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

Signature
/s/ John L. Cleary, II, attorney-in-fact
Stock symbol
ECOR
Transactions as of
Aug 4, 2023
Transactions value $
$0
Form type
4
Date filed
8/8/2023, 09:04 AM
Previous filing
Aug 3, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECOR Common Stock Purchase $0 +50K +59.13% $0.00 135K Aug 4, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of Restricted Stock Units of the Issuer. The grant 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.
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.