Opaleye Management Inc. 4
4 · Alpha Cognition Inc. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Alpha Cognition (ACOG) 10% Owner Opaleye Management Buys Shares
What Happened Opaleye Management Inc., reported as a 10% owner of Alpha Cognition, made open-market purchases of ACOG stock on May 27–29, 2026. The purchases were: 1,161 shares at $5.73 ($6,653) on 5/27; 2,000 shares at a weighted average $5.83 ($11,664) on 5/28; and 70,577 shares at a weighted average $5.90 ($416,397) on 5/29 — a total of 73,738 shares for about $434,714. These were purchases (a bullish-type transaction in the sense of acquiring stock rather than selling).
Key Details
- Transaction dates/prices: 5/27 — 1,161 shares @ $5.73; 5/28 — 2,000 shares @ $5.83 (weighted avg; prices ranged $5.82–$5.85); 5/29 — 70,577 shares @ $5.90 (weighted avg; prices ranged $5.88–$5.90).
- Total value: ~$434,714 for 73,738 shares.
- Shares owned after transaction: not specified in the provided filing details.
- Filing: Form 4 filed 2026-05-29 reporting transactions dated 2026-05-27–05-29 (appears timely based on typical Form 4 rules).
- Footnotes: F1/F2 note the shares are held directly by Opaleye-affiliated funds/accounts (Opaleye may be deemed to beneficially own those securities as manager/portfolio manager). F3/F4 note the reported prices are weighted averages for multiple trades (breakdowns available on request). F5 disclaims beneficial ownership except to the extent of pecuniary interest.
Context Opaleye is an institutional investor (reported as a 10% owner), not an individual executive; such filings reflect institutional buying rather than insider executive trading. The weighted-average footnotes indicate the larger blocks were executed in multiple trades at slightly varying prices; the filer can provide per-trade breakdowns if requested. This Form 4 reports purchases (not sales or option exercises) and therefore signals acquisition activity but does not, by itself, explain the buyer’s motivation.
Insider Transaction Report
- Purchase
Common Stock, no par value
[F1][F5]2026-05-27$5.73/sh+1,161$6,653→ 2,531,530 total(indirect: By Opaleye, L.P.) - Purchase
Common Stock, no par value
[F3][F1][F5]2026-05-28$5.83/sh+2,000$11,664→ 2,533,530 total(indirect: By Opaleye, L.P.) - Purchase
Common Stock, no par value
[F4][F1][F5]2026-05-29$5.90/sh+70,577$416,397→ 2,604,107 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 $5.82 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.
- [F4]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.88 to $5.90. 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.