Benjamin Regina M. 4
Research Summary
AI-generated summary
TruBridge (TBRG) Director Benjamin Regina M. Sells 38,687 Shares
What Happened
Benjamin Regina M., a director of TruBridge, reported a disposition of 38,687 shares on July 9, 2026. The shares were converted to cash at $26.25 per share for total consideration of $1,015,534. The transaction is described as a disposition to the issuer under the closing of a merger.
Key Details
- Transaction date: 2026-07-09; Filing date: 2026-07-10 (timely filing).
- Transaction type/code: Disposition to issuer (D) — conversion/cash-out in connection with a merger.
- Price per share: $26.25; Total proceeds: $1,015,534.
- Shares owned after transaction: not specified in the provided excerpt; the reported shares were cancelled/converted under the merger.
- Footnotes: Merger Agreement dated April 23, 2026; at the Effective Time each outstanding TruBridge share (other than certain excluded shares) was cancelled and converted into $26.25 in cash without interest and subject to any applicable withholding taxes.
Context
This was not an open-market sale but a corporate-event disposition: Merger consideration converted outstanding shares into cash. Such cash-outs reflect the terms of the merger rather than an individual insider decision to sell on the market.