Legion Partners reports 6.5% stake in NN Inc
Legion Partners–affiliated entities report beneficial ownership of approximately 6.5% of NN Inc’s common stock, based on 77,083,705 Shares outstanding as of July 2, 2026 plus certain Warrants and restricted stock.
Rhea-AI Filing Summary
Legion Partners–affiliated entities report beneficial ownership of approximately 6.5% of NN Inc’s common stock, based on 77,083,705 Shares outstanding as of July 2, 2026 plus certain Warrants and restricted stock.
The stake is held through several Delaware investment vehicles. Legion Partners I directly owns 3,733,515 Shares, including 214,095 Shares underlying Warrants, representing about 4.8% of the class. Legion Partners II owns 406,049 Shares, including 10,905 Warrant Shares, or about 0.5%, and Legion Partners XI owns 858,283 Shares, or about 1.1%. Through general partner, investment adviser and holding-company relationships, Legion Partners, LLC, Legion Partners Asset Management, LLC, Legion Partners Holdings, LLC, and managing directors Christopher S. Kiper and Raymond T. White may each be deemed beneficial owners of these positions, along with 300 Shares held directly by Legion Partners Holdings and 49,079 Shares of restricted stock granted to Mr. White in his capacity as a director.
On July 29, 2026, Legion-affiliated parties and NN Inc entered a Letter Agreement under which NN Inc immediately accelerated vesting of Mr. White’s 49,079 restricted Shares awarded March 18, 2026. In connection with this, the Legion parties irrevocably waived their replacement rights under Section 1(f) of a prior Cooperation Agreement and acknowledged that NN Inc’s obligations under Section 1 of that agreement have been terminated. The investment entities acquired their positions using working capital, including an aggregate purchase price of approximately $32,766,696 for 3,519,420 Shares and $155,283 for 214,095 Warrant Shares by Legion Partners I, and approximately $7,483,246 for 858,283 Shares by Legion Partners XI.
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Key Figures
Key Terms
beneficial owner regulatory
restricted stock financial
Warrants financial
Cooperation Agreement regulatory
Letter Agreement regulatory
FAQ
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How much of NN Inc (NNBR) does Legion Partners currently report owning?
What is the Letter Agreement disclosed for NN Inc (NNBR) on July 29, 2026?
What restricted stock in NN Inc (NNBR) was granted to Raymond White?
How were Legion Partners’ NN Inc (NNBR) positions funded and what did they pay?
AI-generated analysis. How Rhea-AI works. Not financial advice.