Daniel S. Goldberger - Aug 2, 2023 Form 4 Insider Report for electroCore, Inc. (ECOR)

Role: Chief Executive Officer, Director
Signature: /s/ John L. Cleary, II, attorney-in-fact
Stock symbol: ECOR
Transactions as of: Aug 2, 2023
Transactions value $: $223,404
Form type: 4
Date filed: 8/3/2023, 03:31 PM
Previous filing: Mar 20, 2023
Next filing: Aug 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECOR	Common Stock	Purchase	$222K	+51K	+151.9%	$4.35	84.6K	Aug 2, 2023	Direct	F1, F2

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	Warrants to Purchase Common Stock	Purchase	$1.59K	+25.5K		$0.06^*	25.5K	Aug 2, 2023	Common Stock	25.5K	$4.35	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On August 2, 2023, pursuant to a private placement offering by the Issuer, the Reporting Person acquired 50,991 Units, each Unit consisting of (i) one share of the Issuer's Common Stock and (ii) one Warrant to purchase one-half share of the Issuer's Common Stock. The combined purchase price in the Offering was $4.4125 per Unit, inclusive of $4.35 per share of Common Stock and $0.0625 per Warrant. Each Warrant entitles the holder thereof to purchase one half of a share of Common Stock, is exercisable beginning six months from the date of issuance at an exercise price of $4.35 per share, and expires five years from the initial exercise date.
F2	Includes 10,752 shares that have vested pursuant to previously issued Restricted Stock Units; also includes an additional 3,584 shares issuable pursuant to Restricted Stock Units that will potentially vest on October 1, 2023. All such vested and unvested shares were previously reported on a Form 4 filing at the time of grant. Shares reported account for the 1-for-15 reverse stock split of the Issuer's common stock on February 15, 2023.

Content

On August 2, 2023, pursuant to a private placement offering by the Issuer, the Reporting Person acquired 50,991 Units, each Unit consisting of (i) one share of the Issuer's Common Stock and (ii) one Warrant to purchase one-half share of the Issuer's Common Stock. The combined purchase price in the Offering was $4.4125 per Unit, inclusive of $4.35 per share of Common Stock and $0.0625 per Warrant. Each Warrant entitles the holder thereof to purchase one half of a share of Common Stock, is exercisable beginning six months from the date of issuance at an exercise price of $4.35 per share, and expires five years from the initial exercise date.

Includes 10,752 shares that have vested pursuant to previously issued Restricted Stock Units; also includes an additional 3,584 shares issuable pursuant to Restricted Stock Units that will potentially vest on October 1, 2023. All such vested and unvested shares were previously reported on a Form 4 filing at the time of grant. Shares reported account for the 1-for-15 reverse stock split of the Issuer's common stock on February 15, 2023.