Joseph P. Errico - Dec 13, 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 13, 2022
Transactions value $: $33,330
Form type: 4
Date filed: 12/15/2022, 08:30 PM
Previous filing: Dec 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECOR	Common Stock	Purchase	$33.3K	+100K	+3.81%	$0.33^*	2.72M	Dec 13, 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 price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $0.3263 to $0.334 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought by him at each separate price on December 13, 2022.
F2	Consists of 2,005,703 shares of common stock held directly by the Reporting Person; including 23,564 shares that have vested pursuant to previously issued Restricted Stock Units, and 2,142 issuable pursuant to such Restricted Stock Units, subject to monthly vesting through April 1, 2023; 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 205,987 shares of common stock issuable pursuant to Deferred Stock Units subject to vesting as disclosed in a Form 4 filed on December 6, 2022. All such vested and unvested shares were previously reported on Form 4 filings at the time of grant.

Content

The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $0.3263 to $0.334 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought by him at each separate price on December 13, 2022.

Consists of 2,005,703 shares of common stock held directly by the Reporting Person; including 23,564 shares that have vested pursuant to previously issued Restricted Stock Units, and 2,142 issuable pursuant to such Restricted Stock Units, subject to monthly vesting through April 1, 2023; 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 205,987 shares of common stock issuable pursuant to Deferred Stock Units subject to vesting as disclosed in a Form 4 filed on December 6, 2022. All such vested and unvested shares were previously reported on Form 4 filings at the time of grant.