Legion Partners Files to Sell 1.57M NN Inc. Shares Worth $5.3M
NNBR has more than doubled off its 52-week low of $1.1 on elevated volume (2.5× avg).
Summary
Legion Partners Asset Management, an affiliate of a former NN Inc. director, filed to sell 1.57 million shares worth approximately $5.3 million, continuing its exit from the company.
Key Events · Ownership and Investor Activity · NNBR
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Proposed Sale of 1.57M Shares
Legion Partners Asset Management filed a Form 144 to sell 1,569,738 shares with an approximate market value of $5,290,017.
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Recent Sales Total $6.6M
In the past three months, Legion Partners entities sold 1,690,690 shares for gross proceeds of $6,607,179.02.
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Activist Investor Exit Continues
The seller is an affiliate of a former NN Inc. director, and this filing follows a Schedule 13D/A exit filing in July 2026.
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Potential Overhang
The proposed sale adds to selling pressure on NN Inc. shares, which recently completed a $75M private placement and is seeking to double authorized shares.
Analysis · NNBR · Technology
A fresh Form 144 from Legion Partners Asset Management, an affiliate of a former NN Inc. director, proposes the sale of 1,569,738 shares with an approximate market value of $5.29 million. This comes on the heels of $6.6 million in sales over the past three months, signaling a continued exit by the activist investor. The proposed sale represents a meaningful overhang on the stock, especially given the company's recent capital raises and share authorization increase.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. 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, NNBR was trading at $3.85 on NASDAQ in the Technology sector, with a market capitalization of approximately $318.8M. The 52-week trading range was $1.10 to $4.48. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.