Form 4: N-able Inc. Executive Kathleen Pai Reports Stock Sales

Kathleen Pai, EVP and Chief People Officer of N-able, Inc., reported the sale of company stock in two transactions on June 24 and June 25, 2024, under a pre-arranged trading plan.

Summary

• Kathleen Pai, the EVP and Chief People Officer of N-able, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 24, 2024, Pai sold 4,709 shares of common stock at a weighted average price of $15.04 per share.
• These shares were sold in multiple transactions with prices ranging from $15.00 to $15.15.
• On June 25, 2024, Pai sold an additional 300 shares at $15 per share.
• Following these transactions, Pai directly owns 551,584 shares of N-able, Inc.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 22, 2023.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by an executive under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
• The sales do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates