Kathleen Pai - Feb 16, 2022 Form 4 Insider Report for N-able, Inc. (NABL)

Signature
/s/ Kate Salley, Attorney-in-Fact for Kathleen Pai
Stock symbol
NABL
Transactions as of
Feb 16, 2022
Transactions value $
-$58,561
Form type
4
Date filed
2/18/2022, 04:29 PM
Previous filing
Feb 17, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NABL Common Stock, par value $0.001 per share Award $0 +46K +15.65% $0.00 340K Feb 16, 2022 Direct F1
transaction NABL Common Stock, par value $0.001 per share Award $0 +57.5K +16.93% $0.00 397K Feb 16, 2022 Direct F2
transaction NABL Common Stock, par value $0.001 per share Tax liability -$58.6K -5.03K -1.27% $11.64 392K Feb 16, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance stock units awarded pursuant to the issuer's 2021 Equity Incentive Plan for which performance criteria has been satisfied that entitle the reporting person to receive one share of the issuer's common stock per performance stock unit upon vesting. The performance stock units vest in three equal installments on each of February 16, 2022, February 15, 2023 and February 15, 2024, subject to continued service through each applicable date.
F2 Represents restricted stock units awarded pursuant to the issuer's 2021 Equity Incentive Plan that entitle the reporting person to receive one share of the issuer's common stock per restricted stock unit upon vesting. The restricted stock units vest 25% on the anniversary of February 15, 2022 and 6.25% per quarter over the following twelve quarters on the respective quarterly vesting dates of May 15, August 15, November 15 and February 15, subject to continued service through each applicable date.
F3 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of performance stock units.