Director Robert James Wills bought 15,000 shares at $8.49; stock now $8.26, down 26.5% from 52-week high. Company unprofitable with $-10.5M net income.
Director Robert James Wills purchased 15,000 shares at $8.49 on 2025-08-18, establishing a position from zero holdings. The stock has since declined to $8.26, down 26.5% from the 52-week high of $11.24 and down 15.7% over the last 30 days. Alpha Cognition remains unprofitable, with net income of $-10.5M in the most recent fiscal year and revenue of only $1.7M in the latest quarter. Wills' cross-ticker insider track record shows 2 prior open-market buys with average 90-day returns of -14.7% and a 0% win rate, indicating a consistent pattern of purchases that subsequently declined in value. The combination of deteriorating stock performance, deepening net losses, minimal revenue relative to market cap of $133.5M, and the insider's poor track record on prior purchases raises significant questions about the fundamental strength of the company and the decision-making process behind this initial position.