Alpha Cognition Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:ACOG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
18 Aug 25	BuyUS$127,328	Robert Wills	Individual	15,000	US$8.49
18 Aug 25	BuyUS$250,002	Len Mertz	Individual	27,778	US$9.00
18 Aug 25	SellUS$250,002	Phillip Mertz	Individual	27,778	US$9.00

Insider Trading Volume

Insider Buying: ACOG insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ACOG?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	221,277	1.06%
Individual Insiders	2,218,056	10.6%
Institutions	3,524,107	16.9%
Hedge Funds	4,252,986	20.3%
General Public	10,685,678	51.1%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 34.6%.

Top Shareholders

Top 25 shareholders own 48.21% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.97%	Opaleye Management Inc.	1,875,142	US$11.1m	0%	1.56%
6.13%	Solas Capital Management, LLC	1,282,192	US$7.6m	0.48%	4.55%
5.24%	AWM Investment Company Inc	1,095,652	US$6.5m	0%	0.69%
4.53%	Ikarian Capital, LLC	946,259	US$5.6m	3.09%	1.02%
4.16%	Cable Car Capital LLC	869,002	US$5.2m	0%	2.78%
3.93%	Morgan Frank	821,181	US$4.9m	0%	no data
1.81%	Manchester Management Company, LLC	379,343	US$2.3m	0%	2.85%
1.71%	Kenneth Cawkell	358,118	US$2.1m	63.9%	no data
1.62%	Sphera Funds Management Ltd	338,752	US$2.0m	-10.1%	0.3%
1.4%	Boothbay Fund Management, LLC	291,868	US$1.7m	10.8%	0.05%
1.37%	John Havens	285,587	US$1.7m	0%	no data
1.24%	Len Mertz	259,998	US$1.5m	16.3%	no data
1.1%	Nutie Dowdle	230,712	US$1.4m	0%	no data
1.06%	Rotorua Partners L.P.	221,277	US$1.3m	0%	no data
0.87%	James Besser	182,022	US$1.1m	0%	no data
0.79%	Aristides Capital LLC	165,458	US$982.8k	0%	0.29%
0.65%	Corsair Capital Management, L.P.	134,898	US$801.3k	0%	0.14%
0.35%	Marshall Wace LLP	72,212	US$428.9k	12.3%	no data
0.31%	St. Denis J. Villere & Co., LLC	65,258	US$387.6k	2.22%	0.04%
0.29%	Tudor Investment Corporation	61,596	US$365.9k	-12%	no data
0.22%	Salem Investment Counselors, Inc.	45,402	US$269.7k	0%	0.01%
0.14%	Man Group Plc	30,000	US$178.2k	0%	0.04%
0.11%	Two Sigma Investments, LP	22,728	US$135.0k	0%	no data
0.11%	Phillip Mertz	22,462	US$133.4k	-55.3%	no data
0.093%	Zullo Investment Group, Inc.	19,500	US$115.8k	0%	0.04%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/17 04:22
End of Day Share Price	2025/11/17 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Alpha Cognition Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Raghuram Selvaraju	H.C. Wainwright & Co.
Michael Freeman	Raymond James Ltd.
David Joseph Storms	Stonegate Capital Partners, Inc.