Frank Colletti - Jul 26, 2021 Form 4 Insider Report for N-able, Inc. (NABL)

Role
Exec VP, Worldwide Sales
Signature
/s/ Peter Anastos Attorney-in-Fact for Frank Colletti
Stock symbol
NABL
Transactions as of
Jul 26, 2021
Transactions value $
$0
Form type
4
Date filed
7/28/2021, 09:52 PM
Previous filing
Jul 22, 2021
Next filing
Aug 17, 2021

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 +75.7K +67.03% $0.00 189K Jul 26, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NABL Stock Option Other +1.45K 1.45K Jul 26, 2021 Common Stock 1.45K $0.56 Direct F2, F3, F4
transaction NABL Stock Option Other +6.58K 6.58K Jul 26, 2021 Common Stock 6.58K $1.60 Direct F2, F4, F5
transaction NABL Stock Option Other +658 658 Jul 26, 2021 Common Stock 658 $0.43 Direct F2, F4, F6
transaction NABL Stock Option Other +1.45K 1.45K Jul 26, 2021 Common Stock 1.45K $0.56 Direct F2, F4, F6
transaction NABL Stock Option Other +329 329 Jul 26, 2021 Common Stock 329 $0.43 Direct F2, F4, F6
transaction NABL Stock Option Other +723 723 Jul 26, 2021 Common Stock 723 $0.56 Direct F2, F4, F6
transaction NABL Stock Option Other +329 329 Jul 26, 2021 Common Stock 329 $0.43 Direct F2, F4, F6
transaction NABL Stock Option Other +723 723 Jul 26, 2021 Common Stock 723 $0.56 Direct F2, F4, F6
transaction NABL Stock Option Other +460 460 Jul 26, 2021 Common Stock 460 $0.43 Direct F2, F4, F6
transaction NABL Stock Option Other +1.01K 1.01K Jul 26, 2021 Common Stock 1.01K $0.56 Direct F2, F4, F6
transaction NABL Stock Option Other +460 460 Jul 26, 2021 Common Stock 460 $0.43 Direct F2, F4, F6
transaction NABL Stock Option Other +1.01K 1.01K Jul 26, 2021 Common Stock 1.01K $0.56 Direct F2, F4, F6
transaction NABL Stock Option Other +197 197 Jul 26, 2021 Common Stock 197 $0.43 Direct F2, F4, F6
transaction NABL Stock Option Other +434 434 Jul 26, 2021 Common Stock 434 $0.56 Direct F2, F4, F6
transaction NABL Stock Option Other +197 197 Jul 26, 2021 Common Stock 197 $0.43 Direct F2, F4, F6
transaction NABL Stock Option Other +434 434 Jul 26, 2021 Common Stock 434 $0.56 Direct F2, F4, F6
transaction NABL Stock Option Other +2.63K 2.63K Jul 26, 2021 Common Stock 2.63K $0.43 Direct F2, F4, F6
transaction NABL Stock Option Other +7.24K 7.24K Jul 26, 2021 Common Stock 7.24K $0.56 Direct F2, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units ("RSUs") of SolarWinds Corporation ("SolarWinds") assumed by Issuer in connection with the spin-off of Issuer from SolarWinds completed on July 19, 2021 (the "Spin-Off") and converted into RSUs of Issuer, with the reporting person receiving a number of Issuer RSUs equal to the number of SolarWinds RSUs multiplied by 1.3162 (rounded down to the nearest whole number of shares). The RSUs vest as follows: (a) 6,550 vest on February 1, 2022, (b) with respect to 21,059 RSUs, 10,529 vest on October 23, 2021 and 10,530 vest on October 23, 2022, (c) with respect to 22,279 RSUs, 9.09% vest each quarter over the following eleven quarters on the vesting dates of May 15, August 15, November 15 and February 15, (d) with respect to 21,605 RSUs, 10,802 vest on February 15, 2022 and 10,803 vest on February 15, 2023 and (e) 4,213 vest on February 15, 2022, in each case subject to continued service through each applicable date.
F2 Represents stock option awards granted by SolarWinds that have been converted into equity awards (the "Conversion") of the Issuer in connection with the Spin-Off.
F3 These stock options vest on February 15, 2022.
F4 As a result of the Conversion, stock options of SolarWinds were converted into stock options to purchase a number of shares of the Issuer's common stock equal to the number of shares of SolarWinds common stock underlying the stock options multiplied by 1.3162 (rounded down to the nearest whole number of shares), at an exercise price equal to the exercise price of the stock options divided by 1.3162 (rounded up to the nearest whole cent).
F5 At the time of the Conversion, 4,936 of these stock options awards were fully vested and 1,645 of these stock options vest on March 20, 2022.
F6 At the time of the Conversion, these stock options were fully vested.
F7 At the time of the Conversion, 4,344 of these stock options awards were fully vested, 1,447 vest on September 26, 2021 and 1,448 vest on September 26, 2022.