STOCK TITAN

Legion Partners cuts NN Inc. (NNBR) ownership, now holding about 4.1% of shares

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Legion Partners and affiliated entities report updated ownership in NN Inc. common stock. Based on 82,580,864 Shares outstanding as of August 5, 2026 plus warrant shares, Legion Partners Asset Management and related entities may be deemed to beneficially own up to 3,389,842 Shares, or approximately 4.1% of the company. This includes positions held by Legion Partners I, II, XI and Holdings, as well as 49,079 Shares of restricted stock granted to Raymond White in his former capacity as a director, whose economic interest is attributed to Legion Partners Asset Management. The filing states that as of the close of business on August 14, 2026, the reporting group ceased to be beneficial owners of more than 5% of NN Inc.’s outstanding Shares.

Positive

  • None.

Negative

  • None.
Shares outstanding 82,580,864 Shares Common stock outstanding as of August 5, 2026 used as denominator
Legion Partners I beneficial ownership 2,722,493 Shares Includes 214,095 Shares underlying Warrants; about 3.3% of class
Legion Partners II beneficial ownership 267,496 Shares Includes 10,905 Shares underlying Warrants; about 0.3% of class
Legion Partners XI beneficial ownership 350,474 Shares Directly owned; about 0.4% of class
Group beneficial ownership (maximum) 3,389,842 Shares Legion Partners Asset Management, Holdings, Kiper and White; about 4.1% of Shares
Purchase price Legion Partners I Shares $17,007,242 Aggregate price for 2,508,398 Shares owned directly, including commissions
Purchase price Legion Partners XI Shares $2,415,574 Aggregate price for 350,474 Shares, including commissions
Restricted stock granted to Raymond White 49,079 Shares Director grant; economic interest attributed to Legion Partners Asset Management
beneficial owner regulatory
"the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Warrants financial
"Shares underlying certain Warrants owned directly by Legion Partners I"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
working capital financial
"were purchased with working capital"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
restricted stock financial
"Mr. White was awarded 49,079 shares of restricted stock in connection with his service"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
open market financial
"All of such transactions were effected in the open market unless otherwise noted"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

FAQ

How much of NNBR does Legion Partners currently report owning?

Legion Partners and affiliates may be deemed to beneficially own up to 3,389,842 Shares of NN Inc., representing approximately 4.1% of the outstanding common stock, based on 82,580,864 Shares outstanding plus certain warrant shares.

What is the NNBR share count used to calculate Legion Partners’ ownership?

Ownership percentages are calculated using 82,580,864 Shares of NN Inc. outstanding as of August 5, 2026, as reported in the company’s Form 10-Q, plus Shares underlying certain Warrants exercisable by Legion entities.

When did Legion Partners fall below 5% ownership of NNBR?

As of the close of business on August 14, 2026, Legion Partners and the other reporting persons ceased to be beneficial owners of more than 5% of NN Inc.’s outstanding Shares, according to the filing.

How many NNBR shares does Legion Partners I directly beneficially own?

Legion Partners I directly beneficially owns 2,722,493 Shares of NN Inc., including 214,095 Shares underlying certain Warrants, representing approximately 3.3% of the company’s outstanding common stock.

What NNBR restricted stock is attributed to Legion Partners Asset Management?

Raymond White was granted 49,079 Shares of restricted stock for his Board service. Because he served as a representative of Legion Partners, Legion Partners Asset Management is entitled to the economic interest in these Shares for no additional consideration.

What did Legion Partners pay for its NNBR share positions?

The filing lists aggregate purchase prices, including brokerage commissions, such as about $17,007,242 for 2,508,398 Shares held by Legion Partners I and about $2,415,574 for 350,474 Shares held by Legion Partners XI.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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629337106

(CUSIP Number)
CHRISTOPHER S. KIPER
LEGION PARTNERS ASSET MANAGEMENT, LLC, 12121 Wilshire Blvd, Suite 1240
Los Angeles, CA, 90025
424-253-1773


RYAN NEBEL
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/14/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D


Legion Partners, L.P. I
Signature:/s/ Christopher S. Kiper
Name/Title:Christopher S. Kiper, Managing Director of Legion Partners Asset Management, LLC, its Investment Advisor
Date:08/14/2026
Legion Partners, L.P. II
Signature:/s/ Christopher S. Kiper
Name/Title:Christopher S. Kiper, Managing Director of Legion Partners Asset Management, LLC, its Investment Advisor
Date:08/14/2026
Legion Partners Special Opportunities, L.P. XI
Signature:/s/ Christopher S. Kiper
Name/Title:Christopher S. Kiper, Managing Director of Legion Partners Asset Management, LLC, its Investment Advisor
Date:08/14/2026
Legion Partners, LLC
Signature:/s/ Christopher S. Kiper
Name/Title:Christopher S. Kiper, Managing Member of Legion Partners Holdings, LLC, its Managing Member
Date:08/14/2026
Legion Partners Asset Management, LLC
Signature:/s/ Christopher S. Kiper
Name/Title:Christopher S. Kiper, Managing Director
Date:08/14/2026
Legion Partners Holdings, LLC
Signature:/s/ Christopher S. Kiper
Name/Title:Christopher S. Kiper, Managing Member
Date:08/14/2026
Kiper Christopher S
Signature:/s/ Christopher S. Kiper
Name/Title:Christopher S. Kiper
Date:08/14/2026
White Raymond T.
Signature:/s/ Raymond White
Name/Title:Raymond White
Date:08/14/2026