Opaleye Management Inc. 4
4 · Alpha Cognition Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Alpha Cognition (ACOG) 10% Owner Opaleye Management Buys 10,054 Shares
What Happened
Opaleye Management Inc., reported as a 10% owner of Alpha Cognition, purchased 10,054 shares on June 5, 2026. The filing shows a weighted-average purchase price of $5.83 per share for a total outlay of $58,596. The transaction is coded as a purchase (P) — an acquisition rather than a sale.
Key Details
- Transaction date: 2026-06-05; Form 4 filed 2026-06-09 (within the two-business-day reporting window).
- Transaction type: P = open market or private purchase.
- Price: weighted average $5.83; purchases occurred in multiple trades at $5.82–$5.85 (footnote F3). Reporting person will provide a breakdown on request.
- Shares acquired: 10,054; total value ≈ $58,596.
- Shares owned after transaction: not disclosed in this filing.
- Notable footnotes:
- F1/F2 – Securities are held directly by Opaleye-managed vehicles (Opaleye, L.P. and a separately managed account); Opaleye Management acts as investment/portfolio manager and may be deemed to beneficially own those securities.
- F4 – Opaleye Management disclaims beneficial ownership except to the extent of its pecuniary interest.
- F3 – price is weighted average across multiple trades (range provided).
Context
This is an institutional purchase by a reported 10% owner/manager, not an individual executive. Institutional buys can reflect portfolio allocation decisions rather than personal views of company insiders; the filing is factual and does not state a motive. The timely Form 4 filing means the trade was reported within required SEC deadlines.
Insider Transaction Report
- Purchase
Common Stock, no par value
[F3][F1][F4]2026-06-05$5.83/sh+10,054$58,596→ 2,614,161 total(indirect: By Opaleye, L.P.)
- 90,000(indirect: By Managed Account)
Common Stock, no par value
[F2][F4]
Footnotes (4)
- [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]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.