Andreessen Horowitz Sells Another 1.4M Nautilus Shares, Drops Below 5% Stake
NAUT sits 48% above its 52-week low of $0.681.
Summary
Andreessen Horowitz funds sold another ~1.42M Nautilus shares in early September, dropping their stake below 5% for the first time since the company's IPO.
Key Events · Ownership and Investor Activity · NAUT
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Stake Falls Below 5% Threshold
Andreessen Horowitz funds sold ~1.42M shares between 08/31/2026 and 09/09/2026, reducing their aggregate beneficial ownership from 6.0% to 4.9% and ceasing to be 5% owners on 09/09/2026.
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Third Consecutive Reduction Since June
This follows $7.18M in sales disclosed 06/30/2026 and another ~1.25M shares disclosed 08/28/2026, marking a sustained exit by the company's largest early venture backer.
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Sales Priced Near Recent Lows
Transactions executed at weighted average prices from $0.9040 to $1.0312 per share, with total proceeds of approximately $1.36 million.
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Coincides with New ATM Program
The selling comes the same day Nautilus filed a $300M shelf registration and a new $125M at-the-market offering program with TD Cowen, replacing a prior sales agreement.
Analysis · NAUT · Industrial Applications And Services
Andreessen Horowitz funds sold roughly 1.42 million Nautilus shares between August 31 and September 9, 2026, at prices between $0.90 and $1.09, cutting their combined stake from 6.0% to 4.9% and crossing below the 5% beneficial ownership threshold. This is the third consecutive 13D/A showing the firm reducing its position since June, and it comes just hours after Nautilus filed a $300M shelf and a new $125M ATM program — a combination that suggests the company's largest early backers are steadily exiting while the company turns to the public market for capital. The sales themselves are modest in dollar terms (~$1.36M), but the pattern of continued selling by a marquee venture investor carries more weight than the raw numbers.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1943 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NAUT was trading at $1.01 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $129.8M. The 52-week trading range was $0.68 to $4.31. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.