BRIAN M. POSNER - 14 Jan 2022 Form 4 Insider Report for electroCore, Inc. (ECOR)

Role: Chief Financial Officer
Signature: /s/ John L. Cleary, II, attorney-in-fact
Issuer symbol: ECOR
Transactions as of: 14 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 18 Jan 2022, 15:01:54 UTC
Previous filing: 13 Dec 2021
Next filing: 02 Aug 2023
SEC: View on sec.gov

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
transaction	ECOR	Stock Option (Right to Buy)	Award	$0	+100,000		$0.000000	100,000	14 Jan 2022	Common Stock	100,000	$0.7700	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option vests (i) with respect to 33% of the underlying shares of Common Stock on each of the first, second, and third anniversaries of the date of grant, in each case provided that the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date, and (ii) if and to the extent not already vested, in the case of termination of the Reporting Person without "cause" or resignation for "good reason" within two years after a "change in control" as such terms are defined in the Issuer's Executive Severance Policy.

Content

The option vests (i) with respect to 33% of the underlying shares of Common Stock on each of the first, second, and third anniversaries of the date of grant, in each case provided that the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date, and (ii) if and to the extent not already vested, in the case of termination of the Reporting Person without "cause" or resignation for "good reason" within two years after a "change in control" as such terms are defined in the Issuer's Executive Severance Policy.