Opaleye Management Inc. 4
4 · Alpha Cognition Inc. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Alpha Cognition (ACOG) 10% Owner Opaleye Management Buys 152,533 Shares
What Happened
Opaleye Management Inc., reported as a 10% owner/manager for related investment vehicles, acquired a total of 152,533 Alpha Cognition (ACOG) shares in open-market purchases on June 25–26, 2026. The filing lists a 197-share purchase at $6.50 on June 25 (≈ $1,281) and a larger purchase (reported as 152,336 shares) at a weighted average price (reported as $6.40) on June 26 (≈ $975,209). Total reported consideration for these transactions is about $976,490. These were purchases (a net buy), which retail investors often view as a more informative signal than routine sales.
Key Details
- Transaction dates and prices:
- 2026-06-25: 197 shares @ $6.50 = $1,281.
- 2026-06-26: 152,336 shares @ $6.40 (weighted avg; range $6.335–$6.50) = $975,209 (filing offers to provide per-price breakdown on request).
- Total acquired: 152,533 shares for approximately $976,490.
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes of note:
- F1/F2: Shares are held by related 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.
- F3: June 26 price is a weighted average; specific per-lot prices can be provided on request.
- F4: Opaleye Management disclaims beneficial ownership except for its pecuniary interest.
- Timeliness: Form 4 was filed on 2026-06-29 for transactions on 2026-06-25 and 2026-06-26; the filing was timely under Section 16 reporting rules.
Context
Opaleye is an institutional 10% owner/manager rather than an individual executive; such filings reflect purchases by investment vehicles managed by Opaleye rather than insider executives. The filing is purely transactional and includes standard disclosures (manager/managed-account relationships and a disclaimer of broader beneficial ownership). There is no indication of derivative transactions, option exercises, gifts, or tax-withholding in this report.
Insider Transaction Report
- Purchase
Common Stock, no par value
[F1][F4]2026-06-25$6.50/sh+197$1,281→ 2,652,771 total(indirect: By Opaleye, L.P.) - Purchase
Common Stock, no par value
[F3][F1][F4]2026-06-26$6.40/sh+152,336$975,209→ 2,805,107 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 $6.335 to $6.50. 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.