Adler Michael I 4

What Happened

• Michael I. Adler, Executive Vice President & Chief Technology Product Officer of N‑able, received 69,062 shares on Feb 4, 2026 as performance stock units that vested. The Form 4 records the award acquisition at $0.00 per share (code A).
• To satisfy tax withholding obligations related to the vesting, 7,976 shares were surrendered/withheld (code F) at a reported per‑share price of $5.59, yielding $44,586 in withholding. Net shares delivered to Adler from this vesting event were 61,086 (69,062 granted minus 7,976 withheld).

Key Details

• Transaction date: 2026-02-04; Form 4 filed 2026-02-06 (no late filing indicated).
• Award: 69,062 performance stock units vested (recorded acquisition price $0.00).
• Tax withholding: 7,976 shares withheld at $5.59/share for $44,586 (reported as disposal to satisfy tax obligations).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: These were performance stock units under the 2021 Equity Incentive Plan; vesting satisfied for the first tranche (vest schedule: Feb 4, 2026; Feb 15, 2027; Feb 15, 2028, subject to continued service).
  • F2: Withheld shares were used to cover tax withholding on the vested PSUs.

Context

• This was an award/vesting event (compensation), not an open‑market purchase or sale. The withholding of shares to cover taxes is a routine cashless settlement practice and does not necessarily signal a change in the insider’s view of the company.