Kathleen Pai (NABL) reports RSU tax-withholding sale of 4,153 shares

Rhea-AI Filing Summary

N-able, Inc. (NABL) insider filing by Kathleen Pai reports a transaction on 08/15/2025 in which 4,153 shares of common stock were disposed of under code F, indicating shares were withheld to satisfy tax withholding upon vesting of restricted stock units. The disposition price reported is $7.64 per share. Following the transaction, Ms. Pai is shown as beneficially owning 518,640 shares in a direct ownership form. The filing lists Ms. Pai's role as EVP, Chief People Officer and the form is signed by an attorney-in-fact on 08/19/2025.

Positive

• Shares retained: Reporting person continues to beneficially own 518,640 shares after the transaction
• Transaction is administrative: Disposition coded F, indicating withholding to satisfy tax obligations rather than an open-market sale

Negative

• Shares reduced: 4,153 shares were disposed of at $7.64 per share, decreasing direct holdings
• No information on timing of RSU vesting schedule: Filing does not provide details beyond the withholding event

Insights

Securities Analyst

TL;DR: Routine tax-withholding sale tied to RSU vesting; no material change in overall ownership.

The Form 4 documents a common, administrative disposition coded F where 4,153 shares were withheld to cover taxes on vested restricted stock units at $7.64 per share. Such transactions typically reflect compensation mechanics rather than open-market trading decisions. The remaining direct beneficial ownership of 518,640 shares suggests continued substantial alignment with shareholder interests. There is no indication in this filing of opportunistic selling or additional arrangements affecting control.

Corporate Governance Expert

TL;DR: Administrative withholding for taxes; governance implications are minimal based on this filing alone.

This disclosure shows an internal, compliance-driven disposition to satisfy tax obligations on equity compensation. The filing identifies Ms. Pai as an executive (EVP, Chief People Officer) and reports direct ownership post-transaction. From a governance perspective, the transaction is routine and does not signal leadership turnover or a change in board/executive stakes. No additional derivative transactions or planned sale indicators are present.

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^*

Pai Kathleen

(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 People 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		4,153(1)	D	$7.64	518,640	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 Kathleen Pai	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 Kathleen Pai report on Form 4 for NABL?

The Form 4 reports a disposition of 4,153 shares on 08/15/2025 coded F (shares withheld for tax withholding) at $7.64 per share.

How many N-able (NABL) shares does Kathleen Pai beneficially own after the transaction?

The filing reports Ms. Pai beneficially owns 518,640 shares following the reported transaction.

Why were the 4,153 NABL shares disposed of under code F?

The filing's explanation states the shares were withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

What is Kathleen Pai's role at N-able according to the Form 4?

The form lists Ms. Pai as an EVP, Chief People Officer and indicates the filing was made by one reporting person.

When was the Form 4 signed and who signed it?

The filing is signed by Kate Salley, Attorney-in-Fact for Kathleen Pai on 08/19/2025.