Upitis Andris 4

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.