[Form 4] electroCore, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Thomas J. Errico, a director of electroCore, Inc. (ECOR), purchased 15,000 common shares on 08/11/2025 at a weighted-average price of $4.47 per share. After the purchase he beneficially owns 281,401 shares, consisting of 217,051 shares owned directly, 1,296 and 11,000 shares held in two trusts, 50,672 vested Deferred Stock Units (DSUs), and 1,382 DSUs that vest monthly through September 3, 2025 (with full vesting earlier upon specified events). The filer notes a price range of $4.34 to $4.55 and will provide a breakdown of purchases on request.

Positive

• Director Thomas J. Errico purchased 15,000 shares at a weighted-average $4.47, increasing his beneficial ownership to 281,401 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchase modestly increases a director's stake; transaction appears small relative to total outstanding shares.

The Form 4 reports a market purchase (transaction code P) of 15,000 shares at a weighted-average price of $4.47 (range $4.34–$4.55). Post-transaction beneficial ownership is 281,401 shares, with a clear breakdown of direct holdings, trusts and Deferred Stock Units. While insider buys can signal confidence, the filing does not provide company share count or market-cap context, so the absolute impact on valuation cannot be assessed from this form alone.

Corporate Governance Expert

TL;DR: Disclosure follows standard Section 16 reporting and details DSU vesting mechanics and trust holdings.

The report identifies Errico as a director and discloses various ownership forms including trusts and DSUs, plus specific vesting terms for 1,382 DSUs through September 3, 2025 and accelerated vesting triggers. The filing also offers to supply a price-by-price breakdown of the open-market purchases. These elements provide transparent reporting of beneficial ownership and compensation-derived equity.

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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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^*

Errico Thomas J.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		P		15,000	A	$4.47(1)	281,401(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 purchased at prices ranging from $4.34 to $4.55. 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. Consists of 217,051 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; 50,672 shares that have vested pursuant to previously issued Deferred Stock Units (DSUs); and 1,382 shares issuable pursuant to DSUs that vest monthly through September 3, 2025; provided that such DSUs vest in full on the earlier of (i) one business day prior to the Issuer's next annual stockholder meeting, and (ii) the date immediately prior to a change of control, in each case, provided the RP remains in service with the Issuer through the applicable vesting date.

	/s/ John L. Cleary, II, attorney-in-fact	08/13/2025
	** 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 director Thomas J. Errico report?

Errico purchased 15,000 common shares on 08/11/2025 at a weighted-average price of $4.47 per share (price range $4.34–$4.55).

How many ECOR shares does Thomas J. Errico beneficially own after the reported purchase?

281,401 shares beneficially owned after the transaction: 217,051 direct, 1,296 and 11,000 in trusts, 50,672 vested DSUs, and 1,382 DSUs vesting monthly through September 3, 2025.

What price range did Errico pay for the ECOR shares?

$4.34 to $4.55 per share, with a weighted-average price disclosed as $4.47; the reporting person will provide a breakdown of shares purchased at each price upon request.

What are the DSU vesting conditions disclosed in the Form 4?

The 1,382 DSUs vest monthly through September 3, 2025, and the DSUs vest in full earlier of one business day prior to the issuer's next annual meeting or immediately prior to a change of control, provided the reporting person remains in service.

Was the Form 4 filed by a single reporting person or jointly?

The form indicates it was filed by one reporting person (Errico).