electroCore CFO reports insider sale, details RSU vesting schedule

Rhea-AI Filing Summary

electroCore (ECOR) filed a Form 4 for its CFO. On 11/12/2025, the executive sold 2,166 shares of Common Stock at a weighted average price of $6.18, with trade prices ranging from $6.0602 to $6.31. Following the sale, the reporting person beneficially owns 23,667 shares.

This balance includes shares issuable under previously granted RSUs: 10,000 scheduled to vest on January 15, 2026 (3,333), January 15, 2027 (3,333), and January 15, 2028 (3,334); and 13,667 of which 3,000 have vested and 10,667 are set to vest on January 12, 2026 (5,333) and January 12, 2027 (5,334), subject to service and change-in-control provisions.

Insights

Corporate governance analyst

Routine insider sale with clear RSU vesting detail; neutral impact.

The CFO reported selling 2,166 shares at a weighted average of $6.18 on 11/12/2025, with a disclosed price range of $6.0602 to $6.31. After the transaction, beneficial ownership stands at 23,667 shares.

The filing details RSU-driven ownership: 10,000 shares vest across Jan 2026, Jan 2027, and Jan 2028; an additional 13,667 includes 3,000 vested and 10,667 set to vest on Jan 12, 2026 and Jan 12, 2027. The economics depend on continued service and defined change-in-control terms.

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)
11/12/2025

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	11/12/2025		S		2,166	D	$6.18(1)	23,667(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 $6.0602 to $6.31. 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 23,667 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, 2027, and (b) with respect to 3,334 shares of Common Stock, on January 15, 2028; and (ii) 13,667 shares of which (a) 3,000 have vested and are eligible for sale, and (b) 10,667 will vest (i) with respect to 5,333 shares of Common Stock, on January 12, 2026, and (ii) with respect to 5,334 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	11/14/2025
	** 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.

FAQ

What insider transaction did ECOR report on Form 4?

The CFO sold 2,166 shares of Common Stock on 11/12/2025 at a weighted average price of $6.18.

What price range did the ECOR insider sale cover?

Trades were executed between $6.0602 and $6.31, with a weighted average of $6.18.

How many ECOR shares does the reporting person own after the sale?

Beneficial ownership is 23,667 shares following the reported transaction.

How are ECOR RSUs scheduled to vest for the reporting person?

10,000 shares vest on Jan 15, 2026/2027/2028; 10,667 shares vest on Jan 12, 2026 and Jan 12, 2027. 3,000 are already vested.

Are the ECOR RSUs subject to conditions?

Yes. Vesting requires continuous service and includes provisions related to termination without cause or resignation for good reason after a change in control.