TruBridge (TBRG) executive reports stock cancellation and cash payout in merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TruBridge, Inc. General Manager Patient Care, David Harse, reported dispositions of common stock in connection with the closing of a merger in which TruBridge became a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc. At the merger’s effective time, his outstanding common shares were converted into the right to receive $26.25 per share in cash, while a portion of his unvested restricted stock was forfeited under the merger agreement.
Positive
- None.
Negative
- None.
Insights
Executive’s TruBridge equity was cashed out or forfeited as part of a change-of-control merger.
General Manager Patient Care David Harse reported two issuer dispositions tied to TruBridge’s merger into a subsidiary of Inventurus Knowledge Solutions, Inc. A total of 16,888 common shares were cancelled and converted into the right to receive $26.25 per share in cash.
Footnotes explain that 4,203 unvested restricted shares were forfeited at the merger’s effective time, while remaining unvested restricted stock accelerated and converted into the same cash merger consideration. Following these transactions, Harse no longer holds TruBridge common stock reported here.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Harse David
Role
General Manager Patient Care
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 4,203 | $0.00 | -- |
| Disposition | Common Stock | 16,888 | $26.25 | $443K |
Holdings After Transaction:
Common Stock — 16,888 shares (Direct, null)
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. Represents the portion of the reporting person's unvested restricted stock that was forfeited at the effective time of the Merger (the "Effective Time") pursuant to the Merger Agreement. At 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 (the "Merger Consideration"). In addition, to the extent not forfeited pursuant to the Merger Agreement, each share of unvested restricted stock held by the reporting person immediately prior to the Effective Time was accelerated and converted into the right to receive the Merger Consideration pursuant to the Merger Agreement.
Key Figures
Shares converted to cash: 16,888 shares
Cash merger consideration per share: $26.25 per share
Unvested restricted shares forfeited: 4,203 shares
+3 more
6 metrics
Shares converted to cash
16,888 shares
Common stock cancelled and converted into the right to receive $26.25 per share in cash at the merger’s effective time
Cash merger consideration per share
$26.25 per share
Price for each issued and outstanding TruBridge common share converted into cash in the merger
Unvested restricted shares forfeited
4,203 shares
Portion of Harse’s unvested restricted stock forfeited at the merger’s effective time under the merger agreement
Shares held after one disposition line
0 shares
Total TruBridge common shares shown as held following one reported issuer disposition
Merger agreement date
April 23, 2026
Date of the Agreement and Plan of Merger among TruBridge and Inventurus entities
Merger effective date
July 9, 2026
Date Merger Sub merged with and into TruBridge, with TruBridge surviving as a wholly owned subsidiary
Key Terms
Agreement and Plan of Merger, Merger Consideration, Effective Time, unvested restricted stock
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.
Merger Consideration financial
"was cancelled and converted into the right to receive $26.25 per share in cash ... (the "Merger Consideration")"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Effective Time regulatory
"forfeited 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.
unvested restricted stock financial
"portion of the reporting person's unvested restricted stock that was forfeited at the Effective Time"
FAQ
What did TruBridge (TBRG) executive David Harse report in this Form 4?
David Harse reported dispositions of TruBridge common stock to the issuer in connection with a merger. His shares were cancelled and converted into cash consideration, and certain unvested restricted shares were forfeited under the merger agreement.
What happened to David Harse’s unvested TruBridge (TBRG) restricted stock in the merger?
The filing states that 4,203 unvested restricted shares were forfeited at the merger’s effective time. Other unvested restricted shares held by Harse accelerated and converted into the right to receive the $26.25 per-share cash merger consideration.
What merger event involving TruBridge (TBRG) is referenced in this Form 4?
The Form 4 references a merger under an Agreement and Plan of Merger dated April 23, 2026. TruBridge became a wholly owned subsidiary of Inventurus Knowledge Solutions, Inc. when the merger closed on July 9, 2026.
Does David Harse hold any TruBridge (TBRG) common stock after these transactions?
One transaction line shows 0 shares of TruBridge common stock held following the disposition. This reflects the cancellation and cash-out of shares in the merger and the forfeiture of certain unvested restricted stock.