Opaleye Management Inc. 4

What Happened

• Opaleye Management Inc., disclosed as a 10% owner of Alpha Cognition (ACOG), acquired shares in two open-market purchases: 24,856 shares on 2026-06-09 at a weighted average price of $5.98 (≈ $148,534) and 5,872 shares on 2026-06-10 at a weighted average price of $5.99 (≈ $35,157). Total purchased = 30,728 shares for roughly $183,691. These were purchases (code P), which are direct acquisitions rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-06-09: 24,856 shares @ $5.98 (weighted avg); price range reported 5.9465–5.99 (footnote F3).
  • 2026-06-10: 5,872 shares @ $5.99 (weighted avg); price range reported 5.925–5.99 (footnote F4).
• Shares owned after the transactions: not specified in the filing.
• Footnotes of note:
  • F1/F2: Securities are held directly by a Fund (Opaleye, L.P.) and a separately managed account; Opaleye Management is the investment/portfolio manager and may be deemed to beneficially own those holdings.
  • F3/F4: Reported prices are weighted averages across multiple trades; the filer can provide transaction-level price breakdowns on request.
  • F5: Opaleye Management disclaims beneficial ownership except to the extent of its pecuniary interest.
• Filing timeliness: Form 4 was filed 2026-06-11 reporting trades on 2026-06-09 and 06-10; the filing does not indicate a late report.

Context

• This filing reports institutional purchases by a 10% owner (via fund/managed account), not an individual company executive. Such institutional buys reflect portfolio activity and can be informative but are not the same as insider (management) purchases. The weighted-average prices and footnotes indicate multiple smaller trades rather than a single block trade.