Daughton Michael 4

What Happened
Michael Daughton, Chief Business Officer of TruBridge (TBRG), had two dispositions tied to the company’s merger on July 9, 2026. He received $26.25 per share for 59,315 shares (totaling $1,557,019) under the merger consideration, and 8,749 unvested restricted shares were forfeited for $0. These were dispositions to the issuer pursuant to the Merger Agreement, not open-market trades.

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 10, 2026 (timely filing).
• Prices and values: 59,315 shares at $26.25 = $1,557,019; 8,749 shares at $0 = $0.
• Transaction code: D (disposition to the issuer).
• Shares owned after transaction: under the Merger Agreement, outstanding common shares were cancelled and converted to cash consideration; the reporting person’s cancelled shares were replaced by the cash payment (report does not list remaining tradable common shares).
• Notable footnotes: Merger Agreement caused surviving company to become a wholly owned subsidiary; outstanding shares were cancelled and converted into $26.25 per share cash consideration (subject to withholding). Unvested restricted stock was either accelerated and converted to cash or forfeited per the agreement.

Context
These transactions reflect the cash-out treatment of TruBridge shares in a merger (conversion to merger consideration) rather than voluntary market selling by the insider. Such dispositions are routine in M&A deals and do not, by themselves, indicate the insider’s future view on the business.