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TruBridge (TBRG) director’s 4,376 shares cancelled and paid $26.25 in cash in merger

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TruBridge, Inc. director Canada Jerry G Jr. reported a disposition to the issuer of 4,376 shares of common stock on July 9, 2026. The transaction occurred at $26.25 per share in connection with the closing of a merger in which TruBridge became a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc. Following this merger-related cancellation and cash-out of shares, the reporting person holds 0 shares of TruBridge common stock.

Positive

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Insights

Director’s shares were cashed out in a completed merger.

Director Canada Jerry G Jr. disposed of 4,376 TruBridge common shares at $26.25 per share on July 9, 2026. This was not an open-market trade but a disposition to the issuer triggered by the closing of a merger.

Under the Agreement and Plan of Merger, each outstanding TruBridge common share (other than certain excluded shares) was cancelled and converted into the right to receive $26.25 in cash. TruBridge now operates as a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc., and the reporting person’s post-transaction holding is 0 shares, consistent with all shares being cashed out at the merger’s effective time.

Insider Canada Jerry G Jr.
Role null
Type Security Shares Price Value
Disposition Common Stock 4,376 $26.25 $115K
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.
Shares disposed 4,376 shares Common stock disposed of by director in issuer disposition on July 9, 2026
Cash consideration per share $26.25 per share Cash paid for each share of TruBridge common stock at the merger’s effective time
Post-transaction holdings 0 shares Total TruBridge common shares held by the reporting person after the merger-related disposition
Merger agreement date April 23, 2026 Date of the Agreement and Plan of Merger governing the TruBridge transaction
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.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
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.
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FAQ

What did TruBridge (TBRG) director Canada Jerry G Jr. report in this Form 4?

The director reported a disposition to the issuer of 4,376 shares of TruBridge common stock at $26.25 per share on July 9, 2026, leaving him with 0 shares held.

Why were TruBridge (TBRG) shares disposed of at $26.25 per share?

The shares were disposed at $26.25 per share under a Merger Agreement in which each outstanding TruBridge common share was cancelled and converted into the right to receive $26.25 in cash at the merger’s effective time.

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

No. The Form 4 describes a disposition to the issuer tied to a merger closing, where shares were automatically cancelled and cashed out at $26.25 per share, rather than sold in the open market.

What happened to TruBridge (TBRG) in the merger referenced in the Form 4?

TruBridge merged with Merger Sub and survived as a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc.. At the effective time, each outstanding common share was cancelled and converted into a right to receive $26.25 in cash.

How many TruBridge (TBRG) shares does the reporting person hold after this Form 4 transaction?

After the merger-related disposition, the reporting person’s total shares following the transaction is reported as 0 shares of TruBridge common stock, reflecting that all reported shares were cancelled and cashed out.

What is the role of the Merger Agreement mentioned in the TruBridge (TBRG) Form 4 footnotes?

The Agreement and Plan of Merger dated April 23, 2026 governs the merger among TruBridge, Inventurus Knowledge Solutions, Inc., and affiliates, and specifies that each outstanding TruBridge common share is cancelled and converted into a right to receive $26.25 in cash at the effective time.
SEC Form 4
FORM 4UNITED 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*
Canada Jerry G Jr.

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/09/2026(1)D4,376(2)D$26.250D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 attorney07/10/2026
** Signature of Reporting PersonDate
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)