Charles S. Theofilos - 08 Dec 2023 Form 3 Insider Report for electroCore, Inc. (ECOR)

Role
Director
Signature
/s/ Charles Steve Theofilos
Issuer symbol
ECOR
Transactions as of
08 Dec 2023
Net transactions value
$0
Form type
3
Filing time
18 Dec 2023, 16:15:23 UTC
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ECOR Common Stock 412,410 08 Dec 2023 Direct F1
holding ECOR Common Stock 153,168 08 Dec 2023 By spouse F2
holding ECOR Common Stock 790 08 Dec 2023 By spouse F3
holding ECOR Common Stock 6,142 08 Dec 2023 By spouse F4
holding ECOR Common Stock 8,556 08 Dec 2023 By spouse F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ECOR Common Stock Warrants (right to buy) 08 Dec 2023 Common Stock 283,285 $4.35 By spouse F6
holding ECOR Prefunded Common Stock Warrants (right to buy) 08 Dec 2023 Common Stock 113,314 $4.41 By spouse F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (a) 326,437 shares of Common Stock held by Dr. Theofilos directly pursuant to a self-directed IRA, and (b) 85,973 shares of Common Stock held in a joint account with his spouse, Kathryn Theofilos.
F2 These shares are held by Happy Holstein, LLLP, a Florida limited liability limited partnership, of which Happy Holstein Management, LLC is the general partner, of which Kathryn Theofilos, the reporting person's spouse, is the manager. The filing of this Form 3 shall not be deemed an admission that the reporting person is the beneficial owner of these shares of common stock.
F3 These shares are held by MCKT, LLC, a Florida limited liability company of which Kathryn Theofilos, the reporting person's spouse, is the manager. The filing of this Form 3 shall not be deemed an admission that the reporting person is the beneficial owner of these shares of common stock.
F4 These shares are held by the reporting person's adult children, over which Kathryn Theofilos, the reporting person's spouse, shares voting and dispositive power. The filing of this Form 3 shall not be deemed an admission that the reporting person is the beneficial owner of these shares of common stock.
F5 The filing of this Form 3 shall not be deemed an admission that the reporting person is the beneficial owner of these shares of common stock.
F6 The holder of the common stock warrants is Happy Holstein Management, LLC, of which Kathryn Theofilos, the reporting person's spouse, is the manager. These warrants will become exercisable on February 2, 2024 and will expire on February 2, 2029, subject to the Beneficial Ownership Limitation (as defined below). Pursuant to the terms of the warrants, the warrants may not be exercised if the holder, together with its affiliates and any persons who are members of a Section 13(d) group with the holder, would beneficially own more than 9.99% of the number of shares of common stock outstanding immediately after giving effect to such exercise (the "Beneficial Ownership Limitation"). The filing of this Form 3 shall not be deemed an admission that the reporting person is the beneficial owner of these common stock warrants.
F7 The holder of the prefunded common stock warrants is Happy Holstein Management, LLC, of which Kathryn Theofilos, the reporting person's spouse, is the manager. The prefunded common stock warrants are immediately exercisable and will expire on the date they are exercised in full, subject to the Beneficial Ownership Limitation. The filing of this Form 3 shall not be deemed an admission that the reporting person is the beneficial owner of these prefunded common stock warrants.