# EDGAR Filing Document

**Accession Number:** 0001834488
**File Stem:** 0001834488-23-000027
**Filing Date:** 2023-2
**Character Count:** 12424
**Document Hash:** 52f9987c5c6be7a5787c2cc25fce7467
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001834488-23-000027.hdr.sgml**: 20230228

**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

## Ex-24

```
<pre>
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
</pre>
```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Colletti Frank<br><sub>(Last) (First) (Middle)</sub><br>30 CORPORATE DR., SUITE 400<br><sub>(Street)</sub><br>BURLINGTON, MA 01803<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Exec VP, Worldwide Sales_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>N-able, Inc. [ NABL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock, par value $0.001 per share | 2023-02-27 |  | M |  | 5262 | A | $0.43 | 390472 | D |  |
| Common Stock, par value $0.001 per share | 2023-02-27 |  | M |  | 14473 | A | $0.57 | 404945 | D |  |
| Common Stock, par value $0.001 per share | 2023-02-27 |  | M |  | 6581 | A | $1.60 | 411526 | D |  |
| Common Stock, par value $0.001 per share | 2023-02-27 |  | S |  | 26316 | D | 11.59<sup>(1)</sup> | 385210 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 1447 | 2022-02-02 | 2031-04-13 | Common Stock | 1447.0 | $0 | 0 | D |  |
| Stock Option | $1.6 | 2023-02-27 |  | M |  |  | 6581 | <sup>(2)</sup> | 2028-03-20 | Common Stock | 6581.0 | $0 | 0 | D |  |
| Stock Option | $0.43 | 2023-02-27 |  | M |  |  | 658 | 2021-07-26<sup>(3)</sup> | 2027-06-08 | Common Stock | 658.0 | $0 | 0 | D |  |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 1447 | 2021-07-26<sup>(3)</sup> | 2027-09-26 | Common Stock | 1447.0 | $0 | 0 | D |  |
| Stock Option | $0.43 | 2023-02-27 |  | M |  |  | 329 | 2021-07-26<sup>(3)</sup> | 2028-03-20 | Common Stock | 329.0 | $0 | 0 | D |  |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 723 | 2021-07-26<sup>(3)</sup> | 2028-03-20 | Common Stock | 723.0 | $0 | 0 | D |  |
| Stock Option | $0.43 | 2023-02-27 |  | M |  |  | 329 | 2021-07-26<sup>(3)</sup> | 2028-03-20 | Common Stock | 329.0 | $0 | 0 | D |  |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 723 | 2021-07-26<sup>(3)</sup> | 2028-03-20 | Common Stock | 723.0 | $0 | 0 | D |  |
| Stock Option | $0.43 | 2023-02-27 |  | M |  |  | 460 | 2021-07-26<sup>(3)</sup> | 2028-03-20 | Common Stock | 460.0 | $0 | 0 | D |  |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 1013 | 2021-07-26<sup>(3)</sup> | 2028-03-20 | Common Stock | 1013.0 | $0 | 0 | D |  |
| Stock Option | $0.43 | 2023-02-27 |  | M |  |  | 460 | 2021-07-26<sup>(3)</sup> | 2030-06-23 | Common Stock | 460.0 | $0 | 0 | D |  |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 1013 | 2021-07-26<sup>(3)</sup> | 2030-06-23 | Common Stock | 1013.0 | $0 | 0 | D |  |
| Stock Option | $0.43 | 2023-02-27 |  | M |  |  | 197 | 2021-07-26<sup>(3)</sup> | 2030-06-23 | Common Stock | 197.0 | $0 | 0 | D |  |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 434 | 2021-07-26<sup>(3)</sup> | 2030-06-23 | Common Stock | 434.0 | $0 | 0 | D |  |
| Stock Option | $0.43 | 2023-02-27 |  | M |  |  | 197 | 2021-07-26<sup>(3)</sup> | 2030-06-23 | Common Stock | 197.0 | $0 | 0 | D |  |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 434 | 2021-07-26<sup>(3)</sup> | 2030-06-23 | Common Stock | 434.0 | $0 | 0 | D |  |
| Stock Option | $0.43 | 2023-02-27 |  | M |  |  | 2632 | 2021-07-26<sup>(3)</sup> | 2027-06-08 | Common Stock | 2632.0 | $0 | 0 | D |  |
| Stock Option | $0.57 | 2023-02-27 |  | M |  |  | 7239 | <sup>(4)</sup> | 2027-09-26 | Common Stock | 7239.0 | $0 | 0 | D |  |

---

### Footnotes:

(1) 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.

(2) 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.

(3) At the time of the Conversion, these stock options were fully vested.

(4) 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.

**Signature:** /s/ Kate Salley, Attorney-in-Fact for Frank Colletti  
**Date:** 2023-02-28

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**