Form 4: N-able Executive Kathleen Pai Sells Shares to Cover Tax Obligations

N-able's EVP, Chief People Officer, Kathleen Pai, sold 4,264 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Kathleen Pai, EVP, Chief People Officer at N-able, Inc., sold 4,264 shares of common stock on November 15, 2024.
• The sale was executed at a price of $10.8 per share.
• This transaction was to cover tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Ms. Pai beneficially owns 446,519 shares of N-able common stock.
• This includes 18,399 shares received during the spin-off from SolarWinds in July 2021.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• Similar transactions are regularly reported by executives at comparable technology companies.
• The volume of shares sold is relatively small compared to the total shares owned by the executive, which is typical for tax-related sales.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
• The sale does not indicate any change in the executive's confidence in the company.

Key Dates

Keywords

N-able, Kathleen Pai, stock sale, executive, restricted stock units, tax obligations, insider trading, share transaction