Lev Joshua S. 4

What Happened

• Joshua S. Lev, Chief Financial Officer of electroCore, received two grants of restricted stock units (RSUs) on January 26, 2026: 2,889 RSUs and 25,000 RSUs, for a total of 27,889 RSUs. The awards were granted at $0.00 per share (award/compensation, transaction code A).

Key Details

• Transaction date: 2026-01-26; filing date: 2026-01-28 (timely filing).
• Price: $0.00 per share (award/grant); total cash paid = $0.
• Vesting for the grants: generally vests 33% on each of the first, second and third anniversaries of the grant date, subject to continued service; additional vesting provisions apply on certain change-in-control terminations (see below).
• The filing also notes 21,667 shares issuable from previously granted RSUs: (a) 10,000 RSUs of which 3,333 have vested (3,333 vest on Jan 15, 2027 and 3,334 on Jan 15, 2028); and (b) 11,667 RSUs of which 6,334 have vested (5,333 vest on Jan 12, 2027). Vested shares are eligible for sale per the filing.
• Shares owned after the transaction are not shown as a single total in the filing; the report discloses current and previously issued RSUs and their vesting schedules.
• No sale or purchase (cash) occurred; this is a compensation award (A).

Context

• These are time-based RSU awards (compensation/retention), not open-market purchases or sales. Such awards are common for executive pay and primarily reflect compensation and retention rather than a direct market sentiment signal.
• Some previously granted RSUs have already vested and are eligible for sale, while the new grants will vest over the next three years subject to service and certain change-in-control provisions.