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

Rhea-AI Filing Summary

N-able, Inc. executive Michael Adler reported an insider transaction involving 6,101 shares of common stock on 11/15/2025. The filing shows the shares were withheld to cover tax obligations tied to the vesting of restricted stock units at a price of $7.51 per share, rather than an open-market sale. After this withholding, Adler directly owns 462,454 shares of N-able common stock, indicating this is primarily an administrative tax-settlement event rather than a change in investment stance.

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^*

Adler Michael I

(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, CTPO

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		6,101(1)	D	$7.51	462,454	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 Michael Adler	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 for Michael Adler?

The report shows that Michael Adler, an executive at N-able, had 6,101 shares of common stock withheld on 11/15/2025 to satisfy tax obligations related to vesting restricted stock units.

Was the N-able (NABL) insider transaction an open-market sale?

No. The filing explains that the 6,101 shares were withheld to satisfy tax withholding obligations upon vesting of restricted stock units, rather than sold in the open market.

What price was used for the N-able (NABL) tax share withholding?

The shares withheld for taxes in Michael Adler's transaction were valued at $7.51 per share, as disclosed in the report.

How many N-able (NABL) shares does Michael Adler own after the transaction?

Following the tax withholding transaction, Michael Adler directly owns 462,454 shares of N-able common stock.

What is Michael Adler’s role at N-able (NABL)?

Michael Adler is reported as an officer of N-able with the title EVP, CTPO, indicating a senior executive position.

What transaction code was used in the N-able (NABL) Form 4 filing?

The filing uses transaction code F, which indicates shares were withheld by the issuer to pay tax withholding obligations related to equity awards.