Corre Partners Management, LLC 4
4 · NN INC · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
NN INC (NNBR) Corre Partners Management Sells 703,627 Shares
What Happened Corre Partners Management, LLC (a reporting 10% owner/manager) sold a total of 703,627 shares of NN INC (NNBR) in open-market or private sales across April 15–17, 2026 for aggregate proceeds of approximately $1.53 million. Trade-by-trade reported details: Apr 15 — 231,067 shares @ $2.06 (≈$475,143) and 84,369 shares @ $2.06 (≈$173,488); Apr 16 — 29,323 shares @ $2.04 (≈$59,851) and 10,707 shares @ $2.04 (≈$21,854); Apr 17 — 255,039 shares @ $2.29 (≈$585,034) and 93,122 shares @ $2.29 (≈$213,613). All transactions are coded as sales (S).
Key Details
- Dates/prices: Apr 15–17, 2026; reported weighted-average prices shown ($2.06, $2.04, $2.29).
- Price ranges: Footnotes state the reported prices are weighted averages; individual trades occurred within ranges of $2.00–$2.17, $2.015–$2.105, and $2.04–$2.445.
- Ownership after trades: Not disclosed in the provided filing excerpt.
- Beneficial ownership: The securities are directly owned by funds (Corre Opportunities Qualified Master Fund and Corre Horizon Fund); Corre Partners is the investment manager and disclaims beneficial ownership except to the extent of pecuniary interest (see footnotes F4/F5).
- Additional reporting: John Barrett (managing member) will be reported separately once his CIK is available.
- Timeliness: Form 4 was filed Apr 17, 2026 for trades Apr 15–17; this filing appears timely under the Form 4 two-business-day rule.
Context
- This is institutional selling by a 10% owner/manager — not an executive-level purchase — and may reflect fund-level rebalancing or liquidity needs rather than an individual insider view.
- Sales (S) generally provide less bullish signal than purchases; no purchases, awards, or option exercises were reported in this filing.
- Weighted-average pricing and fund ownership structure mean reported proceeds are approximate; the filer offers to provide breakdowns by price on request.
Insider Transaction Report
Form 4
NN INCNNBR
Corre Partners Management, LLC
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
[F1][F4]2026-04-15$2.06/sh−231,067$475,143→ 5,163,997 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F1][F5]2026-04-15$2.06/sh−84,369$173,488→ 726,198 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F2][F4]2026-04-16$2.04/sh−29,323$59,851→ 5,134,674 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F2][F5]2026-04-16$2.04/sh−10,707$21,854→ 715,491 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F3][F4]2026-04-17$2.29/sh−255,039$585,034→ 4,879,635 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F3][F5]2026-04-17$2.29/sh−93,122$213,613→ 622,369 total(indirect: Footnote)
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.