Joseph P. Errico - Dec 2, 2022 Form 4 Insider Report for electroCore, Inc. (ECOR)

Role: Director
Signature: /s/ John L. Cleary, II, attorney-in-fact
Stock symbol: ECOR
Transactions as of: Dec 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/6/2022, 08:32 PM
Previous filing: Dec 1, 2022
Next filing: Dec 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECOR	Common Stock	Award	$0	+206K	+8.52%	$0.00	2.62M	Dec 2, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Deferred Stock Units vest in 12 equal monthly installments from the grant date; provided, however, that the Deferred Stock Units shall vest in full on the earlier of (i) the close of business one business day prior to the Issuer's next annual stockholder meeting on or after January 1, 2023, and (ii) the date immediately prior to a change of control, in each case, provided that the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date.
F2	Includes 1,905,703 shares of common stock beneficially owned directly by the Reporting Person; 266,350 shares of common stock beneficially owned by a trust for the benefit of the Reporting Person's family members; 246,801 shares of common stock beneficially owned for the benefit of the Reporting Person indirectly by Core Ventures II, LLC, Core Ventures IV, LLC and certain other entities may be deemed to be controlled by the Reporting Person; and 119,510 shares that have vested pursuant to previously issued Deferred Stock Units; 23,564 shares that have vested pursuant to previously issued Restricted Stock Units, 2,142 of shares will vest monthly through April 1, 2023. All such vested and unvested shares were previously reported on Form 4 filings at the time of grant.

Content

The Deferred Stock Units vest in 12 equal monthly installments from the grant date; provided, however, that the Deferred Stock Units shall vest in full on the earlier of (i) the close of business one business day prior to the Issuer's next annual stockholder meeting on or after January 1, 2023, and (ii) the date immediately prior to a change of control, in each case, provided that the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date.

Includes 1,905,703 shares of common stock beneficially owned directly by the Reporting Person; 266,350 shares of common stock beneficially owned by a trust for the benefit of the Reporting Person's family members; 246,801 shares of common stock beneficially owned for the benefit of the Reporting Person indirectly by Core Ventures II, LLC, Core Ventures IV, LLC and certain other entities may be deemed to be controlled by the Reporting Person; and 119,510 shares that have vested pursuant to previously issued Deferred Stock Units; 23,564 shares that have vested pursuant to previously issued Restricted Stock Units, 2,142 of shares will vest monthly through April 1, 2023. All such vested and unvested shares were previously reported on Form 4 filings at the time of grant.