HJELM CHRISTOPHER T 4
4 · TruBridge, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
TruBridge (TBRG) Director Christopher T. Hjelm Sells 31,591 Shares
What Happened
Christopher T. Hjelm, a director of TruBridge, Inc. (TBRG), disposed of 31,591 shares to the issuer on July 9, 2026 at $26.25 per share, for gross proceeds of $829,264. This was a merger-related cash-out (shares converted to cash), not an open-market sale.
Key Details
- Transaction date and price: July 9, 2026 — 31,591 shares at $26.25/share.
- Proceeds: $829,264 (gross); subject to any applicable withholding taxes per the merger terms.
- Shares after transaction: The disposed shares were cancelled and converted into cash at the Effective Time of the merger (ownership of those shares was eliminated).
- Notable footnotes: (F1) The disposal occurred pursuant to the Agreement and Plan of Merger dated April 23, 2026; (F2) each outstanding share was cancelled and converted into the right to receive $26.25 in cash.
- Filing timeliness: No late-filing indication was provided in the materials you supplied.
Context
This was a contractual merger cash-out (Inventurus Knowledge Solutions Limited merged with TruBridge, with TruBridge surviving as a wholly owned subsidiary), so the transaction reflects conversion of outstanding shares into cash under the merger agreement rather than a voluntary market sale by the insider. Such merger-related dispositions generally reflect deal terms, not an insider's trading intent.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-07-09$26.25/sh−31,591$829,264→ 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.