electroCore director award: 19,011 RSUs with monthly vesting and acceleration

Rhea-AI Filing Summary

electroCore, Inc. director Patricia Wilber received an annual award of 19,011 restricted stock units (RSUs) on 09/02/2025 that vest in 12 equal monthly installments from the grant date, but will vest in full earlier if the company holds its next annual meeting or upon a change of control, provided she remains in continuous service.

Following this grant, Ms. Wilber beneficially owns 72,325 shares, which includes 16,583 shares that vested from prior RSU grants and were previously reported. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 09/04/2025.

Positive

• Annual RSU award of 19,011 shares aligns director incentives with shareholder value
• Clear vesting terms: 12 equal monthly installments with full vesting upon next annual meeting or change of control

Negative

• None.

Insights

Financial Analyst

TL;DR: Director awarded 19,011 RSUs, increasing reported beneficial ownership to 72,325 shares; vesting schedule is monthly with accelerated vesting triggers.

The grant is a standard annual equity award for a director and represents non-cash compensation intended to align the director's interests with shareholders. The 12-month monthly vesting cadence spreads recognition while the accelerated vesting upon the next annual meeting or change of control creates a potential for full early vesting. The filing discloses 16,583 previously vested shares included in the ownership total; no cash exercise or derivative transactions are reported.

Corporate Governance Expert

TL;DR: Governance practice appears routine: annual RSU grant with service- and event-based vesting, disclosed per Section 16 requirements.

The structure—monthly vesting with full vesting tied to the next annual meeting or change of control—is common for directors and balances retention with alignment. Disclosure is timely and specific about the award size, vesting terms, and previously vested shares. The form indicates individual filing responsibility and includes a dated signature by an authorized attorney-in-fact.

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

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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^*

Wilber Patricia

(Last) (First) (Middle)

200 FORGE WAY, SUITE 205

(Street)

ROCKAWAY NJ 07866

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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

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

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

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	09/02/2025		A		19,011(1)	A	$0.00	72,325(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. Annual Restricted Stock Units award which vests in 12 equal monthly installments from the grant date; provided, however, that the Restricted Stock Units shall vest in full on the earlier of (i) the close of business one business day prior to the Issuer's next annual stockholder meeting following the grant date, and (ii) the date immediately prior to a change of control, in each case, provided that the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date.

2. Includes 16,583 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.

	/s/ Ira Kotel, attorney-in-fact	09/04/2025
	** 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.

FAQ

What did Patricia Wilber acquire in the Form 4 for ECOR?

She was granted 19,011 restricted stock units (RSUs) on 09/02/2025.

How do the RSUs granted to Patricia Wilber vest?

They vest in 12 equal monthly installments from the grant date, or fully upon the earlier of one business day prior to the next annual stockholder meeting or immediately prior to a change of control, subject to continued service.

How many ECOR shares does Patricia Wilber beneficially own after the transaction?

She beneficially owns 72,325 shares, which includes 16,583 shares that vested from prior RSUs.

When was the Form 4 filed and signed for this transaction?

The transaction date is 09/02/2025 and the form bears an attorney-in-fact signature dated 09/04/2025.

Were any derivative securities or sales reported in this Form 4?

No derivative transactions or dispositions were reported; only an RSU grant and resulting beneficial ownership were disclosed.