[Form 4] electroCore, Inc. Insider Trading Activity

Rhea-AI Filing Summary

electroCore, Inc. Chief Financial Officer reports stock sale and updated holdings. On 12/04/2025, the CFO sold 2,500 shares of electroCore common stock at a weighted average price of $5.05 per share, in a single reported transaction coded as a sale. After this transaction, the reporting person beneficially owns 21,667 shares of common stock.

These 21,667 shares are issuable under previously granted restricted stock units that vest over time. One grant covers 10,000 shares that are scheduled to vest in three annual installments on January 15 of 2026, 2027 and 2028. A second grant covers 11,667 shares, of which 1,000 have already vested and are eligible for sale, and 10,667 are scheduled to vest in two installments on January 12, 2026 and January 12, 2027. The vesting of these awards depends on the CFO’s continued service and includes provisions for accelerated vesting in certain termination events following a change in control, as defined in the company’s Executive Severance Policy.

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
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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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025

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	12/04/2025		S		2,500	D	$5.05(1)	21,667(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 price in Column 4 is a weighted average of shares sold at prices ranging from $5.03 to $5.07. The Reporting Person (RP) undertakes to provide to the Issuer, any securityholder of the Issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price.

2. Includes 21,667 shares of Common Stock issuable pursuant to previously issued restricted stock units: (i) 10,000 shares of which will vest (a) with respect to 3,333 shares of Common Stock, on each of January 15, 2026 and January 15, 2028, and (b) with respect to 3,334 shares of Common Stock, on January 15, 2027; and (ii) 11,667 shares of which (a) 1,000 have vested and are eligible for sale, and (b) 10,667 will vest (i) with respect to 5,334 shares of Common Stock, on January 12, 2026, and (ii) with respect to 5,333 shares of Common Stock, on January 12, 2027; 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	12/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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