N-able, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
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Unregistered Sales of Equity and Use of Proceeds
On March 11, 2025, our board of directors approved the Repurchase Program, authorizing the repurchase of up to $75.0 million of Common Stock. Pursuant to the authorization, we may repurchase shares of Common Stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend upon business, economic, and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations. The Repurchase Program has no expiration date, may be suspended or discontinued at any time without notice, and does not obligate the Company to acquire any specific dollar amount or numbers of shares of Common Stock.
During the three months ended June 30, 2025, we repurchased shares of our common stock under the Repurchase Program as follows:
| Period · Number ofSharesPurchased (1) · AveragePrice PaidPer Share · TotalNumberof SharesPurchasedas Part of aPubliclyAnnouncedPlan or Program · Approximate DollarValue ofShares ThatMay Yet BePurchasedUnder thePlan or Program (in thousands) | |||||
|---|---|---|---|---|---|
| (in thousands, except share and per share data) | |||||
| April 1 - 30, 2025 | — | $— | — | $75,000 | |
| May 1 - 31, 2025 | 873,405 | $7.95 | 873,405 | $68,043 | |
| June 1 - 30, 2025 | 376,773 | $8.06 | 376,773 | $65,000 | |
| Total | 1,250,178 | 1,250,178 | |||
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