TruBridge (TBRG) director exits 21,554 shares in $26.25-per-share cash merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TruBridge, Inc. director Mark V Anquillare reported a disposition of 21,554 shares of common stock to the company on July 9, 2026 at $26.25 per share, leaving him with 0 shares directly held. This occurred at the closing of a merger in which each outstanding TruBridge common share was cancelled and converted into the right to receive $26.25 in cash, subject to applicable withholding taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Anquillare Mark V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 21,554 | $26.25 | $566K |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
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: 21,554 shares
Transaction price per share: $26.25 per share
Shares held after transaction: 0 shares
3 metrics
Shares disposed
21,554 shares
Common stock disposed to issuer on July 9, 2026
Transaction price per share
$26.25 per share
Cash consideration for each share in the merger and reported disposition
Shares held after transaction
0 shares
Direct holdings of Mark V Anquillare following the merger-related disposition
Key Terms
Agreement and Plan of Merger, Effective Time, Merger Sub
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.
Merger Sub regulatory
"IKS Next Horizon, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub")"
A merger sub is a temporary, wholly owned subsidiary that an acquiring company creates to carry out a merger with another firm. Think of it as a wrapper used to combine two businesses—this can simplify legal and tax steps, isolate liabilities, and help preserve the target’s contracts or stock structure, so investors watch it because the chosen approach affects deal mechanics, shareholder votes, potential dilution, and legal or tax risk.
FAQ
What did TruBridge (TBRG) director Mark V Anquillare report on this Form 4?
Mark V Anquillare reported a disposition of 21,554 shares of TruBridge common stock to the issuer at $26.25 per share, in connection with the closing of a merger transaction.
What consideration did TruBridge (TBRG) common stockholders receive in the merger?
Each share of TruBridge common stock outstanding immediately before the merger’s effective time was converted into the right to receive $26.25 in cash, without interest and subject to applicable withholding taxes.
What type of transaction is reported for TruBridge (TBRG) on this Form 4?
The filing reports a disposition to the issuer (code D) of 21,554 shares of TruBridge common stock, reflecting cancellation of shares in exchange for $26.25 per share cash in the merger.
Which merger is referenced in this TruBridge (TBRG) Form 4 filing?
The filing references a merger under an Agreement and Plan of Merger dated April 23, 2026, in which TruBridge became a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc..