TruBridge (TBRG) director reports 50,687-share disposition as $26.25-per-share merger closes

Rhea-AI Filing Summary

TruBridge, Inc. director Glenn Tobin reported a disposition of 50,687 shares of common stock on July 9, 2026, shown as a Disposition to issuer. This occurred in connection with a merger in which a subsidiary of Inventurus Knowledge Solutions, Inc. merged into TruBridge. At the merger’s effective time, each outstanding TruBridge common share was cancelled and converted into the right to receive $26.25 per share in cash, without interest and subject to applicable withholding taxes.

Insights

M&A and governance analyst

Director’s shares were cashed out at $26.25 due to closing of a merger.

Director Glenn Tobin reported a disposition of 50,687 TruBridge common shares coded as a disposition to the issuer. Footnotes explain this was not an open-market trade but part of a completed merger with Inventurus Knowledge Solutions, Inc..

At the merger’s Effective Time, each outstanding TruBridge share was cancelled and converted into the right to receive $26.25 in cash per share. Following the transaction, Tobin reported 0 shares held directly, consistent with all common equity being cashed out in the merger.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TOBIN GLENN

Role null

Type	Security	Shares	Price	Value
Disposition	Common Stock	50,687	$26.25	$1.33M

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: 50,687 shares Merger cash consideration: $26.25 per share Post-transaction holdings: 0 shares +1 more

4 metrics

Shares disposed 50,687 shares Common stock reported as disposition to issuer on July 9, 2026

Merger cash consideration $26.25 per share Cash paid for each TruBridge common share at the Effective Time of the merger

Post-transaction holdings 0 shares Shares of TruBridge common stock held directly by Glenn Tobin following the merger-related disposition

Merger effective date July 9, 2026 Date Merger Sub merged with and into TruBridge, triggering share cancellation and cash-out

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_action": "issuer disposition", "transaction_code_description": "Disposition to issuer""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 10:43 AM Accepted by SEC EDGAR 07/10/2026 - 10:43 AM Learn about SEC filing dates

FAQ

What transaction did Glenn Tobin report on TruBridge (TBRG) in this Form 4?

Glenn Tobin reported a Disposition to issuer of 50,687 shares of TruBridge common stock. The disposition occurred on July 9, 2026, in connection with TruBridge’s completion of a merger transaction.

What price did TruBridge (TBRG) shareholders receive for their shares in the merger?

Each share of TruBridge common stock was converted into the right to receive $26.25 per share in cash. This cash consideration is paid without interest and is subject to any applicable withholding taxes, as described in the merger agreement terms.

Why were Glenn Tobin’s TruBridge (TBRG) shares shown as disposed to the issuer?

The shares were cancelled at the merger’s Effective Time and converted into a cash right of $26.25 per share. This technical cancellation and cash-out is reported as a Disposition to issuer, not as an open-market sale on a stock exchange.

How many TruBridge (TBRG) shares did Glenn Tobin hold after the reported merger transaction?

Following the merger-related disposition, Glenn Tobin reported holding 0 shares of TruBridge common stock directly. All previously outstanding TruBridge common shares were cancelled and converted into the right to receive cash under the merger terms.

Who acquired TruBridge (TBRG) in the merger referenced in this Form 4?

TruBridge became a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc. through a merger. A wholly owned subsidiary of Inventurus, IKS Next Horizon, Inc., merged into TruBridge, with TruBridge surviving as a wholly owned subsidiary of the parent company.

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^*

TOBIN GLENN

(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		50,687(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)