TruBridge (TBRG) director exits stake as merger pays $26.25 per share
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TruBridge, Inc. director Andris Upitis reported dispositions of common stock in connection with a merger that took the company private. On the merger’s effective time, each outstanding share of TruBridge common stock was cancelled and converted into the right to receive $26.25 per share in cash. This included shares held indirectly through Ocho Investments, LLC and shares held directly, leaving no TruBridge shares reported as owned after the transaction.
Positive
- None.
Negative
- None.
Insights
Director’s TruBridge stake was cashed out at $26.25 per share in a merger.
The filing shows Andris Upitis, a director of TruBridge, Inc., disposing of common stock due to a completed merger with Inventurus Knowledge Solutions entities. Each TruBridge share was cancelled and converted into the right to receive $26.25 in cash.
The largest block, held through Ocho Investments, LLC, and a smaller directly held position were both converted, resulting in reported holdings of zero shares after the effective time. This looks like a standard cash-out in a change-of-control transaction rather than discretionary open-market trading.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Upitis Andris
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 4,376 | $26.25 | $115K |
| Disposition | Common Stock | 1,114,178 | $26.25 | $29.25M |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null);
Common Stock — 0 shares (Indirect, Ocho Investments LLC)
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. Represents securities directly owned by Ocho Investments, LLC. The reporting person is the sole manager and member of Ocho Investments, LLC.
Key Figures
Indirect shares disposed: 1,114,178 shares
Direct shares disposed: 4,376 shares
Cash consideration per share: $26.25 per share
+1 more
4 metrics
Indirect shares disposed
1,114,178 shares
Common Stock held by Ocho Investments LLC disposed on July 9, 2026
Direct shares disposed
4,376 shares
Common Stock directly held by Andris Upitis disposed on July 9, 2026
Cash consideration per share
$26.25 per share
Merger consideration for each outstanding share of TruBridge common stock at the Effective Time
Shares owned after transaction
0 shares
Total TruBridge common stock reported owned following the merger-related dispositions
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 regulatory
"transaction_code_description": "Disposition to issuer""
FAQ
What insider transaction did TruBridge, Inc. (TBRG) director Andris Upitis report?
Andris Upitis reported a disposition of TruBridge common stock in connection with a merger. All reported shares were cancelled and converted into the right to receive $26.25 per share in cash at the merger’s effective time.
Does Andris Upitis report any TruBridge (TBRG) ownership after the merger?
No. After the merger-related dispositions, the filing shows 0 shares of TruBridge common stock reported as owned, both directly and indirectly. All reported shares were cancelled and cashed out at $26.25 per share in the transaction.
What transaction code was used for the TruBridge (TBRG) insider disposition?
The transactions use code D, described as a “Disposition to issuer”. This reflects that the shares were cancelled and converted to cash consideration under the merger agreement, not sold in open-market trading.