Leonard Damien 4

What Happened
Leonard Damien, a TruBridge (TBRG) director, reported dispositions totaling 2,980,000 shares on July 9, 2026. The shares were surrendered to the issuer under the Merger Agreement and converted into cash at $26.25 per share—2,130,000 shares for $55,912,500 and 850,000 shares for $22,312,500—totaling $78,225,000. This was a disposition to the issuer (merger cash-out), not an open-market sale.

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 10, 2026 (timely filing).
• Price and amounts: 2,130,000 shares @ $26.25 ($55,912,500) and 850,000 shares @ $26.25 ($22,312,500); combined proceeds $78,225,000.
• Transaction code: D (Disposition to the issuer) — shares were cancelled and converted to cash per the Merger Agreement.
• Shares owned after transaction: Outstanding TruBridge common shares were canceled in the Merger and converted into cash; post-transaction share ownership of common stock would no longer apply.
• Footnotes: (F1) Dispositions resulted from the April 23, 2026 Agreement and Plan of Merger that converted each outstanding share into $26.25 in cash effective July 9, 2026. (F2/F3) Some reported securities were held by entities (L6 Holdings Inc., Pinetree-related entities) and the reporting person disclaims beneficial ownership except for any pecuniary interest.

Context
This transaction reflects the contractual cash-out under a completed merger (Merger Sub merged into TruBridge, which became a wholly owned subsidiary), not a market-driven sale by the insider. For retail investors, merger-related dispositions are routine execution of merger terms rather than a direct signal about future company performance.