electroCore (NASDAQ: ECOR) CFO exercises options, sells 20K shares
Rhea-AI Filing Summary
For electroCore, Inc. (ECOR), reporting person Joshua S. Lev, CFO and Interim President, reported a series of option exercises and related sales of common stock. On August 21, 24 and 25, 2026, he exercised stock options for a total of 20,000 shares of common stock at an exercise price of $4.50 per share, acquiring 20,000 shares. On the same respective dates, he then sold all 20,000 shares in open-market transactions at weighted-average prices of $10.22 (range $10.14–$10.31), $9.88 (range $9.70–$10.25) and $9.36 (range $9.29–$9.50). A footnote states that his remaining equity position includes 2,889 shares of common stock and 82,000 shares of common stock issuable under previously granted RSUs, subject to future vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 20,000 shares ($110K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Lev Joshua S.
Role
CFO and Interim President
Sold
20,000 shs ($200K)
Approx. gross sale proceeds
$200K
Approx. exercise cost
$90K
Approx. pre-tax spread
$110K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy Common Stock) | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,000 | $4.50 | $14K |
| Sale | Common Stock F4, F1 | 3,000 | $9.36 | $28K |
| Exercise | Stock Option (Right to Buy Common Stock) | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,000 | $4.50 | $23K |
| Sale | Common Stock F3, F1 | 5,000 | $9.88 | $49K |
| Exercise | Stock Option (Right to Buy Common Stock) | 12,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 12,000 | $4.50 | $54K |
| Sale | Common Stock F2, F1 | 12,000 | $10.22 | $123K |
Holdings After Transaction:
Stock Option (Right to Buy Common Stock) — 0 shares (Direct);
Common Stock — 84,889 shares (Direct)
Footnotes (4)
- F1. Includes 2,889 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) 3,334 shares will vest on January 15, 2027 and (b) 3,333 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, 2029, and (b) 8,334 shares will vest on January 26, 2028; 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.
- F2. The price in Column 4 is a weighted average of shares sold at prices ranging from $10.14 to $10.31. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price.
- F3. The price in Column 4 is a weighted average of shares sold at prices ranging from $9.70 to $10.25. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price.
- F4. The price in Column 4 is a weighted average of shares sold at prices ranging from $9.29 to $9.50. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price.
Key Figures
Options exercised: 20,000 shares of Common Stock
Option exercise price: $4.50 per share
Shares sold: 20,000 shares of Common Stock
+5 more
8 metrics
Options exercised
20,000 shares of Common Stock
Stock options exercised by Joshua S. Lev on August 21, 24 and 25, 2026
Option exercise price
$4.50 per share
Strike price for Stock Option (Right to Buy Common Stock) expiring July 31, 2033
Shares sold
20,000 shares of Common Stock
Total ECOR shares sold in open-market transactions on August 21, 24 and 25, 2026
Weighted-average sale price 2026-08-21
$10.22 per share
Sales price with range $10.14–$10.31 for 12,000 shares on August 21, 2026
Weighted-average sale price 2026-08-24
$9.88 per share
Sales price with range $9.70–$10.25 for 5,000 shares on August 24, 2026
Weighted-average sale price 2026-08-25
$9.36 per share
Sales price with range $9.29–$9.50 for 3,000 shares on August 25, 2026
RSUs outstanding
82,000 shares of Common Stock issuable pursuant to previously issued RSUs
Future vesting restricted stock units held by Joshua S. Lev, subject to conditions
Common shares held
2,889 shares of Common Stock
Portion of current equity position described in RSU-related footnote
Key Terms
Stock Option (Right to Buy Common Stock), Restricted Stock Units, weighted average, change in control, +1 more
5 terms
Stock Option (Right to Buy Common Stock) financial
"Security title reported as Stock Option (Right to Buy Common Stock)"
Restricted Stock Units financial
"82,000 shares of Common Stock issuable pursuant to previously issued RSUs"
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.
weighted average financial
"The price in Column 4 is a weighted average of shares sold"
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
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""
FAQ
What insider transactions did ECOR executive Joshua S. Lev report on this Form 4?
Joshua S. Lev reported exercising stock options for 20,000 ECOR shares at $4.50 per share on August 21, 24 and 25, 2026, and selling all 20,000 shares in open-market transactions on those same dates at weighted-average prices between about $9.36 and $10.22.
How many ECOR options did Joshua S. Lev exercise and at what strike price?
He exercised stock options covering a total of 20,000 shares of electroCore common stock at an exercise price of $4.50 per share, with the options expiring on July 31, 2033 and having become exercisable on July 31, 2024.
Did Joshua S. Lev retain any ECOR equity after these transactions?
A footnote states that his equity position includes 2,889 shares of ECOR common stock and 82,000 shares of common stock issuable under previously granted RSUs, which vest on various dates in 2026–2029, subject to continued service and change-in-control conditions.
What are the vesting terms of Joshua S. Lev’s ECOR RSUs mentioned in the filing?
The 82,000 ECOR RSUs vest in tranches on December 31, 2026, January 12, 2027, January 15, 2027 and 2028, and January 26, 2027–2029, subject to continuous service. Certain unvested RSUs may vest upon qualifying termination without cause or for good reason within two years after a change in control.
Was this ECOR Form 4 filed under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative (aff_10b5_one is false), and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
