Goldberger Daniel S 4
4 · electroCore, Inc. · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
electroCore (ECOR) Former Officer Daniel S. Goldberger Sells Shares
What Happened
Daniel S. Goldberger, a former officer and director of electroCore, sold 16,072 shares of the company's common stock on April 10, 2026 at $6.02 per share, generating proceeds of $96,753. The sale followed the vesting and settlement of previously issued restricted stock units (RSUs) and was done to satisfy tax withholding obligations; it was reported as a sale (S) on Form 4.
Key Details
- Transaction date and price: April 10, 2026 — 16,072 shares sold at $6.02 each (proceeds $96,753).
- Reason: Sale occurred upon RSU vesting and settlement to cover tax withholding (footnote).
- Post-transaction holdings: 3,665 shares were issued net of the amount sold from the prorated April 1, 2026 RSU vesting; additionally, 43,200 RSUs remain and will continue to vest monthly (3,600 RSUs/month) per the consulting and separation agreement.
- Section 16(b) matter: The reported transaction triggered a $1,182 claim under Section 16(b); the reporting person voluntarily paid that amount to the company (footnote).
- Transaction type: Sale to cover taxes (routine liquidity event rather than an open-market purchase).
Context
This was not a purchase signal — the shares were sold to meet tax withholding from RSU vesting. Remaining RSUs will vest over time (3,600/month), so future vesting and any associated withholding or sales are possible. The filing reports the settlement and tax-related sale; no additional indications of trading plans or trading by a 10% owner are reported.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-04-10$6.02/sh−16,072$96,753→ 291,471 total
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.