Opaleye Management Inc. 4

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.