[SCHEDULE 13G] N-able, Inc. SEC Filing

Rhea-AI Filing Summary

The Vanguard Group has filed a Schedule 13G disclosing a passive ownership stake in N-able Inc. (NABL).

• Beneficial ownership: 10,133,577 common shares.
• Percent of outstanding class: 5.35% (triggering the 5% reporting threshold).
• Voting power: Sole – 0; Shared – 47,071.
• Dispositive power: Sole – 10,000,613; Shared – 132,964.
• Reporting entity: The Vanguard Group, an investment adviser organized in Pennsylvania.
• Date of event: 30 Jun 2025; filing signed 29 Jul 2025 by Ashley Grim, Head of Global Fund Administration.

The filing confirms that Vanguard’s clients, including its mutual funds and other managed accounts, hold the shares in the ordinary course of business and are not seeking to influence control of N-able. Schedule 13G indicates a passive, long-term investment posture rather than an activist position.

Positive

• Vanguard’s 5.35% stake adds a large, reputable institutional holder, enhancing market confidence and liquidity.

Negative

• None.

Insights

Portfolio Manager

TL;DR: Vanguard now owns 5.35% of NABL, signalling institutional confidence but no activism—minor positive sentiment, limited immediate impact.

Vanguard’s passive stake crosses the 5% threshold, adding N-able to the roster of companies with major index-fund ownership. Because Vanguard has zero sole voting power and minimal shared voting (≈0.02% of shares), the firm is unlikely to influence governance or strategic direction. From a market-liquidity perspective, the 10.1 million-share position (≈$—depending on price) expands NABL’s institutional base, which can lower volatility and support valuation multiples. However, passive funds may also create an overhang if redemptions occur. Overall, the disclosure is noteworthy but not materially transformative for the investment case.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

N-able Inc/US

(Name of Issuer)

Common Stock

(Title of Class of Securities)

62878D100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 62878D100

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 47,071.00
7	Sole Dispositive Power 10,000,613.00
8	Shared Dispositive Power 132,964.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,133,577.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.35 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: N-able Inc/US
(b)	Address of issuer's principal executive offices: 201 EDGEWATER DR, Wakefield, MA, 01880
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 62878D100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10133577
(b)	Percent of class: 5.35 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 47071
	(iii) Sole power to dispose or to direct the disposition of: 10000613
	(iv) Shared power to dispose or to direct the disposition of: 132964
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	07/29/2025

FAQ

How many N-able (NABL) shares does Vanguard now own?

10,133,577 common shares as of 30 Jun 2025.

What percentage of N-able’s outstanding stock is held by Vanguard?

Vanguard’s position represents 5.35% of the common shares.

Is Vanguard’s filing activist or passive?

The Schedule 13G indicates a passive investment; Vanguard states it is not seeking to influence control.

Does Vanguard have voting power over the shares?

It reports 0 sole voting power and 47,071 shared voting power, reflecting minimal governance influence.

Who signed the Schedule 13G for Vanguard?

The filing was signed by Ashley Grim, Head of Global Fund Administration, on 29 Jul 2025.