Colletti Frank 4

What Happened

• Frank Colletti, Executive Vice President & Chief Revenue Officer of N-able, had 64,999 performance stock units (PSUs) convert to common shares on Feb 4, 2026 (award/acquisition code A). The award shares are recorded at $0.00 per share (no purchase price).
• To cover tax withholding related to the vesting, 11,941 of those shares were withheld/disposed at $5.59 per share for a withholding value of $66,750 (code F). Net shares delivered to Colletti = 64,999 − 11,941 = 53,058 shares.
• This is an award/vesting event (receives shares) with a routine tax-withholding disposition, not an open-market buy or sale.

Key Details

• Transaction dates: vesting/acquisition and withholding occurred on Feb 4, 2026; Form 4 filed Feb 6, 2026 (timely filing).
• Reported transactions: A (award/acquisition) — 64,999 shares @ $0.00; F (tax withholding) — 11,941 shares @ $5.59, value $66,750.
• Shares owned after transaction: not specified in the provided filing.
• Relevant footnotes: F1 — PSUs awarded under the 2021 Equity Incentive Plan; performance criteria were met and the PSUs vest in three equal installments (Feb 4, 2026; Feb 15, 2027; Feb 15, 2028) subject to continued service. F2 — the 11,941 shares were withheld to satisfy tax withholding obligations.
• Filing timeliness: The Form 4 was filed two days after the Feb 4 transaction (filed Feb 6), which is within the standard reporting window.

Context

• These were performance-based restricted shares vesting to the executive, not an open-market purchase or sale intended to express market sentiment. The partial disposition was solely to satisfy tax withholding.
• For retail investors, vesting awards are routine compensation events; they provide insider ownership information but do not necessarily indicate a directional view on the stock.