Ann Johnson Insider Sale: 34,568 NABL Shares Disposed at ~$7.70

Rhea-AI Filing Summary

Ann S. Johnson, a director of N-able, Inc. (NABL), reported the sale of company stock on 08/18/2025. The Form 4 shows she disposed of 34,568 shares of common stock in multiple transactions at a weighted-average price of $7.70, with individual trade prices ranging from $7.70 to $7.72. After the reported sale she beneficially owned 37,424 shares, held directly. The Form 4 was signed on behalf of Ms. Johnson by an attorney-in-fact, Kate Salley, on 08/20/2025. The filer states they can provide a breakdown of shares sold at each price upon request.

Positive

• Transparent disclosure of insider transaction with price range and offer to provide per-trade breakdown on request
• Post-transaction ownership disclosed (37,424 shares), allowing investors to see remaining insider stake

Negative

• Insider sale of 34,568 shares could be viewed negatively by some investors as a director reducing holdings
• No indication in the Form 4 of a 10b5-1 plan or reason for the sale, so motive is not disclosed

Insights

Securities Analyst

TL;DR: A director executed a routine disclosure of a multi-trade sale totaling 34,568 shares at about $7.70 each.

The filing documents a clear, post-trade disclosure by a company director rather than a grant or purchase. The weighted-average sale price of $7.70 with a narrow $7.70–$7.72 range suggests the disposition occurred within a short time window. The remaining direct holding of 37,424 shares is disclosed, and the attorney-in-fact signature indicates an authorized filing. For investors, this is a compliance disclosure of insider selling; it does not on its own reveal motive, timing plan, or material company developments.

Corporate Governance Expert

TL;DR: Form 4 shows compliant reporting of insider sales with documented price range and attorney-in-fact signature.

The report includes necessary elements: transaction date, transaction code 'S' for sale, number of shares sold, weighted-average price, post-transaction beneficial ownership, and an explanatory footnote on price ranges. The attorney-in-fact signature dated 08/20/2025 fulfills signature requirements. This filing is procedural and maintains transparency; it does not indicate corporate governance changes or leadership transitions.

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
Estimated average burden
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^*

Johnson Ann

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		S		34,568	D	$7.7(1)	37,424	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.70 to $7.72, inclusive. The reporting person undertakes to provide to N-able, Inc., any security holder of N-able, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

Remarks:

	/s/ Kate Salley, Attorney-in-Fact for Ann S. Johnson	08/20/2025
	** 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 Ann S. Johnson report on Form 4 for NABL?

She reported selling 34,568 shares of N-able, Inc. common stock on 08/18/2025 at a weighted-average price of $7.70 per share.

How many shares does Ann S. Johnson own after the sale?

37,424 shares beneficially owned, held directly, are reported following the transaction.

What price range were the shares sold at?

Individual trades ranged from $7.70 to $7.72; the Form 4 reports a weighted-average price of $7.70.

When was the Form 4 signed and by whom?

Signed by attorney-in-fact Kate Salley on 08/20/2025 on behalf of Ann S. Johnson.

Does the Form 4 state if the sale was under a 10b5-1 trading plan?

No. The filing does not indicate that the transaction was made pursuant to a 10b5-1 plan.