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

Rhea-AI Filing Summary

N-able, Inc. insider share withholding for taxes reported

N-able, Inc. President and CEO, who also serves as a director, reported a Form 4 transaction dated 11/15/2025. The filing shows that 20,532 shares of common stock were disposed of at a price of $7.51 per share, coded as transaction type “F,” which represents shares withheld by the company to cover tax obligations when restricted stock units vest. After this tax withholding event, the reporting person beneficially owns 1,616,569 shares of N-able common stock in direct ownership. This is an administrative equity compensation and tax event rather than an open-market purchase or sale.

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

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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)
11/15/2025

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	11/15/2025		F		20,532(1)	D	$7.51	1,616,569	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	11/18/2025
	** 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 insider transaction did N-able (NABL) report on this Form 4?

The Form 4 reports that N-able, Inc.’s President and CEO, who is also a director, had 20,532 shares of common stock withheld on 11/15/2025. The transaction is coded “F,” indicating shares were withheld to satisfy tax withholding obligations related to vesting restricted stock units.

At what price were N-able (NABL) shares withheld for taxes in this Form 4?

The Form 4 shows that the 20,532 shares of N-able common stock used for tax withholding were valued at a price of $7.51 per share for this transaction.

How many N-able (NABL) shares does the insider own after this transaction?

Following the reported tax withholding transaction, the reporting person beneficially owns 1,616,569 shares of N-able, Inc. common stock in direct ownership.

What does transaction code "F" mean in the N-able (NABL) Form 4?

In this Form 4, transaction code “F” is used, and the explanation states that it represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

What is the role of the reporting person in N-able (NABL)?

The reporting person in this Form 4 is identified as a Director and an Officer, holding the title of President and CEO of N-able, Inc.

Does this N-able (NABL) Form 4 represent an open-market sale of shares?

No. The Form 4 describes an “F” code transaction, and the explanation clarifies that the 20,532 shares were withheld to cover tax obligations upon RSU vesting, rather than being sold in an open-market trade.