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

N-able's Executive Vice President and Chief Technology and Product Officer, Michael Adler, sold 4,293 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Michael Adler, Executive Vice President and Chief Technology and Product Officer at N-able, Inc., sold 4,293 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 associated with the vesting of restricted stock units.
• Following the transaction, Adler directly owns 421,962 shares of N-able common stock.

Sentiment

Score: 5

Explanation: This is a neutral event, as it is a routine transaction for an executive to cover tax obligations. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

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

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price are specific to this executive and company, but the underlying reason for the sale is typical.
• Similar transactions can be observed in filings of other technology companies such as Solarwinds, Datto, and ConnectWise.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

N-able, Michael Adler, stock sale, executive, restricted stock units, tax obligations, insider trading, NABL