Opaleye buys 73,738 Alpha Cognition shares
Opaleye Management Inc., a 10% owner of Alpha Cognition Inc., reported a series of indirect open-market purchases of common stock.
Rhea-AI Filing Summary
Opaleye Management Inc., a 10% owner of Alpha Cognition Inc., reported a series of indirect open-market purchases of common stock. Through Opaleye, L.P., it bought a total of 73,738 shares on May 27–29, 2026 at prices around $5.73–$5.90 per share.
After these trades, indirect holdings by Opaleye, L.P. increased to 2,604,107 shares of common stock, while a separately managed account holds 90,000 shares. Opaleye Management may be deemed to beneficially own these securities to the extent of its pecuniary interest and expressly disclaims broader beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 73,738 shares
Net Buy
4 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
73,738 shs ($435K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, no par value | 70,577 | $5.8999 | $416K |
| Purchase | Common Stock, no par value | 2,000 | $5.832 | $12K |
| Purchase | Common Stock, no par value | 1,161 | $5.73 | $7K |
| holding | Common Stock, no par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, no par value — 2,604,107 shares (Indirect, By Opaleye, L.P.);
Common Stock, no par value — 90,000 shares (Indirect, By Managed Account)
Footnotes (5)
- 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 $5.82 to $5.85. 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. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.88 to $5.90. 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.
- F5. 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.
Key Figures
Total shares bought: 73,738 shares
May 29 purchase: 70,577 shares at $5.8999/share
May 28 purchase: 2,000 shares at $5.8320/share
+3 more
6 metrics
Total shares bought
73,738 shares
Net open-market purchases disclosed in Form 4
May 29 purchase
70,577 shares at $5.8999/share
Common stock, open-market purchase on May 29, 2026
May 28 purchase
2,000 shares at $5.8320/share
Common stock, open-market purchase on May 28, 2026
May 27 purchase
1,161 shares at $5.7300/share
Common stock, open-market purchase on May 27, 2026
Holdings via Opaleye, L.P.
2,604,107 shares
Indirect common stock ownership following May 29, 2026 trade
Managed account holdings
90,000 shares
Indirect common stock holdings by a separately managed account
Key Terms
open-market purchase, beneficially own, separately managed account, weighted average price, +1 more
5 terms
open-market purchase financial
"transaction_action: "open-market purchase" for common stock transactions"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially own financial
"may be deemed to beneficially own the securities owned directly by the Fund"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
separately managed account financial
"Securities owned by a separately managed account (the "Managed Account")."
A separately managed account (SMA) is a personalized investment portfolio owned by a single investor and run by a professional manager who buys and sells securities on that investor’s behalf. It matters to investors because an SMA offers tailored asset selection, tax handling, and transparency—like hiring a personal chef who prepares meals to your dietary needs rather than sharing a set menu—so you can align holdings with your goals and see exactly what you own.
weighted average price financial
"The price reported is a weighted average price. These shares were purchased in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is Opaleye’s Alpha Cognition (ACOG) stake after these trades?
After the reported purchases, Opaleye, L.P. holds 2,604,107 Alpha Cognition shares indirectly. A separately managed account associated with Opaleye holds an additional 90,000 shares, as disclosed in the Form 4 holding entry.
Were Opaleye’s Alpha Cognition (ACOG) trades open-market purchases?
Yes. The Form 4 classifies the transactions with code P, described as open-market or private purchases of common stock. These are non-derivative trades, not option exercises or conversions, according to the transaction details provided.
AI-generated analysis. How Rhea-AI works. Not financial advice.
