electroCore director buys 5,000 shares at $9.82
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
electroCore, Inc. (ECOR) director Thomas J. Errico reported purchasing 5,000 shares of Common Stock on September 14, 2026 in an open-market or private transaction at a weighted-average price of $9.8163 per share, with individual trade prices ranging from $9.60 to $9.84.
After this transaction, Errico beneficially owns 363,904 shares, including directly held shares, shares held in family and personal trusts, and both vested and unvested Deferred Stock Units. The report states it was filed late due to an inadvertent administrative oversight and that no Rule 10b5-1 trading plan is indicated.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
1 txn
Insider
Errico Thomas J.
Role
Director
Bought
5,000 shs ($49K)
Increase in Position
1.4%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2, F3 | 5,000 | $9.8163 | $49K |
Holdings After Transaction:
Common Stock — 363,904 shares (Direct)
Holdings Before and After:
Common Stock, 358,904 to 363,904 shares (Direct)
Other Insiders: 1 other insider reported open-market purchases of this stock in the 30 days up to this filing.
Footnotes (3)
- F1. This Form 4 is being filed late due to an inadvertent administrative oversight and is being reported herein promptly upon discovery of the administrative oversight.
- F2. The price in Column 4 is a weighted average of shares purchased at prices ranging from $9.60 to $9.84. 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.
- F3. Includes 274,106 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; 56,930 shares that have vested pursuant to previously issued Deferred Stock Units (DSUs); and 15,572 unvested DSUs. All such vested shares and unvested shares were previously reported on Form 4 filings at the time of grant.
Key Figures
Shares purchased: 5,000 shares
Weighted-average purchase price: $9.8163 per share
Shares beneficially owned after transaction: 363,904 shares
+5 more
8 metrics
Shares purchased
5,000 shares
Open-market or private purchase on September 14, 2026
Weighted-average purchase price
$9.8163 per share
Common Stock purchase on September 14, 2026; trades from $9.60 to $9.84
Shares beneficially owned after transaction
363,904 shares
Total ECOR holdings reported for Thomas J. Errico after the purchase
Directly owned shares
274,106 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
Personal trust holdings
11,000 shares
Shares held by a trust for the benefit of Errico
Vested Deferred Stock Units
56,930 shares
Shares that have vested pursuant to previously issued DSUs
Unvested Deferred Stock Units
15,572 shares
Unvested DSUs included in beneficial ownership
Key Terms
Deferred Stock Units (DSUs), weighted average, beneficially owns
3 terms
Deferred Stock Units (DSUs) financial
"56,930 shares that have vested pursuant to previously issued Deferred Stock Units (DSUs)"
Deferred stock units (DSUs) are a form of long-term pay that promises an employee or director future company shares or cash equal to the share value at a later date, usually after leaving the company or at a set vesting time. Think of them as a delayed paycheck tied to the stock: they align recipients’ interests with long-term share performance and matter to investors because they create potential future dilution and signal how management is rewarded and incentivized.
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.
beneficially owns financial
"Errico beneficially owns 363,904 shares, including directly held 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ECOR director Thomas J. Errico report in this Form 4?
He reported a purchase of 5,000 ECOR shares of Common Stock on September 14, 2026 in an open-market or private transaction at a weighted-average price of $9.8163 per share, with prices ranging from $9.60 to $9.84.
Was this ECOR Form 4 for Thomas J. Errico filed on time?
No. A footnote states that the Form 4 was filed late due to an inadvertent administrative oversight and that the transaction is being reported promptly upon discovery of the oversight.
Are any of Thomas J. Errico’s ECOR holdings in trusts or Deferred Stock Units?
Yes. His 363,904-share position includes 274,106 shares owned directly, 1,296 shares in a family trust, 11,000 shares in a personal trust, plus 56,930 vested and 15,572 unvested Deferred Stock Units (DSUs).
Was the ECOR insider purchase made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating a Rule 10b5-1 trading plan, so no such plan is reported for this transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
