Form 4 for NABL N-able, Inc.
Accepted 2021-07-21 00:00:00 ET · period of report 2021-07-19 · accession 0001628280-21-014170 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021-07-21 | 2021-07-19 | NABL | SolarWinds Corp | 10% | J - Other | — | -158.23M | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.001 per share | 2021-07-19 | J | D | 158,231,020 | — | 0 | D | — | — | (F2) Pursuant to the Amended and Restated Certificate of Incorporation of N-able filed by N-able with the Secretary of the State of Delaware on July 16, 2021, on July 16, 2021, the 1,000 outstanding shares of common stock of N-able were automatically converted into an aggregate of 158,231,020 fully-paid and nonassessable shares of common stock of N-able (the "Recapitalization"). The Recapitalization was exempt pursuant to Rules 16a-9 and 16b-7 under the Exchange Act and did not result in a change in the pecuniary interest of SolarWinds in N-able. (F3) On July 19, 2021, 158,231,020 shares of common stock of N-able were distributed by SolarWinds by way of a pro rata dividend to its stockholders (the "Distribution"), which was exempt from Section 16 pursuant to Rule 16a-9 under the Exchange Act. As a result of the Distribution, SolarWinds no longer beneficially owns any shares of N-able and consequently is no longer subject to the requirements of Section 16 of the Exchange Act with respect to N-able. (F1) On July 19, 2021, due to an internal distribution of the common stock of N-able, Inc. ("N-able"), a Delaware corporation, to SolarWinds Corporation ("SolarWinds"), a Delaware corporation, by certain wholly owned subsidiaries of SolarWinds, SolarWinds became the direct owner of the 1,000 shares of common stock of N-able. This internal distribution was exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16a-13 under the Exchange Act. |