Upitis Andris 4
4 · TruBridge, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
TruBridge (TBRG) Director Upitis Andris Sells 1.12M Shares
What Happened
Upitis Andris, a director of TruBridge, reported dispositions of 4,376 shares for $114,870 and 1,114,178 shares for $29,247,173 (total 1,118,554 shares) at $26.25 per share. These were not open-market sales but cancellations/conversions into cash under the Merger Agreement in which TruBridge was acquired; the combined cash received was approximately $29.36 million (rounded).
Key Details
- Transaction date: July 9, 2026. Form filed July 10, 2026 (filed the next day).
- Price per share: $26.25; reported values: $114,870 and $29,247,173 (total ~$29,362,043).
- Transaction type: Disposition to the issuer (shares cancelled and converted to cash under the Merger Agreement).
- Footnote: The Merger Agreement (effective time July 9, 2026) provides that each outstanding share was cancelled and converted into the right to receive $26.25 per share in cash, subject to applicable withholding taxes.
- Ownership note: Some reported securities are directly owned by Ocho Investments, LLC; the reporting person is the sole manager and member of that LLC (per filing).
- Shares owned after the transaction are not specified in the provided details.
Context
This transaction reflects a cash-out in connection with a company merger — a routine corporate event rather than an insider selling shares on the open market. The cash consideration per share was set by the Merger Agreement; withholding taxes may reduce net proceeds. For retail investors, such dispositions typically indicate the completion of an M&A payout, not necessarily any change in the director’s view of the company’s prospects.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-07-09$26.25/sh−4,376$114,870→ 0 total - Disposition to Issuer
Common Stock
[F1][F2][F3]2026-07-09$26.25/sh−1,114,178$29,247,173→ 0 total(indirect: By LLC)
Footnotes (3)
- [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.
- [F3]Represents securities directly owned by Ocho Investments, LLC. The reporting person is the sole manager and member of Ocho Investments, LLC.