TOBIN GLENN 4
4 · TruBridge, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
TruBridge (TBRG) Director Tobin Glenn Sells 50,687 Shares
What Happened
Tobin Glenn, a director of TruBridge, disposed of 50,687 shares on July 9, 2026 for $26.25 per share, receiving $1,330,534 in cash. The disposition was made to the issuer pursuant to the Merger Agreement in which TruBridge was merged into the acquiring company and outstanding common shares were converted into cash.
Key Details
- Transaction date: July 9, 2026; Price: $26.25 per share. Total proceeds: $1,330,534.
- Transaction type: Disposition to the issuer (related to merger consideration), not an open-market sale.
- Shares owned after transaction: Issuer shares were cancelled at the effective time of the merger and converted into the right to receive cash; the filing reflects the cash-out under the Merger Agreement.
- Relevant footnotes: The sale occurred under the Agreement and Plan of Merger (dated April 23, 2026). Under that agreement, each outstanding TruBridge common share (other than excluded shares) was cancelled and converted into $26.25 in cash, subject to withholding.
- Filing timeliness: Form 4 filed July 10, 2026 (transaction reported for 7/9/2026); treated as a merger-related disposition rather than routine insider trading.
Context
This was a merger cash-out—shareholders’ stock was cancelled and converted to cash under the deal terms—so it reflects transaction mechanics of the acquisition rather than an individual trading decision. For retail investors, merger-related dispositions are generally routine and do not necessarily indicate the insider’s view of the company’s future operations.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-07-09$26.25/sh−50,687$1,330,534→ 0 total
Footnotes (2)
- [F1]On July 9, 2026, pursuant to that certain Agreement and Plan of Merger, dated as of April 23, 2026 (the "Merger Agreement"), by and among TruBridge, Inc. (the "Issuer"), Inventurus Knowledge Solutions, Inc., a Delaware corporation ("Parent"), IKS Next Horizon, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), and solely for certain limited purposes as specified therein, Inventurus Knowledge Solutions Limited, an Indian public limited company, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.
- [F2]At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each share of the Issuer's common stock, par value $0.001 per share, that was issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) was cancelled and converted into the right to receive $26.25 per share in cash, without interest, and subject to any applicable withholding taxes.