N-able CEO Pagliuca Withholds 20,533 Shares After RSU Vesting

Rhea-AI Filing Summary

Insider share withholding to cover taxes following RSU vesting. John Pagliuca, President and CEO and a director of N-able, Inc. (NABL), had 20,533 shares of common stock withheld on 08/15/2025 at an effective price of $7.64 per share to satisfy tax-withholding obligations related to the vesting of restricted stock units. After this transaction, Pagliuca beneficially owned 1,637,101 shares, reported as direct ownership.

The Form 4 was signed by an attorney-in-fact on 08/19/2025 and identifies the transaction code "F" with an explanatory remark that shares were withheld for taxes. No derivative transactions or additional changes in indirect ownership are reported in this filing.

Insights

Financial Analyst

TL;DR: Insider withholding of 20,533 shares for taxes is routine and non-dispositive; beneficial ownership remains material at 1.64M shares.

The filing shows a non-derivative disposition coded "F" indicating share withholding to cover tax obligations on vested restricted stock units. The reported price of $7.64 is the per-share value used for the withholding calculation; the transaction reduced the reporting person's direct share count by 20,533 shares leaving 1,637,101 shares beneficially owned. This is a routine administrative action that does not indicate an active open-market sale or change in control. No new options, grants, or derivative positions are reported.

Corporate Governance Expert

TL;DR: Transaction is administrative (tax withholding) following RSU vesting; disclosure is timely and appropriately coded.

The Form 4 appropriately uses transaction code "F" and includes an explanatory note that shares were withheld to satisfy tax-withholding obligations arising from vesting of restricted stock units. The signature by an attorney-in-fact and the reporting of direct beneficial ownership are consistent with disclosure requirements. There are no indications of additional indirect ownership or coordinated group filings in this report.

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

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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^*

Pagliuca John

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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		20,533(1)	D	$7.64	1,637,101	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 John Pagliuca	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 transaction did John Pagliuca report on the Form 4 for NABL?

The Form 4 reports 20,533 shares of common stock withheld on 08/15/2025 at $7.64 per share to satisfy tax-withholding obligations from RSU vesting.

How many NABL shares does John Pagliuca beneficially own after the transaction?

After the reported withholding, Pagliuca beneficially owned 1,637,101 shares of N-able, Inc. common stock.

What does transaction code "F" mean on this Form 4?

In this filing, code "F" is used for shares withheld to satisfy tax-withholding obligations related to vested restricted stock units, as explained in the form's remarks.

Were any derivative securities reported in this Form 4 for NABL?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

Who signed the Form 4 and when?

The Form 4 was signed by Kate Salley, Attorney-in-Fact for John Pagliuca, on 08/19/2025.