TruBridge (TBRG) director reports full share disposition at $26.25 cash merger price

Rhea-AI Filing Summary

TruBridge, Inc. director Christopher T. Hjelm reported a disposition of common stock tied to the company’s cash merger. On July 9, 2026, all of his 31,591 shares of TruBridge common stock were disposed of to the issuer in connection with the closing of a merger under the April 23, 2026 Merger Agreement. At the effective time of the merger, each outstanding share of TruBridge common stock was cancelled and converted into the right to receive $26.25 per share in cash; following this transaction, Hjelm reported holding no TruBridge common shares.

Insights

Corporate actions analyst

Director’s entire equity stake was cashed out in TruBridge’s go-private merger.

This filing shows Christopher T. Hjelm, a director of TruBridge, Inc., disposing of 31,591 common shares via a transaction coded D, described as a disposition to the issuer. The action occurred at the closing of a merger under an Agreement and Plan of Merger dated April 23, 2026.

At the merger’s effective time, each outstanding TruBridge common share was cancelled and converted into the right to receive $26.25 in cash, subject to applicable withholding taxes. This is a standard cash-out mechanism in a change-of-control deal where TruBridge becomes a wholly owned subsidiary of the acquirer, rather than a discretionary sale by the director.

Following the disposition, Hjelm reported 0 TruBridge shares owned, indicating his public equity stake in the company was fully eliminated in the merger consideration event. The filing does not reference any Rule 10b5-1 trading plan, reinforcing that this reflects the merger terms rather than open-market trading.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HJELM CHRISTOPHER T

Role null

Type	Security	Shares	Price	Value
Disposition	Common Stock	31,591	$26.25	$829K

Holdings After Transaction: Common Stock — 0 shares (Direct, null)

Footnotes (1)

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: 31,591 shares Merger cash consideration: $26.25 per share Holdings after transaction: 0 shares

3 metrics

Shares disposed 31,591 shares Common stock disposed of to issuer on July 9, 2026 in merger

Merger cash consideration $26.25 per share Each outstanding TruBridge common share converted into right to receive cash

Holdings after transaction 0 shares Total TruBridge common shares reported owned by Hjelm following merger disposition

Key Terms

Agreement and Plan of Merger, Effective Time, wholly owned subsidiary, Disposition to issuer

4 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

"with 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.

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 10:44 AM Accepted by SEC EDGAR 07/10/2026 - 10:44 AM Learn about SEC filing dates

FAQ

What did director Christopher T. Hjelm report in this Form 4 for TruBridge (TBRG)?

Christopher T. Hjelm reported a disposition of 31,591 TruBridge common shares on July 9, 2026. The shares were transferred to the issuer as part of a merger transaction, and his reported holdings after the event were reduced to zero shares.

At what price were TruBridge (TBRG) shares converted in the merger mentioned in the Form 4?

Each share of TruBridge common stock was converted into the right to receive $26.25 in cash at the effective time of the merger. The cash consideration was paid without interest and subject to applicable withholding taxes under the merger agreement.

How many TruBridge (TBRG) shares did Christopher T. Hjelm own after the reported merger transaction?

After the transaction, Christopher T. Hjelm reported owning 0 shares of TruBridge common stock. His prior 31,591 shares were disposed of to the issuer in connection with the cash merger and corresponding share cancellation.

What corporate event triggered the Form 4 transaction for TruBridge (TBRG)?

The transaction was triggered by a merger in which a subsidiary of Inventurus Knowledge Solutions, Inc. merged into TruBridge. At the effective time, TruBridge became a wholly owned subsidiary, and each outstanding common share was cancelled for cash consideration of $26.25 per share.

Was the TruBridge (TBRG) Form 4 transaction an open-market sale by the director?

No. The Form 4 describes the transaction as a disposition to the issuer associated with the merger’s closing. Shares were cancelled and converted into the right to receive $26.25 per share in cash, rather than being sold in open-market trades.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HJELM CHRISTOPHER T

(Last) (First) (Middle)

54 ST. EMANUEL STREET

(Street)

MOBILE ALABAMA 36602

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

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

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

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

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	07/09/2026(1)		D		31,591(2)	D	$26.25	0	D

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

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Christopher L. Fowler, by power of attorney	07/10/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)