Corre funds trim NN Inc (NNBR) stake with 229,620-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NN Inc major holder Corre-affiliated funds reported open-market sales of NNBR shares. Investment vehicles linked to Corre Partners sold a total of 229,620 shares of NN Inc common stock in six open-market transactions.
The sales occurred on April 20–22, 2026 at weighted average prices between $2.17 and $2.38 per share, with specific trades recorded at $2.2096, $2.2423, and $2.2978. After these trades, one Corre-related account held 4,821,210 shares and another held 601,037 shares, indicating they remain significant shareholders. The reporting entities disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 229,620 shares ($518,301)
Net Sell
6 txns
Insider
Corre Partners Management, LLC, Corre Partners Advisors LLC, Corre Opportunities Qualified Master Fund, LP
Role
null | null | null
Sold
229,620 shs ($518K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 69,136 | $2.2978 | $159K |
| Sale | Common Stock, par value $0.01 per share | 25,244 | $2.2978 | $58K |
| Sale | Common Stock, par value $0.01 per share | 40,643 | $2.2096 | $90K |
| Sale | Common Stock, par value $0.01 per share | 14,840 | $2.2096 | $33K |
| Sale | Common Stock, par value $0.01 per share | 58,425 | $2.2423 | $131K |
| Sale | Common Stock, par value $0.01 per share | 21,332 | $2.2423 | $48K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 4,711,431 shares (Indirect, Footnote)
Footnotes (1)
- 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 reported securities are directly owned by Corre Opportunities Qualified Master Fund, LP (the "Qualified Master Fund"). The reported securities may be deemed beneficially owned by Corre Partners Management, LLC ("Corre"), the investment manager of the Qualified Master Fund, Corre Partners Advisors, LLC ("Corre GP"), the general partner of the Qualified Master Fund, and John Barrett, the managing member of Corre and Corre GP, each a Reporting Person. Each 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 any 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 reported securities are directly owned by Corre Horizon Fund, LP (the "Partnership"). The reported securities may be deemed beneficially owned by Corre, the investment manager of the Partnership, Corre GP, the general partner of the Partnership, and John Barrett, the managing member of Corre and Corre GP, each a Reporting Person. Each 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 any 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.
Key Figures
Total shares sold: 229,620 shares
Sale price example: $2.2978 per share
Sale price example: $2.2096 per share
+5 more
8 metrics
Total shares sold
229,620 shares
Open-market sales reported in this Form 4
Sale price example
$2.2978 per share
One set of NN Inc share sales on April 22, 2026
Sale price example
$2.2096 per share
NN Inc sales reported for April 21, 2026
Sale price example
$2.2423 per share
NN Inc sales reported for April 20, 2026
Post-trade holding (large account)
4,821,210 shares
Shares of NN Inc held after one reported sale
Post-trade holding (smaller account)
601,037 shares
Shares of NN Inc held after one reported sale
Reported price range
$2.17–$2.29
One footnoted sales range for weighted average price
Reported price range
$2.2050–$2.38
Another footnoted sales range for weighted average price
Key Terms
weighted average price, open-market sale, beneficial ownership, pecuniary interest, +2 more
6 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
beneficial ownership financial
"Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of its pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
""ownership_type": "indirect""
FAQ
Over what dates did the NN Inc (NNBR) insider sales take place?
The reported sales took place on April 20, 21, and 22, 2026. Each date included separate open-market transactions in NN Inc common stock, all reported in this single Form 4 filing by the Corre-related reporting entities.