Opaleye Management Inc. 4
4 · Alpha Cognition Inc. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Alpha Cognition (ACOG) 10% Owner Opaleye Management Buys Stock
What Happened
Opaleye Management Inc., reported as a 10% owner of Alpha Cognition (ACOG), made open-market purchases of ACOG common stock over three days. The filings show acquisitions of 4,182 shares at $5.59 ($23,377), 8,581 shares at $5.43 ($46,579), and 7,319 shares at $5.28 ($38,675), for a total of 20,082 shares purchased for $108,631. These were purchases (not sales), which represent investment activity by an institutional holder rather than an executive disposition.
Key Details
- Transaction dates and amounts:
- 2026-03-24: 4,182 shares @ $5.59 = $23,377
- 2026-03-25: 8,581 shares @ $5.43 = $46,579
- 2026-03-26: 7,319 shares @ $5.28 = $38,675
- Total purchased: 20,082 shares; total reported value: $108,631.
- Filing: Form 4 filed 2026-03-26 covering trades on Mar 24–26, 2026. The filing does not indicate a late filing.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
- Notable footnotes from the filing:
- F1/F2: Securities are held by affiliated vehicles (Opaleye, L.P. and a separately managed account); Opaleye Management is the investment/portfolio manager and may be deemed to beneficially own those securities.
- F3/F4: Some prices are reported as weighted averages covering multiple executions; full per-trade price breakdowns are available upon request to the SEC/issuer/shareholders.
- F5: Opaleye Management disclaims beneficial ownership except to the extent of its pecuniary interest.
Context
Opaleye is an institutional 10% owner and the trades reflect portfolio/investment management activity, not insider executive trades. Purchases by institutional holders can signal increased interest but do not necessarily indicate management views. The filing is factual and does not state motivations.
Insider Transaction Report
- Purchase
Common Stock, no par value
[F1][F5]2026-03-24$5.59/sh+4,182$23,377→ 2,444,100 total(indirect: By Opaleye, L.P.) - Purchase
Common Stock, no par value
[F3][F1][F5]2026-03-25$5.43/sh+8,581$46,579→ 2,452,681 total(indirect: By Opaleye, L.P.) - Purchase
Common Stock, no par value
[F4][F1][F5]2026-03-26$5.28/sh+7,319$38,675→ 2,460,000 total(indirect: By Opaleye, L.P.)
- 90,000(indirect: By Managed Account)
Common Stock, no par value
[F2][F5]
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 $5.39 to $5.50. 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 $5.159 to $5.3243. 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.