Opaleye Management Inc. 4

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.