Errico Thomas J. 4

What Happened

• Thomas J. Errico, a director of electroCore, exercised in-the-money derivative awards (Form 4 code X) on March 19, 2026, converting options into 42,055 common shares. He acquired 22,803 shares at $4.35 (cost $99,193) and 19,252 shares at $6.43 (cost $123,790), for a combined cash outlay of $222,983.
• These transactions are exercises of options/derivative awards (not open-market purchases or sales). No sales were reported in this filing.

Key Details

• Transaction date: 2026-03-19; Form filed: 2026-03-20.
• Exercise details: 22,803 shares @ $4.35 (paid $99,193); 19,252 shares @ $6.43 (paid $123,790). Total shares acquired: 42,055; total paid: $222,983.
• Post-transaction beneficial ownership (per footnote): 350,071 shares total, including 259,106 directly owned, 1,296 and 11,000 held in family trusts, 26,615 unvested shares underlying DSUs, and 52,054 vested DSU shares (previously reported).
• No 10b5-1 plan, tax-withholding sale, or late filing flag was reported in the filing.

Context

• This was an exercise of options/derivative awards (code X). The filing shows conversion of derivative instruments into shares; there is no indication the shares were immediately sold (i.e., not a cashless exercise followed by a sale).
• Exercises increase the insider’s share ownership but do not necessarily indicate the insider’s view of the stock beyond choosing to convert options to shares.