Activist Legion Partners Exits NN Inc, Sells 1.2M Shares Below 5% Stake
NNBR has more than doubled off its 52-week low of $1.1 on elevated volume (1.9× avg).
Summary
Activist investor Legion Partners sold over 1.2 million NN Inc shares, reducing its stake below 5% and exiting its activist position.
Key Events · Ownership and Investor Activity · NNBR
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Legion Partners Exits Below 5%
Legion Partners' aggregate beneficial ownership fell to 4.1% as of August 14, 2026, down from over 5%, triggering this exit filing.
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1.2M Shares Sold
On August 14, 2026, Legion Partners I sold 986,306 shares, Legion Partners II sold 100,892 shares, and Legion Partners XI sold 137,808 shares, totaling approximately 1.22 million shares.
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Sale Prices
Sales were executed at prices ranging from $3.90 to $3.98 per share, near the current market price of $3.93.
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Activist Exit Pattern
This follows Corre Partners' exit earlier in 2026, indicating a broader retreat by activist investors from NN Inc.
Analysis · NNBR · Technology
A long-time activist investor in NN Inc, Legion Partners, has cut its stake below 5% and sold over 1.2 million shares on August 14, 2026. The sales, executed at prices between $3.90 and $3.98, mark a significant exit by a key shareholder. This follows a pattern of activist exits from NN Inc, with Corre Partners having sold down its stake earlier in the year. The departure of activist investors can remove a source of pressure for strategic changes and may signal reduced confidence in the company's near-term prospects, especially given the recent dilutive private placement and ongoing strategic pivot.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. 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 $3.93 on NASDAQ in the Technology sector, with a market capitalization of approximately $322.1M. 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.