[Form 4] TruBridge, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TruBridge, Inc. Chief Business Officer Michael Daughton reported two issuer dispositions of common stock tied to the closing of a merger on July 9, 2026. A total of 8,749 shares of his unvested restricted stock was forfeited at the merger’s effective time under the merger agreement. The remaining 59,315 shares of common stock were cancelled and converted into the right to receive $26.25 per share in cash as merger consideration, after which he held no TruBridge common shares.
Positive
- None.
Negative
- None.
Insights
Merger-driven cleanup: forfeited unvested stock, vested shares cashed out.
Chief Business Officer Michael Daughton reports two issuer dispositions of TruBridge common stock, both mechanically triggered by a completed merger. He forfeited 8,749 unvested restricted shares at the effective time and had 59,315 vested shares cancelled for $26.25 per share in cash merger consideration.
These are not open-market trades but automatic outcomes of the Agreement and Plan of Merger. After the merger, Daughton no longer holds TruBridge common stock, consistent with the issuer becoming a wholly owned subsidiary of Parent on July 9, 2026.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Daughton Michael
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 8,749 | $0.00 | -- |
| Disposition | Common Stock | 59,315 | $26.25 | $1.56M |
Holdings After Transaction:
Common Stock — 59,315 shares (Direct)
Footnotes (1)
- 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. 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. 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.
Key Figures
Vested shares cancelled for cash: 59,315 shares
Merger cash price per share: $26.25 per share
Unvested restricted shares forfeited: 8,749 shares
+3 more
6 metrics
Vested shares cancelled for cash
59,315 shares
Common stock cancelled and converted into right to receive $26.25 per share at merger effective time
Merger cash price per share
$26.25 per share
Cash merger consideration for each issued and outstanding share of common stock at effective time
Unvested restricted shares forfeited
8,749 shares
Portion of unvested restricted stock forfeited at the merger’s effective time pursuant to the merger agreement
Post-transaction holdings
0 shares
Total TruBridge common stock held by the reporting person following the merger-related dispositions
Dispose transactions count
2 transactions
Two non-derivative issuer dispositions reported with code D on July 9, 2026
Merger agreement date
April 23, 2026
Date of Agreement and Plan of Merger governing the share cancellations and forfeitures
Key Terms
Agreement and Plan of Merger, Merger Consideration, restricted stock, disposition to issuer, +1 more
5 terms
Agreement and Plan of Merger regulatory
"pursuant to that certain Agreement and Plan of Merger, dated as of April 23, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"was cancelled and converted into the right to receive $26.25 per share in cash"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
restricted stock financial
"portion of the reporting person's unvested restricted stock that was forfeited at the effective time"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
disposition to issuer regulatory
"transaction_code_description": "Disposition to issuer""
effective time regulatory
"was forfeited at the effective time of the Merger (the "Effective Time")"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
What did TruBridge (TBRG) executive Michael Daughton report in this Form 4?
Chief Business Officer Michael Daughton reported two issuer dispositions of TruBridge common stock tied to a merger. Unvested restricted shares were forfeited and remaining vested shares were cancelled for $26.25 per share in cash merger consideration.
Does Michael Daughton still hold TruBridge (TBRG) common stock after the merger?
No. Following the merger-related dispositions, Michael Daughton’s reported holdings of TruBridge common stock are 0 shares. All previously outstanding shares were either forfeited as unvested restricted stock or cancelled for cash merger consideration.
What transaction code and direction are shown in Michael Daughton’s TruBridge (TBRG) Form 4?
Both transactions use code D for disposition to issuer and are classified with a transaction direction of dispose. They reflect merger-driven cancellations and forfeitures, not open-market sales or purchases by the executive.