Raynard D. Benvenuti - May 29, 2024 Form 4 Insider Report for NN INC (NNBR)

Role
Director
Signature
/s/ Richard F. Mattern by Power of Attorney
Stock symbol
NNBR
Transactions as of
May 29, 2024
Transactions value $
-$741,367
Form type
4
Date filed
5/31/2024, 04:19 PM
Previous filing
May 21, 2024
Next filing
Aug 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNBR Common Stock Gift $0 -216K -87.85% $0.00 29.9K May 29, 2024 Direct F1
transaction NNBR Common Stock Sale -$741K -236K -100% $3.14 0 May 29, 2024 By Raynard Benvenuti 2009 Revocable Trust F1, F2
holding NNBR Common Stock 291K May 29, 2024 By Benvenuti Holdings LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 For estate planning purposes, the reporting person has gifted all of his fully vested shares of NN, Inc. common stock to the Raynard Benvenuti 2009 Revocable Trust (the "Trust"). The reporting person is co-trustee and a beneficiary of the Trust
F2 For estate planning purposes, the Trust has sold all of the previously gifted shares of NN, Inc. common stock to Benvenuti Holdings LLC (the "LLC"). The reporting person is the sole general managing member of the LLC and has the power to vote and dispose of the shares held by the LLC. The reporting person disclaims beneficial ownership of the shares owned by the LLC except to the extent of his pecuniary interest therein.