ALPHA WAVE GLOBAL, LP purchased 19.3% of their position (600K shares) of ALTO NEUROSCIENCE, INC. on the open market
Open‑market purchase worth $9.60M — a significant purchase. The strongest form of insider conviction signal.
P · 1 purchase
Filed: 2/8/2024ACC: 0000902664-24-001290
10% Owner
Since Feb 2024
+600K
Net shares
Net buyer
$9.60M
Total acquired
1
Open market trades
1B · 0S
5
Total transactions
3.71M acquired · 3.11M disposed
Non-Derivative Transactions3
Common Stock
Indirect
Shares
+1.96M
Price / share
—
Trade value
—
% of position
New position
2/6/2024
0.00→1.96M
Common Stock
Indirect
Shares
+1.14M
Price / share
—
Trade value
—
% of position
58.3%
2/6/2024
1.96M→3.11M
Common Stock
Indirect
Shares
+600K
Price / share
$16.00
Trade value
$9.60M
% of position
19.3%
2/6/2024
3.11M→3.71M
Total
Net shares
+3.71M
Net value
$9.60M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Indirect | 2/6/2024 | C · Conversion | +1.96M | — | — | New position | 0.00 | 1.96M |
| Common Stock Indirect | 2/6/2024 | C · Conversion | +1.14M | — | — | 58.3% | 1.96M | 3.11M |
| Common Stock Indirect | 2/6/2024 | P · Purchase | +600K | $16.00 | $9.60M | 19.3% | 3.11M | 3.71M |
| Total | +3.71M | $9.60M | ||||||
Derivative Transactions2
Series B Convertible Preferred Stock (Series B Preferred)
Indirect
Converts to
Common Stock
1.96M shares
Shares
−1.96M
Strike price
Held after
0.00
Exercisable
—
2/6/2024
Series C Convertible Preferred Stock (Series C Preferred)
Indirect
Converts to
Common Stock
1.14M shares
Shares
−1.14M
Strike price
Held after
0.00
Exercisable
—
2/6/2024
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred Stock (Series B Preferred) Indirect | Common Stock1.96M shares | 2/6/2024 | C · Conversion | −1.96M | — | 0.00 | |
| Series C Convertible Preferred Stock (Series C Preferred) Indirect | Common Stock1.14M shares | 2/6/2024 | C · Conversion | −1.14M | — | 0.00 |