electroCore (ECOR) Director Thomas J. Errico Receives Award

What Happened

• Thomas J. Errico, a director of electroCore, was granted 15,572 deferred stock units (DSUs) on September 9, 2026. The award was reported at $0.00 per share (no cash paid at grant). This is an equity compensation grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-09-09; Form 4 filed: 2026-09-10 (timely within the 2-business-day reporting window).
• Grant size and price: 15,572 DSUs at $0.00.
• Shares owned after transaction: 343,332 beneficially owned shares that are already vested (breakdown per footnote: 274,106 directly owned; 1,296 in a family trust; 11,000 in another trust; 56,930 from previously vested DSUs). In addition, 15,572 DSUs were granted and remain subject to vesting.
• Notable footnotes:
  • F1: DSUs vest in 12 equal monthly installments from the grant date, but will vest in full earlier of (i) one business day before the issuer’s next annual meeting or (ii) immediately prior to a change of control, provided continuous service.
  • F2: Details the breakdown of currently held shares and notes that previously vested DSU shares were reported when granted.
• Filing status: Timely (not late).

Context

• Deferred stock units are a form of equity compensation that convert to shares as they vest; they are not immediate open‑market purchases and do not necessarily signal insider buying or selling intent. This grant appears to be routine compensation for a director subject to the stated vesting conditions.