Adler Michael I 4

What Happened

• Michael I. Adler, EVP and Chief Technology & Product Officer (CTPO) of N‑able, had 4,585 shares withheld to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withholding was recorded at $3.32 per share, totaling approximately $15,222. This was a routine tax-withholding disposition (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-05-15
• Price used for withholding: $3.32 per share
• Shares withheld/disposed: 4,585 — total value ≈ $15,222
• Transaction code: F (shares withheld for tax withholding on RSU vesting); footnote confirms net settlement to cover tax obligations
• Shares owned after the transaction: not reported in the provided filing
• Filing date: 2026-05-19 — filed within the standard two-business-day Form 4 window for a 2026-05-15 transaction (timely)

Context

• Shares withheld to satisfy taxes are a common, administrative action when equity awards vest and do not necessarily indicate insider sentiment (they are neither a directed sale nor a buy). This was a net-share settlement (tax withholding) of vested RSUs rather than a market sale or exercise-for-cash transaction.