Michael Adler - Feb 15, 2023 Form 4 Insider Report for N-able, Inc. (NABL)

Role
EVP, CTPO
Signature
/s/ Kate Salley, Attorney-in-Fact for Michael Adler
Stock symbol
NABL
Transactions as of
Feb 15, 2023
Transactions value $
-$130,352
Form type
4
Date filed
2/17/2023, 03:38 PM
Previous filing
Feb 16, 2023
Next filing
May 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 $0 +73.1K +25.84% $0.00 356K Feb 15, 2023 Direct F1
transaction NABL Common Stock, par value $0.001 per share Tax liability -$130K -12.6K -3.53% $10.38 343K Feb 15, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 2023 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.
F2 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of performance stock units and restricted stock units.