Form 4: N-able Executive Frank Colletti Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Frank Colletti, EVP and Chief Revenue Officer of N-able, Inc., sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 15, 2025, Frank Colletti, EVP and Chief Revenue Officer of N-able, Inc., disposed of 45,125 shares of common stock.
- The shares were sold at a price of $9.93 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Colletti beneficially owns 382,548 shares of N-able, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes), so the sentiment is neutral.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of transaction: Frank Colletti sold shares of N-able, Inc. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
N-able, Frank Colletti, share sale, Form 4, EVP, Chief Revenue Officer, tax obligations, restricted stock units, beneficial ownership
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