Form 4: Opaleye Management Increases Stake in Alpha Cognition
Statement of Changes in Beneficial Ownership
Opaleye Management Inc. reported the acquisition of 73,738 shares of Alpha Cognition Inc. common stock between May 27 and May 29, 2026.
Summary
- Opaleye Management Inc. purchased a total of 73,738 shares of Alpha Cognition Inc. (ACOG) common stock.
- The acquisitions occurred across three trading days: May 27, May 28, and May 29, 2026.
- Purchases were made at weighted average prices ranging from $5.73 to $5.8999 per share.
- Following these transactions, the reporting entity beneficially owns 2,604,107 shares via Opaleye, L.P. and 90,000 shares via a managed account.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a positive signal, as it reflects active buying interest from a major shareholder, which typically supports share price stability.
Positives
- Significant increase in shareholding by a 10% owner indicates institutional confidence in the issuer.
- Consistent accumulation of shares over three consecutive trading days suggests a deliberate strategy to increase position size.
Negatives
- None noted in this filing.
Risks
- Market volatility affecting the value of the accumulated position.
- Concentration risk for the reporting entity due to its significant ownership stake in the issuer.
Future Outlook
Not applicable as this is a statement of changes in beneficial ownership.
Industry Context
StockSavvy.ai notes that institutional accumulation of small-cap biotech or pharmaceutical stocks often signals anticipation of upcoming clinical data or strategic milestones.
Comparison to Industry Standards
- The accumulation of shares by a 10% owner is consistent with standard institutional portfolio management practices for growth-stage companies.
Stakeholder Impact
- Shareholders may view the increased institutional stake as a vote of confidence in the company's long-term prospects.
Next Steps
- Continued monitoring of future Form 4 filings to track further accumulation or divestment by Opaleye Management.
Key Dates
| Date | Description |
|---|---|
| 05/27/2026 | Earliest transaction date for the reported share purchases. |
| 05/28/2026 | Second transaction date for share purchases. |
| 05/29/2026 | Final transaction date and filing date of the Form 4. |
Keywords
Alpha Cognition, ACOG, Opaleye Management, Form 4, Insider Trading, Institutional Ownership
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