TruBridge (TBRG) director’s 38,687 shares cancelled in $26.25-per-share cash merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TruBridge, Inc. director Benjamin M. Regina reported a disposition of 38,687 shares of common stock on July 9, 2026 in connection with a merger in which TruBridge became a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc. Each cancelled share was converted into the right to receive $26.25 in cash, leaving Regina with 0 shares of TruBridge common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benjamin Regina M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 38,687 | $26.25 | $1.02M |
Holdings After Transaction:
Common Stock — 0 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. At the effective time of the Merger (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.
Key Figures
Shares disposed: 38,687 shares
Per-share cash merger consideration: $26.25 per share
Shares held after transaction: 0 shares
3 metrics
Shares disposed
38,687 shares
Common stock disposition by director Benjamin M. Regina on July 9, 2026
Per-share cash merger consideration
$26.25 per share
Cash paid for each cancelled TruBridge common share at the merger Effective Time
Shares held after transaction
0 shares
Total TruBridge common shares beneficially owned by Benjamin M. Regina after the merger-related disposition
Key Terms
Agreement and Plan of Merger, Effective Time, wholly owned subsidiary
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.
Effective Time regulatory
"At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement"
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.
wholly owned subsidiary financial
"the Issuer surviving the Merger as a wholly owned subsidiary of Parent"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
FAQ
What did TruBridge (TBRG) director Benjamin M. Regina report in this Form 4?
Benjamin M. Regina reported a disposition of 38,687 shares of TruBridge common stock on July 9, 2026, leaving him with 0 shares following the transaction.
What merger transaction is referenced in the TruBridge (TBRG) Form 4 footnotes?
The footnotes describe a merger where IKS Next Horizon, Inc. merged with TruBridge, Inc., with TruBridge surviving as a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc..