MERTZ LEONARD POWELL

Director Mertz Leonard Powell bought 27,778 shares of ACOG at $9.00 (Aug 18), now trading at $8.00 amid unprofitable operations.

Director Mertz Leonard Powell purchased 27,778 shares at $9.00, increasing his holdings by 29.6% to 121,503 shares post-transaction. The purchase occurred when ACOG was trading near recent highs; the stock has since declined 28.8% from its 52-week high of $11.24 and fallen 19.8% over the past 30 days. Powell's prior buy at this ticker on 2024-11-13 delivered a positive 90-day return, suggesting his past timing at ACOG has been favorable. However, the company's fundamentals remain challenged—it reported a net loss of $10.5M on quarterly revenue of $1.7M and has not been profitable over its most recent full fiscal year, raising questions about the sustainability of any near-term recovery. The timing of this fresh accumulation against deteriorating market price and persistent losses deserves monitoring.

Director MERTZ LEONARD POWELL bought 8,695 shares of ACOG at $5.75 (Nov 13); post-transaction holdings 93,725 shares. Cluster buy pattern: 2 other insiders also purchased within 14 days.

Director MERTZ LEONARD POWELL purchased 8,695 shares at $5.75 on 2024-11-13, increasing his holdings from 85,030 shares to 93,725 shares, a net increase of 10.2%. This transaction occurred within days of Alpha Cognition Inc.'s listing (4 trading days old as of the price observation date), a period when founder and early-insider holdings are typically being established or adjusted following IPO lockup or direct listing mechanics. The filing reveals a cluster buy pattern with 2 other insiders also purchasing within the same 14-day window, suggesting coordinated leadership positioning in the newly-public company. Against a backdrop of recent net income of $-1,859,906.00 and a market cap of $83,402,984.34, the timing and scale of this director-level accumulation merit investor attention as an indicator of internal confidence in the post-listing valuation and forward trajectory, particularly given the company's current loss position.