Opaleye adds to Alpha Cognition (ACOG) stake with open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Opaleye Management Inc., a 10% owner of Alpha Cognition Inc., reported open‑market purchases of common stock made through Opaleye, L.P. between June 11 and June 15, 2026. The fund bought 2,862 shares at $5.9053, 273 shares at $5.9321, and 4,550 shares at $5.9896 per share.
After these trades, Opaleye, L.P. held 2,652,574 Alpha Cognition shares indirectly attributed to Opaleye Management Inc., while a separately managed account held 90,000 shares. Opaleye Management Inc. may be deemed to beneficially own these securities but disclaims beneficial ownership beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,685 shares ($45,773)
Net Buy
4 txns
Insider
Opaleye Management Inc.
Role
null
Bought
7,685 shs ($46K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, no par value | 4,550 | $5.9896 | $27K |
| Purchase | Common Stock, no par value | 273 | $5.9321 | $2K |
| Purchase | Common Stock, no par value | 2,862 | $5.9053 | $17K |
| holding | Common Stock, no par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, no par value — 2,652,574 shares (Indirect, By Opaleye, L.P.)
Footnotes (1)
- 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. 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. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.87 to $5.91. 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. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.9275 to $5.94. 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. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.97 to $5.9896. 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. 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 bought June 11, 2026: 2,862 shares at $5.9053
Shares bought June 12, 2026: 273 shares at $5.9321
Shares bought June 15, 2026: 4,550 shares at $5.9896
+3 more
6 metrics
Shares bought June 11, 2026
2,862 shares at $5.9053
Open-market purchase by Opaleye, L.P.
Shares bought June 12, 2026
273 shares at $5.9321
Open-market purchase by Opaleye, L.P.
Shares bought June 15, 2026
4,550 shares at $5.9896
Open-market purchase by Opaleye, L.P.
Fund holdings after trades
2,652,574 shares
Common stock held by Opaleye, L.P. after June 15, 2026
Managed account holdings
90,000 shares
Common stock held by a separately managed account
Net shares bought
7,685 shares
Net-buy direction in transaction summary
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""
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."
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
What insider activity did Opaleye report for Alpha Cognition (ACOG)?
Opaleye Management Inc. reported indirect open-market purchases of Alpha Cognition common stock through Opaleye, L.P. in mid-June 2026. These Form 4 transactions reflect additional buying rather than sales, increasing the fund’s reported holdings in the issuer’s common shares.
What are Opaleye’s reported Alpha Cognition (ACOG) holdings after these trades?
Following the June 2026 purchases, Opaleye, L.P. is shown holding 2,652,574 Alpha Cognition shares. A separately managed account is shown holding an additional 90,000 shares, both positions reported as indirect holdings attributable to Opaleye Management Inc. in the filing.
What do the weighted average prices mean in the Alpha Cognition (ACOG) Form 4?
The filing explains that reported trade prices are weighted averages from multiple executions within stated price ranges. Opaleye undertakes to provide, upon request, detailed breakdowns of the number of Alpha Cognition shares purchased at each individual price within those disclosed ranges.