Form 4: N-able Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael I. Adler, EVP and CTPO of N-able, Inc., sold shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 15, 2025, Michael I. Adler, the EVP and CTPO of N-able, Inc., disposed of 22,744 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a price of $9.93 per share.
- Following the transaction, Adler directly owns 399,218 shares of N-able, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Executive stock sales for tax purposes are a common occurrence, especially around vesting events for restricted stock units. This is a normal part of executive compensation and wealth management.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of transaction: Sale of common stock. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
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