes. Price data are given as weighted averages across intraday ranges, and any finer breakdown would come from the seller upon request, as stated.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 136,165 | $2.6295 | $358K |
| Sale | Common Stock, par value $0.01 per share | 12,199 | $2.5138 | $31K |
| Sale | Common Stock, par value $0.01 per share | 555,305 | $2.6904 | $1.49M |
| Sale | Common Stock, par value $0.01 per share | 94,380 | $2.2978 | $217K |
| Sale | Common Stock, par value $0.01 per share | 55,483 | $2.2096 | $123K |
| Sale | Common Stock, par value $0.01 per share | 79,757 | $2.2423 | $179K |
| Sale | Common Stock, par value $0.01 per share | 348,161 | $2.2939 | $799K |
| Sale | Common Stock, par value $0.01 per share | 40,030 | $2.0411 | $82K |
| Sale | Common Stock, par value $0.01 per share | 315,436 | $2.0563 | $649K |
Footnotes (1)
- All trades in this Form 4 were previously reported on Form 4 filings made by Corre Partners Management, LLC ("Corre") on April 17, 2026, April 22, 2026 and April 27, 2026. The Reporting Person is filing this Form 4 as a result of the Reporting Person subsequently receiving CIK codes. The reported securities are directly owned by advisory clients of Corre. The reported securities may be deemed beneficially owned by the Reporting Person, the managing member of Corre. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.00 to $2.17. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.015 to $2.105. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.04 to $2.445. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.20 to $2.3066. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.17 to $2.29. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.2050 to $2.38. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.49 to $2.88. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.50 to $2.54. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.52 to $2.7099. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.