Harse David 4
4 · TruBridge, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
TruBridge (TBRG) Harse David Sells Shares in Merger
What Happened
Harse David, General Manager Patient Care at TruBridge (TBRG), had two dispositions on July 9, 2026 related to the company's merger. He received $26.25 per share for 16,888 shares (total $443,310) pursuant to the merger consideration, and 4,203 unvested restricted shares were forfeited (disposed for $0).
Key Details
- Transaction date: July 9, 2026; Form 4 filed July 10, 2026 (appears timely).
- Transaction type: Disposition to issuer (D) in connection with the Merger.
- Prices and amounts: 16,888 shares at $26.25 = $443,310; 4,203 shares at $0 (forfeiture).
- Shares owned after transaction: Not specified in this Form 4.
- Relevant footnotes: Merger closed pursuant to the Merger Agreement (Apr 23, 2026); outstanding common stock converted into $26.25 per share cash consideration; portion of unvested restricted stock was forfeited at the effective time; Merger Consideration is subject to applicable withholding taxes.
Context
These were merger-driven transactions — not open-market buys or discretionary sales. Under the Merger Agreement, outstanding shares were cancelled and converted into the stated cash consideration, and some unvested awards were either accelerated into cash consideration or forfeited. Such cash-outs reflect the deal mechanics rather than an independent trading decision by the insider.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-07-09−4,203→ 16,888 total - Disposition to Issuer
Common Stock
[F1][F3]2026-07-09$26.25/sh−16,888$443,310→ 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.