Opaleye boosts Alpha Cognition (ACOG) stake with open-market share buy
Rhea-AI Filing Summary
Alpha Cognition Inc. insider Opaleye Management Inc., a more than ten percent owner, reported an indirect open-market purchase of 10,054 shares of common stock on June 5, 2026 at a weighted average price of $5.8281 per share, with trades executed between $5.82 and $5.85. These shares are held by Opaleye, L.P., for which Opaleye Management serves as investment manager, bringing that fund’s holdings to 2,614,161 shares of Alpha Cognition common stock. A separately managed account associated with Opaleye Management also holds 90,000 shares. Opaleye Management states it may be deemed to beneficially own these securities but disclaims beneficial ownership except to the extent of its pecuniary interest.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 10,054 shares
Net Buy
2 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
10,054 shs ($59K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, no par value | 10,054 | $5.8281 | $59K |
| holding | Common Stock, no par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, no par value — 2,614,161 shares (Indirect, By Opaleye, L.P.);
Common Stock, no par value — 90,000 shares (Indirect, By Managed Account)
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 $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. 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
Shares purchased: 10,054 shares
Weighted avg purchase price: $5.8281 per share
Purchase price range: $5.82–$5.85 per share
+3 more
6 metrics
Shares purchased
10,054 shares
Open-market purchase on June 5, 2026
Weighted avg purchase price
$5.8281 per share
Common stock, no par value
Purchase price range
$5.82–$5.85 per share
Multiple transactions on June 5, 2026
Fund holdings after trade
2,614,161 shares
Opaleye, L.P. common stock position following transaction
Managed account holdings
90,000 shares
Separately managed account associated with Opaleye
Net buy shares
10,054 shares
Net buy-sell direction reported as net-buy
Key Terms
open-market purchase, weighted average price, beneficially own, separately managed account, +1 more
5 terms
open-market purchase financial
"Purchase in open market or private transaction"
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.
weighted average price financial
"The price reported is a weighted average price."
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.
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.
pecuniary interest financial
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Opaleye report for Alpha Cognition (ACOG)?
Opaleye Management Inc. reported an indirect open-market purchase of 10,054 Alpha Cognition shares. The transaction occurred on June 5, 2026, at a weighted average price of $5.8281 per share, with trades executed between $5.82 and $5.85.
Does Opaleye Management Inc. claim full beneficial ownership of its Alpha Cognition (ACOG) holdings?
Opaleye Management Inc. expressly disclaims beneficial ownership of the reported Alpha Cognition shares except for its pecuniary interest. It notes it may be deemed to beneficially own securities held by Opaleye, L.P. and a separately managed account due to its management roles.