NN INC — Form SCHEDULE 13D/A
Filed August 10, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
▼ Likely negative
significance 62/100
What the filing says
On 08/06/2026, Legion Partners L.P. I sold 2,623,434 cash-settled total return swaps and 24,716 common shares; Legion Partners L.P. II sold 233,225 swaps and 37,661 shares; Legion Partners Special Opportunities L.P. XI sold 370,001 shares. All sales executed at weighted-average prices of $3.84–$3.90. Total shares sold: ~432,378; total notional swap reduction: ~2.86M units. This constitutes a material reduction in derivative and equity holdings by these reporting persons.
Why this rating
~432k shares (~5.8% of $74.4M market cap at $3.88/share ≈ $1.7M divested) plus major derivative unwind by large holders signals potential loss of confidence; meaningful scale relative to small-cap issuer.
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