Bassi Vinay 4
4 · TruBridge, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
TruBridge (TBRG) CFO Vinay Bassi Sells 39,992 Shares for $1.05M
What Happened
Vinay Bassi, CFO of TruBridge, disposed of a total of 50,499 TruBridge shares on July 9, 2026 in connection with the company’s merger. Of those, 39,992 shares were converted to cash at $26.25 per share for total proceeds of $1,049,790. An additional 10,507 shares (unvested restricted stock) were forfeited and reported as disposed with $0 proceeds under the merger agreement.
Key Details
- Transaction date: July 9, 2026 (reported on Form 4 filed July 10, 2026 — timely).
- Prices and values: 39,992 shares at $26.25 = $1,049,790; 10,507 shares at $0 = forfeiture.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: Transactions occurred under the Agreement and Plan of Merger (F1). The 10,507 shares represent forfeited unvested restricted stock (F2). Each outstanding common share (other than excluded shares) was converted into the right to receive $26.25 in cash per share (F3).
- Transaction type: Disposition pursuant to merger consideration (not an open-market sale).
Context
These dispositions were a mechanical result of TruBridge being acquired and each outstanding share being converted into merger consideration of $26.25 per share. The $0 line reflects forfeiture of unvested restricted stock under the merger agreement, while the cash payment reflects accelerated conversion/closing payment — not a voluntary market sale by the insider.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-07-09−10,507→ 39,992 total - Disposition to Issuer
Common Stock
[F1][F3]2026-07-09$26.25/sh−39,992$1,049,790→ 0 total
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]Represents the portion of the reporting person's unvested restricted stock that was forfeited at the effective time of the Merger (the "Effective Time") pursuant to the Merger Agreement.
- [F3]At 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 (the "Merger Consideration"). In addition, to the extent not forfeited pursuant to the Merger Agreement, each share of unvested restricted stock held by the reporting person immediately prior to the Effective Time was accelerated and converted into the right to receive the Merger Consideration pursuant to the Merger Agreement.