electroCore grants co-CEO Michael Fox 55,000 RSUs

ECOR’s Co-Chief Executive Officer received a new 55,000-RSU equity award with multi-year vesting, bringing his reported direct holdings to 125,000 shares and RSUs.

Rhea-AI Filing Summary

electroCore, Inc. (symbol: ECOR) is the issuer of record for a Form 4 filing submitted to the SEC. Fox Michael reported acquisition or exercise transactions in this Form 4 filing.

electroCore, Inc. (ECOR) reported that Co-Chief Executive Officer, President and Chief Operating Officer Michael Fox received a grant of 55,000 restricted stock units (RSUs) of Common Stock on September 8, 2026 as a compensation-related award. These RSUs vest one-third on the first anniversary of the grant date and the remaining two-thirds in equal annual installments over the following two years, subject to continued service and certain protections upon qualifying termination after a change in control under the company’s Executive Severance Policy. Following this grant, Fox directly holds 125,000 shares/RSUs, including 70,000 previously granted RSUs scheduled to vest in three annual tranches from April 13, 2027 through April 13, 2029. No transactions are reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 55,000 shares

Grant/Award 1 txn

Insider Fox Michael

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	55,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 125,000 shares (Direct)

Footnotes (2)

1. F1. The restricted stock units (RSUs) vest one-third on the first anniversary of the grant date, and the remainder vest in equal increments on each successive one-year anniversary thereafter for the next two years, provided that (x) the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date, and (y) 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.
2. F2. Includes 70,000 shares of Common Stock issuable pursuant to previously issued RSUs, comprised of 23,333 RSUs that will vest on April 13, 2027, 23,334 RSUs that will vest on April 13, 2028 and 23,333 RSUs that will vest on April 13, 2029; provided that (x) the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date, and (y) 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.

Key Figures

RSUs granted: 55,000 shares Grant price per RSU: $0.00 per share Total holdings after transaction: 125,000 shares/RSUs +4 more

7 metrics

RSUs granted 55,000 shares Restricted stock units of Common Stock granted to Michael Fox on September 8, 2026

Grant price per RSU $0.00 per share Reported transaction price for the 55,000 RSU grant

Total holdings after transaction 125,000 shares/RSUs Direct Common Stock and RSU holdings reported for Michael Fox following the grant

Previously granted RSUs 70,000 shares Shares of Common Stock issuable under earlier RSU awards included in post-transaction total

RSUs vesting April 13, 2027 23,333 shares First tranche of previously granted RSUs scheduled to vest on April 13, 2027

RSUs vesting April 13, 2028 23,334 shares Second tranche of previously granted RSUs scheduled to vest on April 13, 2028

RSUs vesting April 13, 2029 23,333 shares Third tranche of previously granted RSUs scheduled to vest on April 13, 2029

Key Terms

restricted stock units, RSUs, change in control, Executive Severance Policy, +2 more

6 terms

restricted stock units financial

"The restricted stock units (RSUs) vest one-third on the first anniversary"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"Includes 70,000 shares of Common Stock issuable pursuant to previously issued RSUs"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

change in control regulatory

"within two years after a "change in control" as such terms are defined"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

Executive Severance Policy financial

"as such terms are defined in the Issuer's Executive Severance Policy"

continuous service financial

"provided that (x) the Reporting Person remains in continuous service"

good reason regulatory

"resignation for "good reason" within two years after a "change in control""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ECOR report for Michael Fox on this Form 4?

The filing reports that Michael Fox, Co-Chief Executive Officer of ECOR, received a grant of 55,000 restricted stock units of Common Stock on September 8, 2026 as a compensation-related equity award with no cash price per share.

How do the newly granted 55,000 ECOR RSUs vest for Michael Fox?

The 55,000 RSUs vest one-third on the first anniversary of the September 8, 2026 grant date, with the remaining RSUs vesting in equal annual installments on each of the next two anniversaries, contingent on continuous service and certain change-in-control termination protections.

What are Michael Fox’s total reported ECOR holdings after this transaction?

After the September 8, 2026 grant, Michael Fox is reported to directly hold 125,000 shares/RSUs of ECOR Common Stock. This total includes 70,000 shares issuable pursuant to previously issued RSUs that are scheduled to vest between 2027 and 2029.

What is the vesting schedule for Michael Fox’s previously granted ECOR RSUs?

The filing states that prior RSUs total 70,000 shares, vesting as 23,333 RSUs on April 13, 2027, 23,334 RSUs on April 13, 2028, and 23,333 RSUs on April 13, 2029, subject to continuous service and specified protections upon certain terminations after a change in control.

Were the ECOR RSU transactions for Michael Fox made under a Rule 10b5-1 plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the 55,000 RSU grant or related holdings were made pursuant to a Rule 10b5-1 trading plan.

What conditions can accelerate vesting of Michael Fox’s ECOR RSUs?

The filing explains that unvested RSUs may vest if Michael Fox is terminated without “cause” or resigns for “good reason” within two years after a “change in control”, as those terms are defined in electroCore’s Executive Severance Policy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 04:06 PM Accepted by SEC EDGAR 09/10/2026 - 04:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fox Michael

(Last) (First) (Middle)

200 FORGE WAY,

SUITE 205

(Street)

ROCKAWAY NEW JERSEY 07866

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
electroCore, Inc. [ ECOR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/08/2026		A		55,000(1)	A	$0.00	125,000(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The restricted stock units (RSUs) vest one-third on the first anniversary of the grant date, and the remainder vest in equal increments on each successive one-year anniversary thereafter for the next two years, provided that (x) the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date, and (y) 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.

2. Includes 70,000 shares of Common Stock issuable pursuant to previously issued RSUs, comprised of 23,333 RSUs that will vest on April 13, 2027, 23,334 RSUs that will vest on April 13, 2028 and 23,333 RSUs that will vest on April 13, 2029; provided that (x) the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date, and (y) 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.

Remarks:

Co-Chief Executive Officer, President and Chief Operating Officer

	/s/ John L. Cleary, II, attorney-in-fact	09/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)