Thomas M. Patton - Aug 2, 2023 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
Aug 2, 2023
Transactions value $
$48,408
Form type
4
Date filed
8/4/2023, 10:45 AM
Previous filing
Dec 6, 2022
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECOR Common Stock Award $48.1K +11K +41.38% $4.35 37.7K Aug 2, 2023 Direct F1, F2, F3

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 $345 +5.52K $0.06* 5.52K Aug 2, 2023 Common Stock 5.52K $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 11,049 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 12,967 shares that have vested pursuant to previously issued Restricted Stock Units. All such vested shares were previously reported on Form 4 filings at the time of grant.
F3 Includes 13,732 shares that have vested pursuant to previously issued Deferred Stock Units. All such vested shares were previously reported on Form 4 filings at the time of grant.