Opaleye Management Inc. 4
4 · Alpha Cognition Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Alpha Cognition (ACOG) 10% Owner Opaleye Management Buys Shares
What Happened Opaleye Management Inc., the investment manager for certain Opaleye accounts and a reported 10% owner of Alpha Cognition Inc. (ACOG), made open-market purchases of ACOG stock on March 4–5, 2026. The filing reports three purchases totaling 66,818 shares: 19,795 shares at a weighted average price of $5.81 (≈ $115,001), 42,023 shares at $5.80 (≈ $243,633), and 5,000 shares at $5.80 (≈ $28,988). Aggregate consideration is about $387,622. These were purchases (a buying activity, which retail investors often view as a more informative signal than routine sales).
Key Details
- Transaction dates and amounts:
- 2026-03-04: 19,795 shares @ $5.81 — $115,001
- 2026-03-05: 42,023 shares @ $5.80 — $243,633
- 2026-03-05: 5,000 shares @ $5.80 — $28,988
- Total: 66,818 shares, ≈ $387,622
- Prices are reported as weighted averages; the filing discloses the underlying trade price ranges were approximately $5.70–$5.8689 and that Opaleye can provide a breakdown on request.
- Shares owned after the transactions are not specified in the Form 4.
- Filing date: 2026-03-06 (covers transactions on Mar 4–5, 2026); filing appears timely based on reported dates.
- Relevant footnotes:
- F1/F2: Purchases represent shares owned by Opaleye-managed vehicles (a Fund and a separately managed account); Opaleye, as manager/portfolio manager, may be deemed to beneficially own those securities.
- F5: Opaleye disclaims beneficial ownership except to the extent of its pecuniary interest.
Context
- This is institutional trading by a 10% owner/manager rather than an individual company executive — such purchases reflect activity by an investment manager for client/fund accounts, not necessarily personal convictions of an officer.
- The filing contains standard weighted-average pricing disclosures and a disclaimer of beneficial ownership; no options, awards, gifts, or tax-withholding events were reported.
Insider Transaction Report
Form 4
Opaleye Management Inc.
10% Owner
Transactions
- Purchase
Common Stock, no par value
[F3][F1][F5]2026-03-04$5.81/sh+19,795$115,001→ 2,374,844 total(indirect: By Opaleye, L.P.) - Purchase
Common Stock, no par value
[F4][F1][F5]2026-03-05$5.80/sh+42,023$243,633→ 2,416,867 total(indirect: By Opaleye, L.P.) - Purchase
Common Stock, no par value
[F4][F2][F5]2026-03-05$5.80/sh+5,000$28,988→ 90,000 total(indirect: By Managed Account)
Footnotes (5)
- [F1]Represents securities owned directly by Opaleye, L.P. (the "Fund"). As the investment manager of the Fund, Opaleye Management Inc. may be deemed to beneficially own the securities owned directly by the Fund.
- [F2]Securities owned by a separately managed account (the "Managed Account"). As the portfolio manager of the Managed Account, Opaleye may be deemed to beneficially own the securities owned directly by the Managed Account.
- [F3]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.72 to $5.8689. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price within the range.
- [F4]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.70 to $5.85. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price within the range.
- [F5]Opaleye Management Inc. disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that Opaleye Management Inc. is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Signature
Opaleye Management Inc., By: /s/ James Silverman, President|2026-03-06