Corre Partners Management, LLC 4
4 · NN INC · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
NN Inc (NNBR) 10% Owner Corre Partners Sells Shares
What Happened
- Corre Partners Management, LLC (reported as a 10% owner/manager of affiliated funds) sold a total of 703,669 NN Inc (NNBR) shares in multiple transactions between April 23 and April 27, 2026. The trades totaled approximately $1,882,703. Individual reported blocks include 406,779 and 148,526 shares at a weighted average $2.69, smaller lots on April 24 at ~$2.51, and additional sales on April 27 at a weighted average $2.63. These were disposals (sales), not purchases — commonly routine for funds managing positions.
Key Details
- Dates and prices (weighted averages / ranges): Apr 23 (406,779 & 148,526 shares @ $2.69; range $2.49–$2.88), Apr 24 (8,936 & 3,263 shares @ $2.51; range $2.50–$2.54), Apr 27 (99,745 & 36,420 shares @ $2.63; range $2.52–$2.7099).
- Total shares sold: 703,669; total proceeds: ≈ $1.88M.
- Shares owned after transaction: Not stated in this filing.
- Ownership/beneficial notes: Reported securities are directly owned by Corre Opportunities Qualified Master Fund, LP and Corre Horizon Fund, LP. Corre Partners (and related entities/individuals) disclaim beneficial ownership except to the extent of pecuniary interest (see footnotes F4/F5).
- Pricing footnotes: Weighted-average prices reported; filing offers to provide breakdowns of shares sold at each price upon request (see F1–F3).
- Timeliness: Form 4 filed Apr 27, 2026 covering trades from Apr 23–27. Because some trades occurred on Apr 23–24, the Apr 27 filing may be later than the standard 2-business-day Form 4 deadline for those earlier trades.
Context
- This filing reflects institutional/manager trading by a 10% owner and affiliated funds rather than direct executive insider trading; such sales can be portfolio management (liquidity or rebalancing) rather than signals about company fundamentals. The report also notes John Barrett will be listed as a reporting person on a subsequent Form 4 once CIK codes are available.
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]2026-04-23$2.69/sh−406,779$1,094,398→ 4,304,652 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F1][F5]2026-04-23$2.69/sh−148,526$399,594→ 412,427 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F2][F4]2026-04-24$2.51/sh−8,936$22,463→ 4,295,716 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F2][F5]2026-04-24$2.51/sh−3,263$8,203→ 409,164 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F3][F4]2026-04-27$2.63/sh−99,745$262,279→ 4,195,971 total(indirect: Footnote) - Sale
Common Stock, par value $0.01 per share
[F3][F5]2026-04-27$2.63/sh−36,420$95,766→ 372,744 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 $2.49 to $2.88. 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 $2.50 to $2.54. 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 $2.52 to $2.7099. 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.