Form 4 for NABL N-able, Inc.
Accepted 2021-07-28 00:00:00 ET · period of report 2021-07-26 · accession 0001628280-21-014799 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-07-28 | 2021-07-26 | NABL | Colletti Frank | EVP, Worldwide Sales | A - Grant | $0.00 | +75.7K | 188.6K | +67% | $0 |
| DM | 2021-07-28 | 2021-07-26 | NABL | Colletti Frank | EVP, Worldwide Sales | J - Other | — | +26.3K | 197 | New | — |
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 | 2021-07-26 | A | A | 75,706 | $0.00 | 188,645 | D | — | — | (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. |
| 2 | Derivative | Stock Option | 2021-07-26 | J | A | 7,239 | — | 7,239 | D | $0.56 · — to 2027-09-26 | 7,239 Common Stock | (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). (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. |
| 3 | Derivative | Stock Option | 2021-07-26 | J | A | 434 | — | 434 | D | $0.56 · 2021-07-26 to 2030-06-23 | 434 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 4 | Derivative | Stock Option | 2021-07-26 | J | A | 2,632 | — | 2,632 | D | $0.43 · 2021-07-26 to 2027-06-08 | 2,632 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 5 | Derivative | Stock Option | 2021-07-26 | J | A | 1,447 | — | 1,447 | D | $0.56 · — to 2031-04-13 | 1,447 Common Stock | (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). (F3) These stock options vest on February 15, 2022. |
| 6 | Derivative | Stock Option | 2021-07-26 | J | A | 6,581 | — | 6,581 | D | $1.60 · — to 2028-03-20 | 6,581 Common Stock | (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. |
| 7 | Derivative | Stock Option | 2021-07-26 | J | A | 658 | — | 658 | D | $0.43 · 2021-07-26 to 2027-06-08 | 658 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 8 | Derivative | Stock Option | 2021-07-26 | J | A | 1,447 | — | 1,447 | D | $0.56 · 2021-07-26 to 2027-09-26 | 1,447 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 9 | Derivative | Stock Option | 2021-07-26 | J | A | 329 | — | 329 | D | $0.43 · 2021-07-26 to 2028-03-20 | 329 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 10 | Derivative | Stock Option | 2021-07-26 | J | A | 723 | — | 723 | D | $0.56 · 2021-07-26 to 2028-03-20 | 723 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 11 | Derivative | Stock Option | 2021-07-26 | J | A | 329 | — | 329 | D | $0.43 · 2021-07-26 to 2028-03-20 | 329 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 12 | Derivative | Stock Option | 2021-07-26 | J | A | 723 | — | 723 | D | $0.56 · 2021-07-26 to 2028-03-20 | 723 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 13 | Derivative | Stock Option | 2021-07-26 | J | A | 460 | — | 460 | D | $0.43 · 2021-07-26 to 2028-03-20 | 460 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 14 | Derivative | Stock Option | 2021-07-26 | J | A | 1,013 | — | 1,013 | D | $0.56 · 2021-07-26 to 2028-03-20 | 1,013 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 15 | Derivative | Stock Option | 2021-07-26 | J | A | 460 | — | 460 | D | $0.43 · 2021-07-26 to 2030-06-23 | 460 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 16 | Derivative | Stock Option | 2021-07-26 | J | A | 1,013 | — | 1,013 | D | $0.56 · 2021-07-26 to 2030-06-23 | 1,013 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 17 | Derivative | Stock Option | 2021-07-26 | J | A | 197 | — | 197 | D | $0.43 · 2021-07-26 to 2030-06-23 | 197 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 18 | Derivative | Stock Option | 2021-07-26 | J | A | 434 | — | 434 | D | $0.56 · 2021-07-26 to 2030-06-23 | 434 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |
| 19 | Derivative | Stock Option | 2021-07-26 | J | A | 197 | — | 197 | D | $0.43 · 2021-07-26 to 2030-06-23 | 197 Common Stock | (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). (F6) At the time of the Conversion, these stock options were fully vested. |