Frank Colletti - Feb 27, 2023 Form 4 Insider Report for N-able, Inc. (NABL)

Role
Exec VP, Worldwide Sales
Signature
/s/ Kate Salley, Attorney-in-Fact for Frank Colletti
Stock symbol
NABL
Transactions as of
Feb 27, 2023
Transactions value $
-$283,961
Form type
4
Date filed
2/28/2023, 03:43 PM
Previous filing
Feb 17, 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 Options Exercise $2.26K +5.26K +1.37% $0.43* 390K Feb 27, 2023 Direct
transaction NABL Common Stock, par value $0.001 per share Options Exercise $8.25K +14.5K +3.71% $0.57* 405K Feb 27, 2023 Direct
transaction NABL Common Stock, par value $0.001 per share Options Exercise $10.5K +6.58K +1.63% $1.60* 412K Feb 27, 2023 Direct
transaction NABL Common Stock, par value $0.001 per share Sale -$305K -26.3K -6.39% $11.59 385K Feb 27, 2023 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 Options Exercise $0 -1.45K -100% $0.00* 0 Feb 27, 2023 Common Stock 1.45K $0.57 Direct
transaction NABL Stock Option Options Exercise $0 -6.58K -100% $0.00* 0 Feb 27, 2023 Common Stock 6.58K $1.60 Direct F2
transaction NABL Stock Option Options Exercise $0 -658 -100% $0.00* 0 Feb 27, 2023 Common Stock 658 $0.43 Direct F3
transaction NABL Stock Option Options Exercise $0 -1.45K -100% $0.00* 0 Feb 27, 2023 Common Stock 1.45K $0.57 Direct F3
transaction NABL Stock Option Options Exercise $0 -329 -100% $0.00* 0 Feb 27, 2023 Common Stock 329 $0.43 Direct F3
transaction NABL Stock Option Options Exercise $0 -723 -100% $0.00* 0 Feb 27, 2023 Common Stock 723 $0.57 Direct F3
transaction NABL Stock Option Options Exercise $0 -329 -100% $0.00* 0 Feb 27, 2023 Common Stock 329 $0.43 Direct F3
transaction NABL Stock Option Options Exercise $0 -723 -100% $0.00* 0 Feb 27, 2023 Common Stock 723 $0.57 Direct F3
transaction NABL Stock Option Options Exercise $0 -460 -100% $0.00* 0 Feb 27, 2023 Common Stock 460 $0.43 Direct F3
transaction NABL Stock Option Options Exercise $0 -1.01K -100% $0.00* 0 Feb 27, 2023 Common Stock 1.01K $0.57 Direct F3
transaction NABL Stock Option Options Exercise $0 -460 -100% $0.00* 0 Feb 27, 2023 Common Stock 460 $0.43 Direct F3
transaction NABL Stock Option Options Exercise $0 -1.01K -100% $0.00* 0 Feb 27, 2023 Common Stock 1.01K $0.57 Direct F3
transaction NABL Stock Option Options Exercise $0 -197 -100% $0.00* 0 Feb 27, 2023 Common Stock 197 $0.43 Direct F3
transaction NABL Stock Option Options Exercise $0 -434 -100% $0.00* 0 Feb 27, 2023 Common Stock 434 $0.57 Direct F3
transaction NABL Stock Option Options Exercise $0 -197 -100% $0.00* 0 Feb 27, 2023 Common Stock 197 $0.43 Direct F3
transaction NABL Stock Option Options Exercise $0 -434 -100% $0.00* 0 Feb 27, 2023 Common Stock 434 $0.57 Direct F3
transaction NABL Stock Option Options Exercise $0 -2.63K -100% $0.00* 0 Feb 27, 2023 Common Stock 2.63K $0.43 Direct F3
transaction NABL Stock Option Options Exercise $0 -7.24K -100% $0.00* 0 Feb 27, 2023 Common Stock 7.24K $0.57 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.50 to $11.70, inclusive. The reporting person undertakes to provide to N-able, Inc., any security holder of N-able, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
F2 Such stock option awards were granted by SolarWinds Corporation ("SolarWinds") and were converted into equity awards (the "Conversion") of the Issuer in connection with the spin-off of Issuer from SolarWinds completed on July 19, 2021. At the time of the Conversion, 4,936 of these stock options awards were fully vested and 1,645 of these stock options vested on March 20, 2022.
F3 At the time of the Conversion, these stock options were fully vested.
F4 At the time of the Conversion, 4,344 of these stock options awards were fully vested, 1,447 vested on September 26, 2021 and 1,448 vested on September 26, 2022.