TruBridge insider entities add indirect TBRG shares in Form 4/A

Rhea-AI Filing Summary

TruBridge, Inc. (TBRG)$20.42 on 11/17/2025, 3,639 shares at $20.84 on 11/18/2025, and 8,501 shares at $20.70 on 11/19/2025, all reported as indirect ownership. The amendment adds that L6 Holdings Inc. acquired 5,000 shares on 11/19/2025 at a weighted average price of $20.52. Following these transactions, one indirect position is shown at 850,000 shares and another at 2,000,000 shares.

11/20/2025 - 10:58 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Pinetree Capital Ltd.

(Last) (First) (Middle)

49 LEUTY AVENUE

(Street)

TORONTO A6 M4E 2R2

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TruBridge, Inc. [ TBRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
11/19/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.001 per share ('Common Stock')	11/17/2025		P		20,707(1)	A	$20.42(2)	837,860	I	See footnotes (3)(4)(5)(3)(4)(5)
Common stock	11/18/2025		P		3,639(1)	A	$20.84(6)	841,499	I	See footnotes (3)(4)(5)(3)(4)(5)
Common stock	11/19/2025		P		8,501(1)	A	$20.7(7)	850,000	I	See footnotes (3)(4)(5)(3)(4)(5)
Common stock	11/19/2025		P		5,000(8)	A	$20.52(9)	2,000,000	I	See footnotes (3)(4)(10)(3)(4)(10)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Pinetree Capital Ltd.

(Last) (First) (Middle)

49 LEUTY AVENUE

(Street)

TORONTO A6 M4E 2R2

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

L6 Holdings Inc.

(Last) (First) (Middle)

49 LEUTY AVENUE

(Street)

TORONTO A6 M4E 2R2

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. These shares were purchased by Pinetree Investment Partnership ('PVP'), as defined below.

2. The price reported in Column 4 is a weighted average price. These shares were purchased by PVP in multiple transactions at prices ranging from $20.28 to $20.50, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

3. This Form 4 is filed jointly by: (i) L6 Holdings Inc., a corporation organized under the laws of Ontario, Canada ('L6') and (ii) Pinetree Capital Ltd., a corporation organized under the laws of Ontario, Canada ('PCL'). Each of the foregoing is referred to as a 'Reporting Person' and collectively, as the 'Reporting Persons.'

4. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and the filing of this Form 4 shall not be construed as an admission that any Reporting Person is the beneficial owner of any such securities for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), or for any other purpose. Each of the Reporting Persons may be deemed to be a member of a 'group' for purposes of Section 13(d) of the Exchange Act that may be deemed to collectively beneficially own over 10% of the Issuer's outstanding securities.

5. Securities held by Pinetree Investment Partnership ('PVP'). Pinetree Capital Investment Corp., a corporation organized under the laws of Ontario, Canada ('PCIC'), holds 99.99% of the outstanding equity interests of PVP. Emerald Capital Corp., a corporation formed under the laws of the Province of Alberta, Canada ('Emerald'), holds .01% of the outstanding equity interests of PVP. PCL is the parent company and holds 100% of the outstanding capital stock of each of PCIC and Emerald. Mr. Leonard is the President and the ultimate control person of PCL

6. The price reported in Column 4 is a weighted average price. These shares were purchased by PVP in multiple transactions at prices ranging from $20.77 to $20.98, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

7. The price reported in Column 4 is a weighted average price. These shares were purchased by PVP in multiple transactions at prices ranging from $20.51 to $20.82, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

8. These shares were purchased by L6 Holdings Inc.

9. The price reported in Column 4 is a weighted average price. These shares were purchased by L6 in multiple transactions at prices ranging from $20.37 to $20.68, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

10. Securities held by L6 Holdings Inc. Damien Leonard ('Mr. Leonard') is a Managing Director of L6.

Remarks:

Amendment to include acquisition of 5,000 shares on 11/19/2025 by L6 Holdings. All other information in the original filing remains unchanged.

	L6 Holdings Inc., By: /s/ Damien Leonard, Managing Director	11/20/2025
	Pinetree Capital Ltd., By: /s/ Damien Leonard, President	11/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What does the TruBridge (TBRG) Form 4/A filing report?

The Form 4/A reports amended insider information showing additional open-market purchases of TruBridge common stock by entities affiliated with the reporting persons.

How many TruBridge (TBRG) shares did Pinetree Investment Partnership buy?

Pinetree Investment Partnership purchased 20,707 shares at $20.42 on 11/17/2025, 3,639 shares at $20.84 on 11/18/2025, and 8,501 shares at $20.70 on 11/19/2025.

What change is disclosed by the amendment in the TruBridge (TBRG) Form 4/A?

The amendment adds that L6 Holdings Inc. acquired 5,000 TruBridge shares on 11/19/2025 at a weighted average price of $20.52; all other information remains unchanged.

What are the indirect TruBridge (TBRG) holdings after these transactions?

After the reported transactions, one line of indirect beneficial ownership shows 850,000 shares and another shows 2,000,000 shares of TruBridge common stock.

Who are the reporting persons in this TruBridge (TBRG) Form 4/A?

The filing is made jointly by L6 Holdings Inc. and Pinetree Capital Ltd., with related entities including Pinetree Investment Partnership and Pinetree Capital Investment Corp.

Are the TruBridge (TBRG) insider trades reported as direct or indirect ownership?

All the trades in this Form 4/A are reported as indirect ownership through entities such as Pinetree Investment Partnership and L6 Holdings Inc.