TruBridge (TBRG) director-linked entities tender shares in $26.25 cash merger

Rhea-AI Filing Summary

TruBridge, Inc. director-affiliated entities disposed of their common stock in connection with a cash merger. L6 Holdings Inc. transferred 2,130,000 shares and Pinetree Capital Ltd.-affiliated entities transferred 850,000 shares, each at $26.25 per share, as all outstanding TruBridge common shares were cancelled and converted into cash on July 9, 2026. Following these transactions, the reporting person reported no remaining indirect holdings, while disclaiming beneficial ownership except to the extent of any pecuniary interest.

Insights

M&A and governance analyst

Director-linked entities were cashed out in a completed all-cash merger.

The filing shows entities associated with director Leonard Damien disposing of TruBridge common stock as part of a previously agreed all-cash merger at $26.25 per share. This is a disposition to the issuer, not an open-market sale, and reflects the merger closing mechanics rather than a discretionary trading decision.

L6 Holdings Inc. and a Pinetree Capital Ltd. structure each tendered their shares and now report zero TruBridge shares after the July 9, 2026 effective time. Footnotes emphasize that Damien disclaims beneficial ownership beyond any pecuniary interest, meaning the economic and voting power primarily resided with those entities.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Leonard Damien

Role null

Type	Security	Shares	Price	Value
Disposition	Common stock, par value $0.001 per share ("Common Stock")	2,130,000	$26.25	$55.91M
Disposition	Common Stock	850,000	$26.25	$22.31M

Holdings After Transaction: Common stock, par value $0.001 per share ("Common Stock") — 0 shares (Indirect, L6 Holdings Inc.); Common Stock — 0 shares (Indirect, Pinetree Capital Ltd.)

Footnotes (1)

1. This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 23, 2026, by and among the Issuer, Inventurus Knowledge Solutions, Inc. a Delaware corporation ("Parent"), IKS Next Horizon, Inc., a Delaware corporation and a 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, pursuant to which, among other things, each oustanding share of Common Stock of the Issuer was cancelled and converted into the right to receive $26.25 in cash, without interest, effective July 9, 2026 (the "Merger"). After completion of the Merger, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving entity and a wholly owned subsidiary of Parent. Securities owned directly by L6 Holdings Inc. ("L6"). The Reporting Person serves as a Managing Director of L6. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Securities reported herein for Pinetree Capital Ltd. ("PCL") are held by Pinetree Investment Partnership ("PVP"). Pinetree Capital Investment Corp. ("PCIC") holds 99.99% of the outstanding equity interests of PVP. Emerald Capital Corp. ("Emerald") holds .01% of the outstanding equity interests of PVP. PCL is the parent company and holds 100% of the outstanding capital stock of each of PCIC and Emerald. The Reporting Person is the President of PCL. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Key Figures

Disposition price per share: $26.25 per share Shares disposed by L6 Holdings Inc.: 2,130,000 shares Shares disposed by Pinetree-affiliated entities: 850,000 shares +3 more

6 metrics

Disposition price per share $26.25 per share Cash consideration for each share of TruBridge common stock in the merger effective July 9, 2026

Shares disposed by L6 Holdings Inc. 2,130,000 shares Common stock disposed of to the issuer at $26.25 per share as part of the merger

Shares disposed by Pinetree-affiliated entities 850,000 shares Common stock disposed of to the issuer at $26.25 per share as part of the merger

Merger agreement date April 23, 2026 Date of the Agreement and Plan of Merger governing the cash-out of TruBridge shares

Merger effective date July 9, 2026 Date when each TruBridge share was cancelled and converted into cash consideration

Post-transaction holdings per entity entry 0 shares Total shares following each disposition reported for L6 Holdings Inc. and Pinetree-related holdings

Key Terms

Agreement and Plan of Merger, Merger Sub, pecuniary interest, beneficial ownership, +1 more

5 terms

Agreement and Plan of Merger regulatory

"pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), 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.

Merger Sub regulatory

"IKS Next Horizon, Inc., a Delaware corporation and a 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.

pecuniary interest financial

"disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein"

beneficial ownership regulatory

"this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

par value financial

"Common stock, par value $0.001 per share ("Common Stock")"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 02:56 PM Accepted by SEC EDGAR 07/10/2026 - 02:55 PM Learn about SEC filing dates

FAQ

What did the TruBridge (TBRG) Form 4 filed by Leonard Damien report?

The Form 4 reports that entities associated with director Leonard Damien disposed of TruBridge common stock to the issuer as part of a cash merger, with each share converted into the right to receive $26.25 in cash effective July 9, 2026.

How many TruBridge (TBRG) shares did L6 Holdings Inc. dispose of in the merger?

L6 Holdings Inc., an entity associated with director Leonard Damien, disposed of 2,130,000 shares of TruBridge common stock at $26.25 per share, in a disposition to the issuer under the merger effective July 9, 2026.

How many TruBridge (TBRG) shares did Pinetree-related entities dispose of and at what price?

Pinetree Capital Ltd.-related entities disposed of 850,000 shares of TruBridge common stock at $26.25 per share. These shares were cancelled and converted into cash consideration pursuant to the completed merger structure described in the agreement dated April 23, 2026.

What happened to TruBridge (TBRG) common stock in the reported merger?

Each outstanding share of TruBridge common stock was cancelled and converted into the right to receive $26.25 in cash, without interest, when the merger became effective on July 9, 2026, after which TruBridge became a wholly owned subsidiary of the parent company.

Does Leonard Damien still hold any TruBridge (TBRG) shares after the merger?

After the merger, the reported indirect holdings for entities associated with Leonard Damien show 0 shares of TruBridge common stock. Footnotes state he disclaims beneficial ownership of the securities except to the extent of his pecuniary interest in the entities.

Who acquired TruBridge (TBRG) according to the Form 4 footnotes?

The merger involved TruBridge and Inventurus Knowledge Solutions, Inc. as parent, with IKS Next Horizon, Inc. as merger subsidiary. After completion, the merger subsidiary was merged into TruBridge, making TruBridge a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc..

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^*

Leonard Damien

(Last) (First) (Middle)

49 LEUTY AVE

(Street)

TORONTO M4E 2R2

(City) (State) (Zip)

ONTARIO, CANADA

(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, par value $0.001 per share ("Common Stock")	07/09/2026		D(1)		2,130,000	D	$26.25	0	I	L6 Holdings Inc.(2)
Common Stock	07/09/2026		D(1)		850,000	D	$26.25	0	I	Pinetree Capital Ltd.(3)

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. This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 23, 2026, by and among the Issuer, Inventurus Knowledge Solutions, Inc. a Delaware corporation ("Parent"), IKS Next Horizon, Inc., a Delaware corporation and a 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, pursuant to which, among other things, each oustanding share of Common Stock of the Issuer was cancelled and converted into the right to receive $26.25 in cash, without interest, effective July 9, 2026 (the "Merger"). After completion of the Merger, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving entity and a wholly owned subsidiary of Parent.

2. Securities owned directly by L6 Holdings Inc. ("L6"). The Reporting Person serves as a Managing Director of L6. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

3. Securities reported herein for Pinetree Capital Ltd. ("PCL") are held by Pinetree Investment Partnership ("PVP"). Pinetree Capital Investment Corp. ("PCIC") holds 99.99% of the outstanding equity interests of PVP. Emerald Capital Corp. ("Emerald") holds .01% of the outstanding equity interests of PVP. PCL is the parent company and holds 100% of the outstanding capital stock of each of PCIC and Emerald. The Reporting Person is the President of PCL. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

	Damien Leonard	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)