Form 4: N-able Inc. Executive VP, Chief Revenue Officer Frank Colletti Sells 10,000 Shares

Frank Colletti, EVP, Chief Revenue Officer of N-able, Inc., sold 10,000 shares of common stock at an average price of $12.86 on August 13, 2024.

Summary

• On August 13, 2024, Frank Colletti, the EVP, Chief Revenue Officer of N-able, Inc., sold 10,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $12.86 per share, with individual transactions ranging from $12.85 to $12.90.
• Following the reported transaction, Colletti directly owns 443,475 shares of N-able, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by an executive.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. However, large or frequent sales can sometimes be viewed negatively by investors.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, depending on the size of the sale and the market's perception of the executive's actions.

Key Dates