Opaleye Management Inc. 4

What Happened

• Opaleye Management Inc., reported as a 10% owner of Alpha Cognition Inc. (ACOG), made open-market purchases of ACOG common stock on June 11, June 12 and June 15, 2026. Total purchases were 7,685 shares for about $45,773 (aggregate).
  • June 11, 2026: 2,862 shares at a weighted average price of $5.91 — $16,901.
  • June 12, 2026: 273 shares at a weighted average price of $5.93 — $1,619.
  • June 15, 2026: 4,550 shares at a weighted average price of $5.99 — $27,253.
• These were purchases (Transaction code P), which retail investors often view as a positive signal, though the filing itself does not state any motive.

Key Details

• Transaction dates and prices: 6/11 (2,862 @ ~$5.91), 6/12 (273 @ ~$5.93), 6/15 (4,550 @ ~$5.99). Reported totals = 7,685 shares / ~$45,773.
• Price ranges (per footnotes): 6/11 trades ranged $5.87–$5.91; 6/12 trades ranged $5.9275–$5.94; 6/15 trades ranged $5.97–$5.9896. Weighted averages shown on Form 4; detailed breakdowns are available on request to the SEC or issuer.
• Ownership after transaction: Not specified in the provided summary of this filing.
• Footnotes: F1/F2 note purchases were made for a Fund (Opaleye, L.P.) and a separately managed account; as manager, Opaleye may be deemed to beneficially own those securities. F6 contains Opaleye’s disclaimer limiting claimed beneficial ownership to its pecuniary interest.
• Timeliness: Form filed 2026-06-15 for transactions dated 6/11–6/15. Filing date is within the SEC’s two-business-day reporting window for these trades and is not marked late.

Context

• Opaleye is a large institutional investor (reported as >10% owner), not an Alpha Cognition executive — this is institutional trading rather than insider executive transactions. Institutional purchases can indicate interest but do not by themselves reveal intent or guarantee future stock performance.