electroCore (ECOR) ex-officer sells 16,072 shares to cover RSU tax

Rhea-AI Filing Summary

electroCore, Inc. former officer and director Daniel S. Goldberger reported an open-market sale of 16,072 shares of common stock at $6.02 per share. According to the footnotes, the shares were sold solely to cover tax withholding obligations triggered by the vesting and settlement of previously issued RSUs.

After the transaction, Goldberger directly owns 291,471 shares, which include 3,665 newly vested shares and 43,200 RSUs that continue to vest in equal monthly installments of 3,600 RSUs, subject to ongoing consulting under a separation agreement. The filing notes a Section 16(b) claim of $1,182, which he voluntarily paid to electroCore.

Insights

Insider transactions analyst

Small, tax-related sale linked to RSU vesting; overall position remains sizable.

Former electroCore officer Daniel S. Goldberger executed an open-market sale of 16,072 shares of common stock at $6.02 per share. Footnotes explain the sale occurred upon RSU vesting and was undertaken solely to satisfy tax withholding obligations, which is typically a mechanistic event rather than a discretionary portfolio move.

Post-transaction, Goldberger holds 291,471 shares, including 3,665 new shares from prorated RSU vesting and 43,200 RSUs that are scheduled to vest in 3,600-unit monthly installments under a consulting and separation agreement. The filing also records a $1,182 Section 16(b) claim that he voluntarily paid to electroCore, indicating the company, not the insider, received that amount.

Insider Trade Summary

Net Seller: 16,072 shares ($96,753)

Net Sell 1 txn

Insider Goldberger Daniel S

Role Insider

Sold 16,072 shs ($97K)

Type	Security	Shares	Price	Value
Sale	Common Stock	16,072	$6.02	$97K

Holdings After Transaction: Common Stock — 291,471 shares (Direct)

Footnotes (1)

1. The reported transaction resulted in a claim under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") amounting to $1,182. The Reporting Person (RP) voluntarily paid the full amount to the Issuer. The RP sold 16,072 shares of the Issuer's common stock in the reported transaction upon the vesting and settlement of previously issued Restricted Stock Units (RSUs), all of which were previously reported by the RP on a Form 4 pursuant to Section 16 of the Exchange Act, solely to satisfy tax withholding obligations incurred upon vesting and settlement. Includes (i) 3,665 shares, net of the amount sold in the reported transaction, issued pursuant to previously issued RSUs that vested on a prorated basis as of April 1, 2026, in accordance with the vesting provisions of the consulting and separation agreement (the "Agreement") between the RP and the Issuer; and (ii) 43,200 RSUs previously issued to the RP that shall continue to vest, subject to the RP's continued consulting services under the Agreement, through the applicable vesting dates, in equal monthly installments of 3,600 RSUs per month.

Key Figures

Shares sold: 16,072 shares Sale price: $6.02 per share Shares held after transaction: 291,471 shares +4 more

7 metrics

Shares sold 16,072 shares Open-market sale on April 10, 2026

Sale price $6.02 per share Price for 16,072 sold shares

Shares held after transaction 291,471 shares Direct holdings following sale

Section 16(b) payment $1,182 Amount voluntarily paid to issuer

Newly vested shares 3,665 shares Net shares from prorated RSU vesting as of April 1, 2026

Unvested RSUs 43,200 RSUs Previously issued RSUs continuing to vest under Agreement

Monthly RSU vesting 3,600 RSUs per month Equal monthly installments under consulting agreement

Key Terms

Section 16(b), Restricted Stock Units (RSUs), consulting and separation agreement, tax withholding obligations, +1 more

5 terms

Section 16(b) regulatory

"The reported transaction resulted in a claim under Section 16(b) of the Securities Exchange Act of 1934"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Restricted Stock Units (RSUs) financial

"upon the vesting and settlement of previously issued Restricted Stock Units (RSUs)"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

consulting and separation agreement financial

"in accordance with the vesting provisions of the consulting and separation agreement (the "Agreement")"

tax withholding obligations financial

"solely to satisfy tax withholding obligations incurred upon vesting and settlement"

Section 16 of the Exchange Act regulatory

"previously reported by the RP on a Form 4 pursuant to Section 16 of the Exchange Act"

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

X

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^*

Goldberger Daniel S

(Last) (First) (Middle)

200 FORGE WAY,

SUITE 205

(Street)

ROCKAWAY NEW JERSEY 07866

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)	X	Other (specify below)
			Former Officer and Director

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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(1)	04/10/2026		S(2)		16,072	D	$6.02	291,471	D(3)

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 reported transaction resulted in a claim under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") amounting to $1,182. The Reporting Person (RP) voluntarily paid the full amount to the Issuer.

2. The RP sold 16,072 shares of the Issuer's common stock in the reported transaction upon the vesting and settlement of previously issued Restricted Stock Units (RSUs), all of which were previously reported by the RP on a Form 4 pursuant to Section 16 of the Exchange Act, solely to satisfy tax withholding obligations incurred upon vesting and settlement.

3. Includes (i) 3,665 shares, net of the amount sold in the reported transaction, issued pursuant to previously issued RSUs that vested on a prorated basis as of April 1, 2026, in accordance with the vesting provisions of the consulting and separation agreement (the "Agreement") between the RP and the Issuer; and (ii) 43,200 RSUs previously issued to the RP that shall continue to vest, subject to the RP's continued consulting services under the Agreement, through the applicable vesting dates, in equal monthly installments of 3,600 RSUs per month.

	/s/ John L. Cleary, II, attorney-in-fact	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Daniel S. Goldberger report in this electroCore (ECOR) Form 4 filing?

Daniel S. Goldberger reported selling 16,072 shares of electroCore common stock at $6.02 per share. The filing states the sale was tied to the vesting and settlement of previously issued RSUs and was executed to cover related tax withholding obligations.

Why did the former electroCore officer sell 16,072 ECOR shares?

The filing explains Goldberger sold 16,072 shares solely to satisfy tax withholding obligations arising from the vesting and settlement of earlier granted RSUs. This indicates a tax-driven, largely mechanical transaction rather than a discretionary decision to reduce his equity exposure.

How many electroCore (ECOR) shares does Daniel S. Goldberger hold after this transaction?

After the sale, Goldberger directly holds 291,471 shares of electroCore common stock. This figure includes 3,665 shares issued from prorated RSU vesting and a separate award of 43,200 RSUs scheduled to vest in future monthly installments under his consulting agreement.

What RSU vesting schedule is disclosed for Daniel S. Goldberger at electroCore (ECOR)?

Goldberger has 43,200 RSUs that will continue to vest, subject to his consulting services, in equal monthly installments of 3,600 RSUs. The filing also notes 3,665 shares already issued from prorated RSU vesting as of April 1, 2026 under a separation agreement.

What is the $1,182 Section 16(b) amount mentioned in the electroCore (ECOR) Form 4?

The document states the transaction resulted in a Section 16(b) claim of $1,182 under the Exchange Act. Goldberger voluntarily paid the full $1,182 amount to electroCore, meaning the company, not the insider, received this payment.

Is this electroCore (ECOR) insider sale part of a broader trading plan?

The information provided attributes the 16,072-share sale to RSU vesting-related tax withholding, rather than a broader trading strategy. It emphasizes the sale’s purpose as satisfying tax obligations incurred when the previously issued RSUs vested and settled.