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

Rhea-AI Filing Summary

Michael I. Adler, an officer (EVP, CTPO) of N-able, Inc. (NABL), reported a sale of company common stock on 08/19/2025. The filing shows 31,728 shares were sold at a weighted-average price of $7.72 per share, with prices in the range of $7.675 to $7.760 as noted by the reporting person. After the transaction, the reporting person beneficially owned 468,555 shares, shown as direct ownership. No derivative securities were reported. The Form 4 was signed by an attorney-in-fact on 08/20/2025.

Insights

Securities Analyst

TL;DR: Routine insider sale disclosed: 31,728 shares sold at a weighted average $7.72; remaining direct holdings 468,555 shares.

This Form 4 documents an open-market sale by an executive rather than exercises or derivative transactions. The weighted-average sale price and the explicit price range provide transparency on execution. The filing does not indicate a change in officer status or any compensatory equity grant activity. For investors, this is a disclosure of liquidity by an insider but contains no other operational or financial detail about the company.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 reporting: sale recorded and signed by attorney-in-fact; no indicia of material event beyond the sale.

The report identifies the reporting persons role as EVP, CTPO and confirms direct beneficial ownership after sale. The signature by an attorney-in-fact is properly noted. There are no derivative holdings or amendments reported. From a governance perspective, this appears to be a standard Section 16 disclosure of insider trading activity without additional governance concerns raised in the filing itself.

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^*

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)
08/19/2025

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	08/19/2025		S		31,728	D	$7.72(1)	468,555	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 $7.675 to $7.760, 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 Michael Adler	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 transaction did Michael I. Adler report on Form 4 for NABL?

The filing reports a sale of 31,728 shares of N-able, Inc. common stock on 08/19/2025.

At what price were the NABL shares sold according to the Form 4?

The shares were sold at a weighted-average price of $7.72 per share, with individual transaction prices ranging from $7.675 to $7.760.

How many NABL shares did the reporting person own after the reported transaction?

After the sale the reporting person beneficially owned 468,555 shares, shown as direct ownership.

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

No. The filing contains no entries in Table II; only a non-derivative sale is reported in Table I.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Kate Salley, Attorney-in-Fact for Michael Adler on 08/20/2025.