Goldberger Daniel S 4
Research Summary
AI-generated summary
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.