Opaleye Management Inc. 4

What Happened Opaleye Management Inc., listed as a 10% owner of Alpha Cognition, reported purchases of ACOG common stock (transaction code P). On 2026-03-12 it acquired 5,708 shares at a weighted-average price of $5.85 for $33,416, and on 2026-03-13 it acquired 7,358 shares at a weighted-average price of $5.75 for $42,286 — a total of 13,066 shares for approximately $75,702. These were purchases (not sales), which reflect an institutional buy activity rather than an executive sale.

Key Details

• Transaction dates and prices:
  • 2026-03-12: 5,708 shares @ $5.85 (weighted avg) = $33,416. (F3: purchases ranged $5.84–$5.859)
  • 2026-03-13: 7,358 shares @ $5.75 (weighted avg) = $42,286. (F4: purchases ranged $5.696–$5.75)
• Transaction type: P = Purchase (open market or private purchase).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timing: Form 4 filed 2026-03-13 reporting transactions through 2026-03-12 (appears timely).
• Notable footnotes:
  • F1/F2: Shares are owned directly by Opaleye-managed vehicles (Opaleye, L.P. and a separately managed account); as manager, Opaleye Management may be deemed to beneficially own those holdings.
  • F3/F4: Reported prices are weighted averages from multiple trades; full per-trade prices are available on request to the SEC/issuer/security holders.
  • F5: Opaleye Management disclaims beneficial ownership except to the extent of its pecuniary interest.

Context

• This filing reflects institutional purchases by a 10% owner (investment manager of funds/accounts) rather than an individual executive; such buys indicate the manager increased positions in ACOG but do not, by themselves, reveal motivation or future expectations.
• Purchases were executed across multiple trades (hence weighted-average prices).