TruBridge (TBRG) director’s 7,561 shares cashed out at $26.25 in merger
Rhea-AI Filing Summary
TruBridge, Inc. director Amy K. O'Keefe reported a disposition of 7,561 shares of common stock on July 9, 2026, recorded as a disposition to the issuer. This occurred in connection with the closing of a Merger under an Agreement and Plan of Merger, where Merger Sub merged into TruBridge, leaving TruBridge as a wholly owned subsidiary of Parent. 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, and O'Keefe’s reported direct holdings became 0 shares following the transaction.
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Insights
Director’s shares were cashed out at $26.25 due to TruBridge’s merger.
Director Amy K. O'Keefe disposed of 7,561 TruBridge common shares in a D-code transaction labeled as a disposition to the issuer. The footnotes explain this was triggered by a completed Merger under an Agreement and Plan of Merger, not an open-market sale.
At the Merger’s Effective Time on July 9, 2026, each outstanding share of TruBridge common stock was cancelled and converted into the right to receive $26.25 per share in cash. TruBridge became a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc., and O'Keefe’s reported direct holdings fell to 0 shares, consistent with all public equity being cashed out.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2 | 7,561 | $26.25 | $198K |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
Agreement and Plan of Merger regulatory
Effective Time regulatory
wholly owned subsidiary financial
par value financial
FAQ
What transaction did Amy K. O'Keefe report on Form 4 for TBRG?
Was Amy K. O'Keefe’s TBRG Form 4 transaction an open-market sale?
Who acquired TruBridge, Inc. in the merger connected to this TBRG Form 4?
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