Form 4: Opaleye Management Buys Alpha Cognition Shares

Opaleye Management Inc. reported the acquisition of additional shares in Alpha Cognition Inc. through its managed fund and account.

Summary

• Opaleye Management Inc., acting as the investment manager for Opaleye, L.P. and a separately managed account, has acquired additional shares of Alpha Cognition Inc. (ACOG).
• On June 9, 2026, 24,856 shares were acquired at a weighted average price of $5.9758.
• On June 10, 2026, an additional 5,872 shares were acquired at a weighted average price of $5.9873.
• Following these transactions, Opaleye, L.P. beneficially owns 2,639,017 shares, and the total beneficial ownership attributed to Opaleye Management Inc. through the fund and managed account is 2,644,889 shares, plus an additional 90,000 shares held in the Managed Account.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive filing due to the increased beneficial ownership by a significant entity, suggesting confidence, though the disclaimer on beneficial ownership tempers the strength of the signal.

Positives

• Opaleye Management Inc. increased its beneficial ownership in Alpha Cognition Inc., indicating continued confidence in the company.
• The acquisitions were made at prices between $5.925 and $5.99, suggesting strategic entry or addition to positions within a narrow price range.

Negatives

• The filing does not contain information that can be construed as negative.

Risks

• Opaleye Management Inc. disclaims beneficial ownership of the shares except to the extent of its pecuniary interest, which is a standard disclosure but highlights potential separation of voting rights from economic interest.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports on past transactions.

Management Comments

• 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.

Industry Context

StockSavvy.ai notes that Form 4 filings are crucial for tracking insider activity. Significant purchases by major shareholders like Opaleye Management Inc. can signal positive sentiment towards Alpha Cognition Inc.'s prospects within the biotechnology or healthcare technology sector.

Stakeholder Impact

• Shareholders may view the increased stake by Opaleye Management Inc. as a positive signal, potentially influencing investor sentiment.
• The filing provides transparency for all stakeholders regarding insider holdings.

Next Steps

• Continued monitoring of Opaleye Management Inc.'s holdings and any future transactions related to Alpha Cognition Inc.

Key Dates

Recommendation

The filing indicates increased investment by a significant entity, which is a positive signal. However, as it's a Form 4 reporting past transactions and not a strategic update or financial performance report, a 'hold' recommendation is appropriate, suggesting investors should continue to monitor the company's fundamentals and future disclosures.

Keywords

Opaleye Management, Alpha Cognition, ACOG, Form 4, Insider Trading, Beneficial Ownership, Share Acquisition, Investment Management