electroCore (ECOR) director boosts stake with 5,000-share buy
Rhea-AI Filing Summary
electroCore, Inc. director Thomas J. Errico purchased 5,000 shares of Common Stock of ECOR on 2026-08-13 in an open-market or private transaction at a weighted-average price of $9.8544 per share, with individual trade prices ranging from $9.83 to $9.95.
After this purchase, Errico beneficially owns 343,332 shares, including 269,106 shares held directly, 1,296 shares held by a family trust, 11,000 shares held by a trust for his benefit, 2,218 unvested shares underlying deferred stock units, and 54,712 shares that have vested from prior deferred stock units. The Rule 10b5-1 trading plan checkbox for this transaction is not marked as being made under such a plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
1 txn
Insider
Errico Thomas J.
Role
Director
Bought
5,000 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 5,000 | $9.8544 | $49K |
Holdings After Transaction:
Common Stock — 343,332 shares (Direct)
Footnotes (2)
- F1. The price in Column 4 is a weighted average of shares purchased at prices ranging from $9.83 to $9.95. 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.
- F2. Includes 269,106 shares owned directly by the RP; 1,296 shares owned by a trust for the benefit of the RP's family; 11,000 shares owned by a trust for the benefit of the RP; 2,218 unvested shares underlying deferred stock units ("DSUs"); and 54,712 shares that have vested pursuant to previously issued DSUs. All such vested shares were previously reported on Form 4 filings at the time of grant.
Key Figures
Shares Purchased: 5,000 shares
Weighted-Average Purchase Price: $9.8544 per share
Shares Beneficially Owned After Transaction: 343,332 shares
+5 more
8 metrics
Shares Purchased
5,000 shares
Common Stock acquired on 2026-08-13 in a non-derivative transaction
Weighted-Average Purchase Price
$9.8544 per share
Weighted-average price for the 5,000 shares; trade range $9.83–$9.95
Shares Beneficially Owned After Transaction
343,332 shares
Total ECOR shares beneficially owned by Thomas J. Errico after the purchase
Directly Held Shares
269,106 shares
Portion of Errico’s ECOR holdings owned directly
Family Trust Holdings
1,296 shares
Shares held by a trust for the benefit of Errico’s family
Trust for Reporting Person
11,000 shares
Shares held by a trust for the benefit of the reporting person
Unvested Deferred Stock Units
2,218 shares
Unvested shares underlying ECOR deferred stock units (DSUs)
Vested DSU Shares
54,712 shares
Shares that have vested pursuant to previously issued deferred stock units
Key Terms
weighted average, deferred stock units ("DSUs"), beneficially owns
3 terms
weighted average financial
"The price in Column 4 is a weighted average of shares purchased"
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.
deferred stock units ("DSUs") financial
"2,218 unvested shares underlying deferred stock units ("DSUs"); and 54,712 shares"
beneficially owns financial
"After this purchase, Errico beneficially owns 343,332 shares"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
What insider transaction did ECOR director Thomas J. Errico report on this Form 4?
Thomas J. Errico reported buying 5,000 ECOR common shares on 2026-08-13. The transaction was coded as a purchase in an open-market or private transaction at a weighted-average price of $9.8544 per share, with prices ranging from $9.83 to $9.95.
How are Thomas J. Errico’s ECOR holdings structured after the new purchase?
Errico’s 343,332 ECOR shares include 269,106 held directly, 1,296 in a family trust, 11,000 in a trust for his benefit, 2,218 unvested deferred stock units, and 54,712 vested shares from earlier deferred stock unit grants.
Was the ECOR insider purchase by Thomas J. Errico made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox indicates the transaction was not affirmed as made under a 10b5-1 plan. No footnote states that the 5,000-share purchase occurred pursuant to a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.