Opaleye fund buys Alpha Cognition shares in market
Opaleye Management Inc., a ten percent owner of Alpha Cognition Inc., reported indirect open-market purchases of the company’s common stock.
Rhea-AI Filing Summary
Opaleye Management Inc., a ten percent owner of Alpha Cognition Inc., reported indirect open-market purchases of the company’s common stock. Through Opaleye, L.P., it bought 24,856 shares on June 9, 2026 at a weighted average price of $5.9758 and 5,872 shares on June 10, 2026 at $5.9873.
Following these trades, Opaleye, L.P. held 2,644,889 Alpha Cognition shares indirectly, while a separately managed account overseen by Opaleye held 90,000 shares. The firm notes these prices reflect ranges across multiple executions and disclaims beneficial ownership beyond its pecuniary interest in the securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 30,728 shares
Net Buy
3 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
30,728 shs ($184K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, no par value | 5,872 | $5.9873 | $35K |
| Purchase | Common Stock, no par value | 24,856 | $5.9758 | $149K |
| holding | Common Stock, no par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, no par value — 2,644,889 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 $5.9465 to $5.99. 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 $5.925 to $5.99. 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: 30,728 shares
June 9 purchase: 24,856 shares at $5.9758/share
June 10 purchase: 5,872 shares at $5.9873/share
+4 more
7 metrics
Total shares bought
30,728 shares
Net open-market purchases in June 2026
June 9 purchase
24,856 shares at $5.9758/share
Open-market buy by Opaleye, L.P.
June 10 purchase
5,872 shares at $5.9873/share
Open-market buy by Opaleye, L.P.
Fund holdings after trade
2,644,889 shares
Opaleye, L.P. indirect Alpha Cognition stake
Managed account holdings
90,000 shares
Separately managed account overseen by Opaleye
Price range June 9
$5.925–$5.99
Weighted-average price range for June 9 purchases
Price range June 10
$5.9465–$5.99
Weighted-average price range for June 10 purchases
Key Terms
open-market purchase, weighted average price, separately managed account, beneficially own, +1 more
5 terms
open-market purchase financial
"transaction_action is described as an open-market purchase of 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.
weighted average price financial
"The price reported is a weighted average price for 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.
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.
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.
pecuniary interest financial
"disclaims beneficial ownership except to the extent of its pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Opaleye report for Alpha Cognition (ACOG)?
Opaleye Management reported indirect open-market purchases of Alpha Cognition common stock through its Opaleye, L.P. fund. It filed a Form 4 showing two buy transactions in June 2026 plus updated holdings for both the fund and a separately managed account it oversees.
Does Opaleye claim full beneficial ownership of its Alpha Cognition (ACOG) holdings?
Opaleye Management disclaims beneficial ownership of the reported Alpha Cognition shares except to the extent of its pecuniary interest. The filing states that reporting these positions should not be construed as an admission of beneficial ownership for Section 16(a) or any other legal purpose.
How were the Alpha Cognition (ACOG) purchase prices for Opaleye’s trades determined?
The reported prices are weighted averages for each trading day. Footnotes explain that the June 9, 2026 purchases occurred between $5.925 and $5.99, while June 10, 2026 trades ranged from $5.9465 to $5.99. Detailed breakdowns are available upon request to the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
