Form 4: N-able Executive Frank Colletti Reports Stock Transaction
SEC Form 4
Frank Colletti, EVP and Chief Revenue Officer of N-able, Inc., reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 15, 2025, Frank Colletti, EVP and Chief Revenue Officer of N-able, Inc., disposed of 7,088 shares of common stock to cover tax withholding obligations.
- The transaction was executed at a price of $8.08 per share.
- Following the transaction, Colletti directly owns 496,168 shares of N-able common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, and does not contain any information that would significantly impact sentiment positively or negatively.
Industry Context
This is a routine Form 4 filing, reflecting a common practice of executives selling shares to cover tax obligations upon the vesting of restricted stock units. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of stock transaction where 7,088 shares were disposed of to cover tax obligations. |
| 05/19/2025 | Date of signature for the Form 4 filing. |
Keywords
N-able, Frank Colletti, stock transaction, Form 4, beneficial ownership, EVP, Chief Revenue Officer, tax withholding, restricted stock units
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