electroCore CFO sells 3,000 shares for taxes

electroCore, Inc. executive Joshua S. Lev, the CFO and Interim President, sold 3,000 shares of Common Stock at $6.50 per share on May 22, 2026.

Rhea-AI Filing Summary

electroCore, Inc. executive Joshua S. Lev, the CFO and Interim President, sold 3,000 shares of Common Stock at $6.50 per share on May 22, 2026. According to the filing, this sale was made solely to cover tax withholding obligations triggered by the vesting and settlement of previously granted Restricted Stock Units.

After the transaction, Lev directly holds 91,556 shares of Common Stock. He also has 82,000 additional shares subject to RSUs scheduled to vest between December 31, 2026 and January 26, 2029, contingent on continued service and certain change-in-control protections.

Insider Trade Summary

Net Seller: 3,000 shares

Net Sell 1 txn

Insider Lev Joshua S.

Role CFO and Interim President

Sold 3,000 shs ($20K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,000	$6.50	$20K

Holdings After Transaction: Common Stock — 91,556 shares (Direct)

Footnotes (2)

1. F1. The RP sold 3,000 shares of the Issuer's common stock in the reported transaction upon the vesting and settlement of previously issued Restricted Stock Units (RSUs), all of which were previously reported by the RP on a Form 4 pursuant to Section 16 of the Exchange Act, solely to satisfy tax withholding obligations incurred upon vesting and settlement.
2. F2. Includes 9,556 shares of Common Stock, and 82,000 shares of Common Stock issuable pursuant to previously issued RSUs, comprised of: (i) 6,667 shares, of which (a) 3,333 shares will vest on January 15, 2027 and (b) 3,334 shares will vest on January 15, 2028; (ii) 5,333 shares, which will vest on January 12, 2027; (iii) 25,000 shares, of which (a) 8,333 shares will vest on January 26, 2027 and January 26, 2028, and (b) 8,334 shares will vest on January 26, 2029; and (iv) 45,000 shares, which vests in full on December 31, 2026; 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

Shares sold: 3,000 shares Sale price: $6.50/share Shares held after transaction: 91,556 shares +3 more

6 metrics

Shares sold 3,000 shares Open-market sale on May 22, 2026 to satisfy tax withholding

Sale price $6.50/share Average price for 3,000 shares sold on May 22, 2026

Shares held after transaction 91,556 shares Common Stock directly owned by CFO after the sale

Unvested RSU-linked shares 82,000 shares Common Stock issuable under RSUs with vesting through 2029

RSU tranche vesting Dec 31, 2026 45,000 shares RSUs that vest in full on December 31, 2026 if conditions met

RSU tranches vesting Jan 26, 2027–2029 25,000 shares 8,333 shares vest in 2027 and 2028; 8,334 in 2029

Key Terms

Restricted Stock Units (RSUs), tax withholding obligations, change in control, good reason, +1 more

5 terms

Restricted Stock Units (RSUs) financial

"upon the vesting and settlement of previously issued Restricted Stock Units (RSUs)"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

tax withholding obligations financial

"solely to satisfy tax withholding obligations incurred upon vesting and settlement"

change in control financial

"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.

good reason financial

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

Executive Severance Policy financial

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

FAQ

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

What did electroCore (ECOR) CFO Joshua S. Lev report in this Form 4?

Joshua S. Lev reported selling 3,000 shares of electroCore Common Stock. The shares were sold at $6.50 per share on May 22, 2026, and the filing states the transaction was solely to satisfy tax withholding obligations from vested Restricted Stock Units.

Why did electroCore (ECOR) CFO Joshua S. Lev sell 3,000 shares?

The 3,000 shares were sold solely to cover tax withholding obligations from RSUs. The footnote explains the sale followed vesting and settlement of previously issued Restricted Stock Units and was done to meet associated tax requirements, not as a discretionary portfolio decision.

How many electroCore (ECOR) shares does the CFO hold after this transaction?

Following the sale, Joshua S. Lev holds 91,556 shares of electroCore Common Stock. In addition, he has rights to 82,000 more shares underlying unvested RSUs that may settle into stock if future vesting conditions are met over several years.

At what price were the electroCore (ECOR) shares sold in this Form 4?

The 3,000 electroCore shares were sold at an average price of $6.50 per share. This open-market sale price is disclosed directly in the Form 4 and applies to the entire 3,000-share transaction executed on May 22, 2026.

What unvested RSUs does the electroCore (ECOR) CFO still hold?

The CFO holds RSUs for 82,000 shares of Common Stock with scheduled vesting dates from December 31, 2026 through January 26, 2029. Vesting generally requires continued service and includes protections if he is terminated without cause or resigns for good reason after a change in control.

How are the electroCore (ECOR) CFO’s RSUs structured over future vesting dates?

His 82,000 RSU-linked shares include multiple tranches, such as 3,333 and 3,334 shares vesting in 2027 and 2028, 5,333 shares vesting in 2027, and 25,000 and 45,000-share awards vesting between 2026 and 2029, all subject to service and change-in-control conditions.

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

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Accepted by SEC EDGAR 05/22/2026 - 06:11 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^*

Lev Joshua S.

(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)
	CFO and Interim President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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	05/22/2026		S(1)		3,000	D	$6.5	91,556(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 RP sold 3,000 shares of the Issuer's common stock in the reported transaction upon the vesting and settlement of previously issued Restricted Stock Units (RSUs), all of which were previously reported by the RP on a Form 4 pursuant to Section 16 of the Exchange Act, solely to satisfy tax withholding obligations incurred upon vesting and settlement.

2. Includes 9,556 shares of Common Stock, and 82,000 shares of Common Stock issuable pursuant to previously issued RSUs, comprised of: (i) 6,667 shares, of which (a) 3,333 shares will vest on January 15, 2027 and (b) 3,334 shares will vest on January 15, 2028; (ii) 5,333 shares, which will vest on January 12, 2027; (iii) 25,000 shares, of which (a) 8,333 shares will vest on January 26, 2027 and January 26, 2028, and (b) 8,334 shares will vest on January 26, 2029; and (iv) 45,000 shares, which vests in full on December 31, 2026; 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.

	/s/ John L. Cleary, II, attorney-in-fact	05/22/2026
	** 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)