Opaleye Management Inc. 4

What Happened Opaleye Management Inc., reported as a 10% owner (as investment manager of related funds/accounts), purchased a total of 4,228 Alpha Cognition (ACOG) shares in open‑market transactions. On 2026-02-26 it acquired 590 shares at $5.99 each ($3,531) and on 2026-02-27 it acquired 3,638 shares at a weighted average price of $5.99 each ($21,797), for a combined outlay of $25,328. These were purchases (buy transactions), which retail investors often view as more informative than routine sales.

Key Details

• Transaction dates and prices:
  • 2026-02-26: Purchase of 590 shares at $5.99 — $3,531 total.
  • 2026-02-27: Purchase of 3,638 shares at a weighted average price $5.99 (prices ranged $5.975–$6.00) — $21,797 total.
• Total shares purchased: 4,228; total value: $25,328.
• Shares owned after transaction: Not specified in the excerpt provided in this summary (the Form 4 extract here does not disclose post‑transaction holdings).
• Notable footnotes:
  • F1/F2: Purchases represent securities owned by Opaleye funds/accounts; Opaleye Management is the manager and may be deemed to beneficially own those holdings.
  • F3/F4: Reported prices are weighted averages; transactions occurred at prices between $5.975 and $6.00 and the filer will provide a breakdown on request.
  • F5: Opaleye Management disclaims beneficial ownership except to the extent of its pecuniary interest.
• Filing: Form 4 was filed with accession date 2026-03-02 reporting the Feb 26–27 purchases.

Context

• This filing reflects institutional purchases by a 10% owner/manager, not an individual officer or director. Institutional buys can signal continued interest but are not the same as insider/officer voting or management moves.
• The filing contains standard clarifying footnotes about ownership and weighted average pricing; it does not indicate derivatives, option exercises, gifts, or tax‑withholding events.