N-able, Inc. — Director's Dealing 2021

Jul 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: N-able, Inc. (NABL)
CIK: 0001834488
Period of Report: 2021-07-26

Reporting Person: Colletti Frank (Exec VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-26	Common Stock, par value $0.001 per share	A	75706	—	Acquired	188645	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-26	Stock Option	$0.56	J	1447	Acquired	2031-04-13	Common Stock (1447.0)	Direct
2021-07-26	Stock Option	$1.6	J	6581	Acquired	2028-03-20	Common Stock (6581.0)	Direct
2021-07-26	Stock Option	$0.43	J	658	Acquired	2027-06-08	Common Stock (658.0)	Direct
2021-07-26	Stock Option	$0.56	J	1447	Acquired	2027-09-26	Common Stock (1447.0)	Direct
2021-07-26	Stock Option	$0.43	J	329	Acquired	2028-03-20	Common Stock (329.0)	Direct
2021-07-26	Stock Option	$0.56	J	723	Acquired	2028-03-20	Common Stock (723.0)	Direct
2021-07-26	Stock Option	$0.43	J	329	Acquired	2028-03-20	Common Stock (329.0)	Direct
2021-07-26	Stock Option	$0.56	J	723	Acquired	2028-03-20	Common Stock (723.0)	Direct
2021-07-26	Stock Option	$0.43	J	460	Acquired	2028-03-20	Common Stock (460.0)	Direct
2021-07-26	Stock Option	$0.56	J	1013	Acquired	2028-03-20	Common Stock (1013.0)	Direct
2021-07-26	Stock Option	$0.43	J	460	Acquired	2030-06-23	Common Stock (460.0)	Direct
2021-07-26	Stock Option	$0.56	J	1013	Acquired	2030-06-23	Common Stock (1013.0)	Direct
2021-07-26	Stock Option	$0.43	J	197	Acquired	2030-06-23	Common Stock (197.0)	Direct
2021-07-26	Stock Option	$0.56	J	434	Acquired	2030-06-23	Common Stock (434.0)	Direct
2021-07-26	Stock Option	$0.43	J	197	Acquired	2030-06-23	Common Stock (197.0)	Direct
2021-07-26	Stock Option	$0.56	J	434	Acquired	2030-06-23	Common Stock (434.0)	Direct
2021-07-26	Stock Option	$0.43	J	2632	Acquired	2027-06-08	Common Stock (2632.0)	Direct
2021-07-26	Stock Option	$0.56	J	7239	Acquired	2027-09-26	Common Stock (7239.0)	Direct

Footnotes

F1: Reflects restricted stock units ("RSUs") of SolarWinds Corporation ("SolarWinds") assumed by Issuer in connection with the spin-off of Issuer from SolarWinds completed on July 19, 2021 (the "Spin-Off") and converted into RSUs of Issuer, with the reporting person receiving a number of Issuer RSUs equal to the number of SolarWinds RSUs multiplied by 1.3162 (rounded down to the nearest whole number of shares). The RSUs vest as follows: (a) 6,550 vest on February 1, 2022, (b) with respect to 21,059 RSUs, 10,529 vest on October 23, 2021 and 10,530 vest on October 23, 2022, (c) with respect to 22,279 RSUs, 9.09% vest each quarter over the following eleven quarters on the vesting dates of May 15, August 15, November 15 and February 15, (d) with respect to 21,605 RSUs, 10,802 vest on February 15, 2022 and 10,803 vest on February 15, 2023 and (e) 4,213 vest on February 15, 2022, in each case subject to continued service through each applicable date.

F2: Represents stock option awards granted by SolarWinds that have been converted into equity awards (the "Conversion") of the Issuer in connection with the Spin-Off.

F3: These stock options vest on February 15, 2022.

F4: As a result of the Conversion, stock options of SolarWinds were converted into stock options to purchase a number of shares of the Issuer's common stock equal to the number of shares of SolarWinds common stock underlying the stock options multiplied by 1.3162 (rounded down to the nearest whole number of shares), at an exercise price equal to the exercise price of the stock options divided by 1.3162 (rounded up to the nearest whole cent).

F5: At the time of the Conversion, 4,936 of these stock options awards were fully vested and 1,645 of these stock options vest on March 20, 2022.

F6: At the time of the Conversion, these stock options were fully vested.

F7: At the time of the Conversion, 4,344 of these stock options awards were fully vested, 1,447 vest on September 26, 2021 and 1,448 vest on September 26, 2022.