0001834488-23-000027.txt : 20230228 0001834488-23-000027.hdr.sgml : 20230228 20230228164348 ACCESSION NUMBER: 0001834488-23-000027 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230227 FILED AS OF DATE: 20230228 DATE AS OF CHANGE: 20230228 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Colletti Frank CENTRAL INDEX KEY: 0001856752 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40297 FILM NUMBER: 23686368 MAIL ADDRESS: STREET 1: 30 CORPORATE DRIVE STREET 2: 4TH FLOOR CITY: BURLINGTON STATE: MA ZIP: 01803 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: N-able, Inc. CENTRAL INDEX KEY: 0001834488 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 854069861 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1209 ORANGE STREET CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 5126829300 MAIL ADDRESS: STREET 1: 1209 ORANGE STREET CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER COMPANY: FORMER CONFORMED NAME: N-able, LLC DATE OF NAME CHANGE: 20210323 FORMER COMPANY: FORMER CONFORMED NAME: SWI Spinco, LLC DATE OF NAME CHANGE: 20201202 4 1 wf-form4_167762060294531.xml FORM 4 X0306 4 2023-02-27 0 0001834488 N-able, Inc. NABL 0001856752 Colletti Frank 30 CORPORATE DR., SUITE 400 BURLINGTON MA 01803 0 1 0 0 Exec VP, Worldwide Sales Common Stock, par value $0.001 per share 2023-02-27 4 M 0 5262 0.43 A 390472 D Common Stock, par value $0.001 per share 2023-02-27 4 M 0 14473 0.57 A 404945 D Common Stock, par value $0.001 per share 2023-02-27 4 M 0 6581 1.60 A 411526 D Common Stock, par value $0.001 per share 2023-02-27 4 S 0 26316 11.59 D 385210 D Stock Option 0.57 2023-02-27 4 M 0 1447 0 D 2022-02-02 2031-04-13 Common Stock 1447.0 0 D Stock Option 1.6 2023-02-27 4 M 0 6581 0 D 2028-03-20 Common Stock 6581.0 0 D Stock Option 0.43 2023-02-27 4 M 0 658 0 D 2021-07-26 2027-06-08 Common Stock 658.0 0 D Stock Option 0.57 2023-02-27 4 M 0 1447 0 D 2021-07-26 2027-09-26 Common Stock 1447.0 0 D Stock Option 0.43 2023-02-27 4 M 0 329 0 D 2021-07-26 2028-03-20 Common Stock 329.0 0 D Stock Option 0.57 2023-02-27 4 M 0 723 0 D 2021-07-26 2028-03-20 Common Stock 723.0 0 D Stock Option 0.43 2023-02-27 4 M 0 329 0 D 2021-07-26 2028-03-20 Common Stock 329.0 0 D Stock Option 0.57 2023-02-27 4 M 0 723 0 D 2021-07-26 2028-03-20 Common Stock 723.0 0 D Stock Option 0.43 2023-02-27 4 M 0 460 0 D 2021-07-26 2028-03-20 Common Stock 460.0 0 D Stock Option 0.57 2023-02-27 4 M 0 1013 0 D 2021-07-26 2028-03-20 Common Stock 1013.0 0 D Stock Option 0.43 2023-02-27 4 M 0 460 0 D 2021-07-26 2030-06-23 Common Stock 460.0 0 D Stock Option 0.57 2023-02-27 4 M 0 1013 0 D 2021-07-26 2030-06-23 Common Stock 1013.0 0 D Stock Option 0.43 2023-02-27 4 M 0 197 0 D 2021-07-26 2030-06-23 Common Stock 197.0 0 D Stock Option 0.57 2023-02-27 4 M 0 434 0 D 2021-07-26 2030-06-23 Common Stock 434.0 0 D Stock Option 0.43 2023-02-27 4 M 0 197 0 D 2021-07-26 2030-06-23 Common Stock 197.0 0 D Stock Option 0.57 2023-02-27 4 M 0 434 0 D 2021-07-26 2030-06-23 Common Stock 434.0 0 D Stock Option 0.43 2023-02-27 4 M 0 2632 0 D 2021-07-26 2027-06-08 Common Stock 2632.0 0 D Stock Option 0.57 2023-02-27 4 M 0 7239 0 D 2027-09-26 Common Stock 7239.0 0 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.50 to $11.70, inclusive. The reporting person undertakes to provide to N-able, Inc., any security holder of N-able, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4. Such stock option awards were granted by SolarWinds Corporation ("SolarWinds") and were converted into equity awards (the "Conversion") of the Issuer in connection with the spin-off of Issuer from SolarWinds completed on July 19, 2021. At the time of the Conversion, 4,936 of these stock options awards were fully vested and 1,645 of these stock options vested on March 20, 2022. At the time of the Conversion, these stock options were fully vested. At the time of the Conversion, 4,344 of these stock options awards were fully vested, 1,447 vested on September 26, 2021 and 1,448 vested on September 26, 2022. /s/ Kate Salley, Attorney-in-Fact for Frank Colletti 2023-02-28 EX-24 2 ex-24.htm COLLETTI POA

POWER OF ATTORNEY
FOR SECTION 16 REPORTING PURPOSES
Know all by these presents, that the undersigned hereby constitutes and appoints each of Tim O'Brien, Peter C. Anastos and Kate Salley, or any of them, signing singly, and with full power of substitution, as the undersigned's true and lawful attorney-in-fact to:
(1)    prepare and execute for and on behalf of the undersigned Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder, and any other forms or reports the undersigned may be required to file in connection with the undersigned's ownership, acquisition or disposition of securities of N-able, Inc. (the "Company");
(2)    do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Form 3, 4 or 5, or other form or report, and timely file such form or report with the United States Securities and Exchange Commission and any stock exchange or similar authority; and
(3)    take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of or legally required by the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the date set forth below.

October 8, 2021

/s/ Frank Colletti
_____________________
Frank Colletti