Alpha Cognition (ACOG) 10% Owner Opaleye Buys 200,086 Shares

What Happened
Opaleye Management Inc., reported as a 10% owner of Alpha Cognition, purchased a total of 200,086 ACOG shares in open-market transactions on July 22–23, 2026. The purchases consisted of 140,237 shares at $7.83 ($1,098,575), 10,000 shares at $7.83 ($78,337), and 49,849 shares at $7.80 ($388,588), for an aggregate cost of $1,565,500. These were purchases (code P) — institutional buys are often viewed as a bullish signal but do not prove management sentiment.

Key Details

• Transaction dates and reported prices:
  • 2026-07-22: 140,237 shares @ $7.83 ( $1,098,575 )
  • 2026-07-22: 10,000 shares @ $7.83 ( $78,337 )
  • 2026-07-23: 49,849 shares @ $7.80 ( $388,588 )
• Total purchased: 200,086 shares for $1,565,500.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1/F2: Some securities are held directly by an Opaleye fund 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; purchases occurred across price ranges of $7.75–$7.90 and $7.655–$7.8667. Opaleye can provide a breakdown on request.
  • F5: Opaleye disclaims beneficial ownership except to the extent of its pecuniary interest.
• Filing timeliness: Form 4 was filed on 2026-07-24 covering trades on 7/22–7/23 (filed within the standard 2-business-day window).

Context
This filing reflects institutional purchases by a 10% owner/manager, not trades by company executives. Institutional buys can indicate confidence or portfolio adjustments, but they do not reveal the manager’s motives. The filing’s footnotes emphasize that the shares are held across a fund and a managed account and that the reported per-share prices are weighted averages of multiple trades.