Alpha Cognition (ACOG) Form 4: Director disposes 27,778 shares at $9

Rhea-AI Filing Summary

Alpha Cognition director Phillip Joseph Mertz reported a sale of 27,778 common shares on 08/18/2025 at a reported price of $9 per share. After the transaction he beneficially owns 22,462 shares directly and 12,560 shares indirectly through Mertz Holdings. The Form 4 includes a standard disclaimer that the reporting person disclaims beneficial ownership except to the extent of pecuniary interest, and it is signed by Phillip Mertz on 08/20/2025.

Positive

• None.

Negative

• Insider sale disclosed: Director sold 27,778 shares on 08/18/2025 at $9 per share, which investors may view as a reduction in insider holdings
• Limited context provided: Form 4 does not state whether the sale was pursuant to a trading plan or the reason for the disposition

Insights

Securities Analyst

TL;DR Director Phillip Mertz sold 27,778 ACOG shares at $9, leaving direct and indirect holdings disclosed on Form 4.

The filing documents an open-market sale coded "S" on 08/18/2025 for 27,778 common shares at a reported price of $9. Post-transaction ownership is reported as 22,462 shares directly and 12,560 indirectly via Mertz Holdings. The report contains the customary disclaimer limiting implied beneficial ownership and is signed on 08/20/2025. This is a routine insider sale disclosure; the Form does not provide context such as percentage of outstanding shares, intent for proceeds, or any derivative activity.

Corporate Governance Expert

TL;DR A company director disclosed an ordinary sale; the filing follows Section 16 reporting requirements and includes the standard disclaimer.

The Form 4 identifies the reporting person as a director and reports a single non-derivative transaction (sale) on 08/18/2025. Ownership detail is split between direct and indirect holdings, and the signature block is present. The filing does not indicate any plan-driven (10b5-1) designation or amendment, nor does it disclose any derivative transactions. As filed, the document meets basic Section 16 reporting conventions without additional governance disclosures.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MERTZ PHILLIP JOSEPH

(Last) (First) (Middle)

C/O ALPHA COGNITION INC.

1452 HUGHES RD., STE 200

(Street)

GRAPEVINE TX 76051

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alpha Cognition Inc. [ ACOG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/18/2025		S		27,778	D	$9	22,462	D
Common Shares								12,560	I	By Mertz Holdings(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

	/s/ Phillip Mertz	08/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Phillip Mertz report for ACOG?

He reported a sale of 27,778 common shares on 08/18/2025 at a reported price of $9 per share.

How many ACOG shares does Phillip Mertz beneficially own after the reported transaction?

The Form 4 reports 22,462 shares owned directly and 12,560 shares owned indirectly through Mertz Holdings.

What is the reporting person’s relationship to Alpha Cognition (ACOG)?

The form indicates the reporting person is a Director of Alpha Cognition Inc.

When was the Form 4 signed and filed?

The signature block shows Phillip Mertz signed the Form on 08/20/2025.

Does the Form 4 disclose any derivative transactions or 10b5-1 plan?

No derivative transactions or 10b5-1 plan designation are disclosed in the provided Form 4 content.