Opaleye Management Inc. 4

What Happened Opaleye Management Inc., reported as a 10% owner/manager, acquired a total of 4,079 shares of Alpha Cognition, Inc. (ACOG) in two purchase transactions: 1,900 shares on 2026-03-06 at a weighted average price of $5.80 (≈ $11,018) and 2,179 shares on 2026-03-09 at a weighted average price of $5.85 (≈ $12,742). These were purchases (transaction code P) — purchases are often viewed as a more informative signal than routine sales, though this filing itself does not explain motivation.

Key Details

• Transaction dates & prices:
  • 2026-03-06 — 1,900 shares @ $5.80 (total ≈ $11,018)
  • 2026-03-09 — 2,179 shares @ $5.85 (total ≈ $12,742)
• Combined purchase: 4,079 shares for ≈ $23,760.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1/F2: Shares are owned directly by Opaleye-managed vehicles (Opaleye, L.P. and a separately managed account); as manager, Opaleye may be deemed to beneficially own those holdings.
  • F3/F4: Reported prices are weighted averages from multiple trades (ranges reported: $5.70–$5.85 and $5.785–$5.85).
  • F5: Opaleye disclaims beneficial ownership except to the extent of its pecuniary interest.
• Filing: Form 4 was filed 2026-03-10. Based on the trade dates (Mar 6 and Mar 9), the filing appears to be timely.

Context This activity comes from an institutional investment manager (Opaleye) related to fund/managed-account holdings rather than an individual company executive. That distinction matters because it reflects portfolio-management activity rather than insider corporate decision-making. The filing is factual and does not state rationale; retail investors should view these purchases as manager-driven acquisitions rather than direct executive signals.