Opaleye buys 152K Alpha Cognition shares
Opaleye Management Inc., a more than ten percent holder of Alpha Cognition Inc., reported open‑market purchases of the company’s common stock.
Rhea-AI Filing Summary
Opaleye Management Inc., a more than ten percent holder of Alpha Cognition Inc., reported open‑market purchases of the company’s common stock. Through Opaleye, L.P., it bought 152,336 shares on June 26, 2026 at a weighted average price of $6.4017 per share, and 197 shares on June 25, 2026 at $6.50 per share. After these trades, Opaleye, L.P. held 2,805,107 shares indirectly, while a separately managed account held 90,000 shares. The filing notes these prices reflect multiple trades between $6.335 and $6.50 and that Opaleye Management 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: 152,533 shares
Net Buy
3 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
152,533 shs ($976K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, no par value | 152,336 | $6.4017 | $975K |
| Purchase | Common Stock, no par value | 197 | $6.50 | $1K |
| holding | Common Stock, no par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, no par value — 2,805,107 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 $6.335 to $6.50. 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
June 26 open-market purchase: 152,336 shares at $6.4017/share
June 25 open-market purchase: 197 shares at $6.50/share
Indirect holdings via Opaleye, L.P.: 2,805,107 shares
+3 more
6 metrics
June 26 open-market purchase
152,336 shares at $6.4017/share
Common Stock, transaction date June 26, 2026
June 25 open-market purchase
197 shares at $6.50/share
Common Stock, transaction date June 25, 2026
Indirect holdings via Opaleye, L.P.
2,805,107 shares
Total common shares following June 26, 2026 transaction
Managed account holdings
90,000 shares
Separately managed account common shares as of June 25, 2026
Net shares bought
152,533 shares
Net-buy direction across reported transactions
Trade price range
$6.335–$6.50
Range for June 26, 2026 trades underlying $6.4017 average
Key Terms
open-market purchase, beneficially own, separately managed account, weighted average price, +2 more
6 terms
open-market purchase financial
"reported open‑market purchases of the company’s common stock"
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
"Opaleye Management Inc. may be deemed to beneficially own the securities"
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 ... except to the extent of its pecuniary interest"
Section 16(a) regulatory
"for purposes of Section 16(a) of the Securities Exchange Act of 1934"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Opaleye Management report in its latest Form 4 for Alpha Cognition (ACOG)?
Opaleye Management reported open-market purchases of Alpha Cognition common stock. It acquired 152,336 shares on June 26, 2026 and 197 shares on June 25, 2026 through Opaleye, L.P., while also reporting a separately managed account position.
Does Opaleye Management Inc. claim full beneficial ownership of its Alpha Cognition (ACOG) holdings?
Opaleye Management Inc. states it may be deemed to beneficially own shares held by Opaleye, L.P. and the managed account, but expressly disclaims beneficial ownership except to the extent of its pecuniary interest. The Form 4 notes this applies for Section 16(a) purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
