Harse David 4
Research Summary
AI-generated summary
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.