On November 2, 2022, each of Michael Hoffman and Kristin Nimsger Weston notified N-able, Inc. (Company) and its Board of Directors (Board) of their decision, effective immediately, to resign from the Board and any committee of the Board on which they serve. Each of Mr. Hoffmann and Ms. Weston was elected to the Board as designees of affiliates of Thoma Bravo, L.P. (Thoma Bravo) pursuant to the Stockholders' Agreement, dated as of July 19, 2021, as amended, by and among the Company and certain stockholders named therein. Thoma Bravo has informed the Company that the resignations are related to Thoma Bravo's proactive efforts to comply with the interlocking directorate provisions of Section 8 of The Clayton Antitrust Act of 1914.

Neither Mr. Hoffmann's nor Ms. Weston's resignation was due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.