Opaleye Management (ACOG) adds 34,043 Alpha Cognition shares via fund purchases
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Opaleye Management Inc., a more than 10% owner of Alpha Cognition Inc., reported additional indirect open-market purchases of the company’s common stock. Through Opaleye, L.P., it bought 17,395 shares at a weighted average price of $5.6926 on May 18 and 16,648 shares at $5.8257 on May 15, for a total of 34,043 shares. Following these trades, Opaleye, L.P. held 2,505,993 shares, and a separately managed account overseen by Opaleye held 90,000 shares. The filing notes that Opaleye Management may be deemed to beneficially own these securities but disclaims beneficial ownership beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Indirect open-market buying increases Alpha Cognition exposure, but scale appears routine.
Opaleye Management Inc., as investment manager of Opaleye, L.P. and portfolio manager of a separately managed account, reported net open-market purchases of 34,043 Alpha Cognition common shares at weighted average prices around $5.69–$5.83. These are indirect positions held by client vehicles, not by Opaleye personally.
After these transactions, Opaleye, L.P. held 2,505,993 shares and the managed account held 90,000 shares, indicating a sizable but stable stake with modest incremental buying. The Form 4 expressly states Opaleye Management disclaims beneficial ownership except for its pecuniary interest, which limits how directly these holdings reflect the firm’s own balance sheet exposure.
Insider Trade Summary
Net Buyer: 34,043 shares ($196,009)
Net Buy
3 txns
Insider
Opaleye Management Inc.
Role
null
Bought
34,043 shs ($196K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, no par value | 17,395 | $5.6926 | $99K |
| Purchase | Common Stock, no par value | 16,648 | $5.8257 | $97K |
| holding | Common Stock, no par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, no par value — 2,505,993 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 $5.75 to $5.83. 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 $5.60 to $5.87. 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 purchased May 18: 17,395 shares
Shares purchased May 15: 16,648 shares
Total shares bought: 34,043 shares
+3 more
6 metrics
Shares purchased May 18
17,395 shares
Common Stock open-market purchase at $5.6926
Shares purchased May 15
16,648 shares
Common Stock open-market purchase at $5.8257
Total shares bought
34,043 shares
Net open-market purchases reported in this Form 4
Fund holdings after trades
2,505,993 shares
Opaleye, L.P. Common Stock position following purchases
Managed account holdings
90,000 shares
Separately managed account Common Stock position
Weighted average price May 15
$5.8257 per share
Multiple transactions within $5.75–$5.83 range
Key Terms
open-market purchase, separately managed account, beneficially own, 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.
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
"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.
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 did Opaleye Management Inc. report in this Alpha Cognition (ACOG) Form 4?
Opaleye Management Inc. reported indirect open-market purchases of Alpha Cognition common stock. Through Opaleye, L.P., it acquired 34,043 shares in two trades, increasing client-related holdings while continuing to disclaim beneficial ownership beyond its pecuniary interest.
What are Opaleye’s total indirect Alpha Cognition (ACOG) holdings after these transactions?
Following the reported trades, Opaleye, L.P. held 2,505,993 Alpha Cognition shares, and a separately managed account overseen by Opaleye held 90,000 shares. These positions are indirect, with Opaleye Management citing only pecuniary interest, not full beneficial ownership.
Were these Alpha Cognition (ACOG) transactions open-market purchases?
Yes. The Form 4 classifies both reportable trades as open-market purchases of Alpha Cognition common stock. Transaction code P confirms purchase activity, and the filing describes weighted average prices across multiple executions within specified price ranges on each trade date.