Fox Michael 4

What Happened
Michael Fox, chief operating officer of electroCore, was granted 70,000 restricted stock units (RSUs) on April 13, 2026. The grant is reported as an acquisition at a grant price of $0.00 (transaction code A); the reported acquisition value at grant is $0. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-13; Form 4 filed 2026-04-14 (timely filing).
• Grant: 70,000 RSUs at $0.00 (award/grant – code A).
• Shares owned after transaction: not specified in the filing.
• Vesting/conditions (footnote): RSUs vest one‑third on the first anniversary of the grant, with the remainder vesting in equal annual installments over the next two years, subject to continued service. Unvested RSUs may also vest if the reporting person is terminated without "cause" or resigns for "good reason" within two years after a defined change in control.
• No 10b5‑1 plan, sale, exercise, or tax‑withholding detail reported in this filing.

Context
RSU grants are a form of equity compensation and do not represent an immediate cash transaction; their eventual value depends on electroCore’s stock price at vesting. Such awards are common for executives and primarily reflect compensation and retention, not an immediate market sentiment signal.