TruBridge (TBRG) Controller reports merger-related stock forfeiture and $26.25 cash-out
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TruBridge, Inc. Controller MacIntyre Vita reported issuer-related dispositions of common stock tied to the closing of a merger. A portion of unvested restricted stock was forfeited at the merger’s effective time, and remaining common shares were cancelled and converted into the right to receive $26.25 per share in cash. Following these transactions, Vita reported holding 0 shares of TruBridge common stock.
Positive
- None.
Negative
- None.
Insights
Compensation shares were forfeited or cashed out in a merger, not sold on the market.
Controller MacIntyre Vita reported two issuer dispositions of TruBridge common stock connected to a merger. Footnotes state that unvested restricted stock was partly forfeited and the remainder, along with other common shares, was converted into the right to receive $26.25 per share in cash.
One transaction covers 753 shares forfeited at the merger’s effective time, and another covers 1,934 shares cancelled for cash consideration, leaving Vita with 0 shares reported. These are merger-driven, issuer-side events rather than discretionary open-market sales, so their signaling value about management’s view of the business is limited.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MacIntyre Vita
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 753 | $0.00 | -- |
| Disposition | Common Stock | 1,934 | $26.25 | $51K |
Holdings After Transaction:
Common Stock — 1,934 shares (Direct, null)
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
Shares cancelled for cash: 1,934 shares
Merger cash consideration: $26.25 per share
Unvested restricted stock forfeited: 753 shares
+1 more
4 metrics
Shares cancelled for cash
1,934 shares
Common stock cancelled and converted into right to receive $26.25 per share in cash at Effective Time
Merger cash consideration
$26.25 per share
Cash merger consideration for each issued and outstanding share of common stock at Effective Time
Unvested restricted stock forfeited
753 shares
Portion of unvested restricted stock forfeited at Effective Time pursuant to Merger Agreement
Shares after transactions
0.0000 shares
Total common shares reported as held following issuer dispositions
Key Terms
Agreement and Plan of Merger, Merger Consideration, unvested restricted stock
3 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.
unvested restricted stock financial
"each share of unvested restricted stock held by the reporting person"
FAQ
What did TruBridge (TBRG) Controller MacIntyre Vita report in this Form 4?
MacIntyre Vita reported issuer dispositions of TruBridge common stock tied to a merger. Some unvested restricted stock was forfeited and remaining shares were cancelled for cash consideration of $26.25 per share.
Were MacIntyre Vita’s TruBridge (TBRG) transactions open-market sales?
No. The Form 4 describes dispositions to the issuer related to a merger, not open-market sales. Shares were forfeited or cancelled and converted into cash consideration under the merger agreement.
What happened to MacIntyre Vita’s unvested restricted TruBridge (TBRG) stock?
The filing states that a portion of the reporting person’s unvested restricted stock was forfeited at the merger’s effective time. Remaining unvested restricted shares were accelerated and converted into the right to receive the $26.25 per share merger consideration.