Corre Partners Management, LLC 4
4 · NN INC · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
NN Inc (NNBR) 10% Owner Corre Partners Sells 229,620 Shares
What Happened
Corre Partners Management, LLC — reported as a 10% owner — sold a total of 229,620 shares of NN Inc (ticker: NNBR) in open‑market/private sales across April 20–22, 2026, generating approximately $518,301. Sales were reported in multiple tranches: Apr 20 — 79,757 shares @ $2.24 (≈ $178,839); Apr 21 — 55,483 shares @ $2.21 (≈ $122,595); Apr 22 — 94,380 shares @ $2.30 (≈ $216,867). The filing lists weighted‑average prices; individual trades occurred within price ranges noted in the filing.
Key Details
- Transaction type: Sales (Code S) via open market/private sale on Apr 20–22, 2026.
- Reported tranche prices (weighted averages): $2.24, $2.21, $2.30; filing notes individual trade prices ranged roughly $2.17–$2.38.
- Total shares sold: 229,620; approximate proceeds: $518,301.
- Shares owned after transaction: Not specified in the excerpt provided.
- Notable footnotes: weighted average prices with per‑trade ranges (filing offers to provide breakdown on request); reported securities are held directly by funds (Corre Opportunities Qualified Master Fund, LP and Corre Horizon Fund, LP) and Corre disclaims direct beneficial ownership except to the extent of pecuniary interest (see F4, F5). John Barrett (managing member) will be added as a Reporting Person in a subsequent Form 4 once CIKs are available.
- Filing timeliness: Report filed 2026‑04‑22 for transactions beginning 2026‑04‑20 — appears to be filed within the standard reporting window (not flagged as late).
Context
This filing reports institutional sales by a 10% owner (fund vehicles managed by Corre), not an individual executive. Such institutional selling can reflect portfolio/position management by the funds rather than a CEO or director signaling a view on the company. The filing is factual about quantities, prices, and ownership structure; it does not indicate motives.
Insider Transaction Report
- Sale
Common Stock, par value $0.01 per share
[F1][F4]2026-04-20$2.24/sh−58,425$131,006→ 4,821,210 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F1][F5]2026-04-20$2.24/sh−21,332$47,833→ 601,037 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F2][F4]2026-04-21$2.21/sh−40,643$89,805→ 4,780,567 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F2][F5]2026-04-21$2.21/sh−14,840$32,790→ 586,197 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F3][F4]2026-04-22$2.30/sh−69,136$158,861→ 4,711,431 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F3][F5]2026-04-22$2.30/sh−25,244$58,006→ 560,953 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 $2.20 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.
- [F2]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.
- [F3]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.
- [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.