[Form 4] N-able, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Timothy O'Brien, EVP and Chief Financial Officer of N-able, Inc. (NABL), reported a transaction dated 08/15/2025. The filing shows 9,426 shares of Common Stock were disposed of under Code F at a price of $7.64 per share; the filing explains these were shares withheld to satisfy tax withholding obligations related to the vesting of restricted stock units. After the transaction O'Brien beneficially owns 606,600 shares. The Form 4 was signed by an attorney-in-fact on 08/19/2025. The report is a routine insider tax-withholding disposition rather than an open-market trade or new grant.

Positive

• Insider retains significant ownership: Reporting person beneficially owns 606,600 shares after the transaction.
• Transaction disclosed as tax withholding: The filing clearly states the 9,426 shares were withheld to satisfy tax withholding obligations on vested RSUs, indicating administrative, not opportunistic, selling.
• Timely and properly signed filing: Form 4 is executed by an attorney-in-fact and dated 08/19/2025, supporting regulatory compliance.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine tax-withholding disposition; no clear change to insider's economic interest.

The 9,426-share disposition at $7.64 per share is recorded as Code F, and the filing explicitly states the shares were withheld to satisfy taxes on vested RSUs. That treatment means the disposal did not indicate a directional open-market sale for liquidity or signaling purposes. The remaining beneficial ownership of 606,600 shares preserves a substantial insider stake. On its face this transaction is neutral for valuation models; it neither raises immediate red flags nor provides new capital to the issuer.

Corporate Governance Expert

TL;DR: Standard administrative action to meet withholding; governance impact is minimal.

The Form 4 shows the transaction was executed under standard tax-withholding mechanics following RSU vesting rather than a discretionary sale. The filing is timely and signed by an authorized attorney-in-fact, indicating compliance with disclosure rules. From a governance perspective, this is routine and does not reflect a change in board or management alignment. Documentation of the withholding in the remarks enhances transparency.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

O'Brien Tim James

(Last) (First) (Middle)

30 CORPORATE DR., SUITE 400

(Street)

BURLINGTON MA 01803

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
N-able, Inc. [ NABL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	08/15/2025		F		9,426(1)	D	$7.64	606,600	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units.

Remarks:

	/s/ Kate Salley, Attorney-in-Fact for Timothy O'Brien	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Timothy O'Brien report on the Form 4 for NABL?

He reported the disposition of 9,426 shares on 08/15/2025, withheld to satisfy taxes related to vesting of restricted stock units.

How many NABL shares does Timothy O'Brien beneficially own after the transaction?

606,600 shares beneficially owned following the reported transaction.

At what price were the 9,426 NABL shares disposed of?

$7.64 per share is the reported price for the transaction coded as F.

What does Transaction Code F indicate on a Form 4?

Code F is used for dispositions by filing persons that are required to be reported; here the remarks state the shares were withheld for tax withholding on RSU vesting.

When was the Form 4 signed and filed?

Signed by an attorney-in-fact on 08/19/2025; the transaction is dated 08/15/2025 as reported in the Form 4.