TruBridge (TBRG) Form 4 shows group holding up to 1,995,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TruBridge, Inc. (TBRG) reported insider share purchases by group filers including L6 Holdings Inc. and Pinetree Capital Ltd. Acting through Pinetree Investment Partnership, they bought 20,707 common shares on 11/17/2025 at a weighted average price of $20.42, 3,639 shares on 11/18/2025 at $20.84, and 8,501 shares on 11/19/2025 at $20.70.
After these purchases, one indirect holding line shows 850,000 TruBridge common shares attributed to Pinetree Investment Partnership, while another line shows 1,995,000 shares held indirectly by L6 Holdings Inc. The reporting persons state that prices are weighted averages over multiple trades within the disclosed ranges and that they may be deemed part of a group owning over 10% of TruBridge’s outstanding securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 32,847 shares ($674,644)
Net Buy
4 txns
Insider
Pinetree Capital Ltd., L6 Holdings Inc.
Role
10% Owner | 10% Owner
Bought
32,847 shs ($675K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common stock | 8,501 | $20.70 | $176K |
| Purchase | Common stock | 3,639 | $20.84 | $76K |
| Purchase | Common stock, par value $0.001 per share ('Common Stock') | 20,707 | $20.42 | $423K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 850,000 shares (Indirect, See footnotes (3)(4)(5));
Common stock, par value $0.001 per share ('Common Stock') — 837,860 shares (Indirect, See footnotes (3)(4)(5))
Footnotes (1)
- These shares were purchased by Pinetree Investment Partnership ('PVP'), as defined below. 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. 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.' 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. 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. 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. 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. Securities held by L6 Holdings Inc. Damien Leonard ('Mr. Leonard') is a Managing Director of L6.
FAQ
What insider activity did TruBridge (TBRG) report in this Form 4?
The filing reports that entities including L6 Holdings Inc. and Pinetree Capital Ltd., through Pinetree Investment Partnership, purchased TruBridge common stock on three dates in November 2025 at prices around $20–$21 per share.
Who are the reporting persons in this TruBridge (TBRG) Form 4?
The Form 4 is filed jointly by L6 Holdings Inc. and Pinetree Capital Ltd. It explains control and ownership relationships involving Pinetree Investment Partnership, Pinetree Capital Investment Corp., Emerald Capital Corp., and notes that Damien Leonard is a managing director of L6 and president and ultimate control person of Pinetree Capital Ltd.
Are the TruBridge (TBRG) reporting persons considered more than 10% owners?
The filing states that the reporting persons may be deemed to be members of a "group" that may be deemed to collectively beneficially own over 10% of TruBridge’s outstanding securities for purposes of Section 13(d) of the Exchange Act.
What do the weighted average prices in the TruBridge (TBRG) insider trades mean?
For each date, the reported price is a weighted average of multiple trades in a stated price range, such as $20.28–$20.50 or $20.51–$20.82. The reporting persons commit to provide details of the individual trade prices and share amounts upon request.