John Pagliuca - Feb 14, 2023 Form 4 Insider Report for N-able, Inc. (NABL)

Role
President and CEO, Director
Signature
/s/ Kate Salley, Attorney-in-Fact for John Pagliuca
Stock symbol
NABL
Transactions as of
Feb 14, 2023
Transactions value $
$2,103,041
Form type
4
Date filed
2/16/2023, 04:37 PM
Previous filing
Nov 17, 2022
Next filing
Feb 17, 2023

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 $380K +37.2K +2.81% $10.22 1.36M Feb 14, 2023 Direct F1
transaction NABL Common Stock, par value $0.001 per share Award $2M +195K +14.35% $10.22 1.56M Feb 14, 2023 Direct F2
transaction NABL Common Stock, par value $0.001 per share Tax liability -$275K -26.9K -1.73% $10.22 1.53M Feb 14, 2023 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 two installments: 24,802 on February 16, 2023 and the remainder on February 15, 2024, subject to continued service through February 15, 2024.
F2 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 14, 2023, February 15, 2024 and February 15, 2025, 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.