AGÕæÈ˹ٷ½

STOCK TITAN

[Form 4] electroCore, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 144 filed for Arteris, Inc. (AIP) discloses that insider Nicholas Hawkins plans to sell 11,276 common shares on 5 Aug 2025 through Morgan Stanley Smith Barney. The shares are valued at $106,558, implying an estimated price of roughly $9.46 each. Arteris has 41.98 million shares outstanding, so the proposed sale equals ~0.03 % of the float.

The filing also details the insider’s trading activity over the prior three months: 60,324 shares have already been sold under a Rule 10b5-1 plan, generating about $488 k in gross proceeds. These prior disposals occurred on 13 separate dates between 8 May 2025 and 1 Aug 2025, with individual block sizes ranging from 438 to 11,000 shares.

All shares being sold were acquired via stock-option exercises on 18 Oct 2021 and paid for in cash. The signer certifies no undisclosed material adverse information. While the absolute number of shares is small relative to Arteris’s capitalization, the steady cadence of insider selling may draw investor attention to management’s sentiment and share-based compensation practices.

Il modulo 144 presentato per Arteris, Inc. (AIP) rivela che l'insider Nicholas Hawkins prevede di vendere 11.276 azioni ordinarie il 5 agosto 2025 tramite Morgan Stanley Smith Barney. Le azioni hanno un valore di 106.558 $, con un prezzo stimato di circa 9,46 $ ciascuna. Arteris ha 41,98 milioni di azioni in circolazione, quindi la vendita proposta corrisponde a circa il 0,03% del flottante.

Il documento dettaglia anche l’attività di trading dell’insider negli ultimi tre mesi: sono già state vendute 60.324 azioni nell’ambito di un piano Rule 10b5-1, generando circa 488 mila $ di proventi lordi. Queste vendite precedenti sono avvenute in 13 date diverse tra l�8 maggio 2025 e il 1° agosto 2025, con blocchi singoli che variano da 438 a 11.000 azioni.

Tutte le azioni vendute sono state acquisite tramite esercizio di stock option il 18 ottobre 2021 e pagate in contanti. Il firmatario certifica l’assenza di informazioni materiali negative non divulgate. Sebbene il numero assoluto di azioni sia contenuto rispetto alla capitalizzazione di Arteris, la frequenza costante delle vendite da parte dell’insider potrebbe attirare l’attenzione degli investitori sul sentiment della direzione e sulle pratiche di remunerazione basate sulle azioni.

El formulario 144 presentado para Arteris, Inc. (AIP) revela que el insider Nicholas Hawkins planea vender 11.276 acciones comunes el 5 de agosto de 2025 a través de Morgan Stanley Smith Barney. Las acciones están valoradas en 106.558 $, lo que implica un precio estimado de aproximadamente 9,46 $ cada una. Arteris tiene 41,98 millones de acciones en circulación, por lo que la venta propuesta equivale a aproximadamente el 0,03% del flotante.

La presentación también detalla la actividad comercial del insider durante los últimos tres meses: ya se han vendido 60.324 acciones bajo un plan Rule 10b5-1, generando alrededor de 488 mil $ en ingresos brutos. Estas disposiciones previas ocurrieron en 13 fechas diferentes entre el 8 de mayo de 2025 y el 1 de agosto de 2025, con bloques individuales que van desde 438 hasta 11.000 acciones.

Todas las acciones vendidas fueron adquiridas mediante ejercicio de opciones sobre acciones el 18 de octubre de 2021 y pagadas en efectivo. El firmante certifica que no hay información material adversa no divulgada. Aunque el número absoluto de acciones es pequeño en relación con la capitalización de Arteris, la constante frecuencia de ventas por parte del insider podría llamar la atención de los inversores sobre el sentimiento de la dirección y las prácticas de compensación basadas en acciones.

Arteris, Inc. (AIP)ì—� 대í•� 제출ë� 144 ì–‘ì‹ì—� 따르ë©� ë‚´ë¶€ìž� Nicholas Hawkinsê°¶Ä 2025ë…� 8ì›� 5ì�ì—� Morgan Stanley Smith Barneyë¥� 통해 11,276 보통ì£�ë¥� 매ë„í•� 계íšìž„ì„ ê³µê°œí–ˆìŠµë‹ˆë‹¤. 해당 주ì‹ì� ê°¶Ä치는 106,558달러ë¡�, 주당 ì•� 9.46달러ë¡� 추정ë©ë‹ˆë‹�. ArterisëŠ� 4,198ë§� ì£�ì� 주ì‹ì� 발행ë˜ì–´ 있어, ì´ë²ˆ 매ë„ëŠ� 유통 주ì‹ì� ì•� 0.03%ì—� 해당합니ë‹�.

해당 서류ëŠ� ë˜í•œ ë‚´ë¶€ìžì˜ 최근 3개월 거래 ë‚´ì—­ë� ìƒì„¸íž� 기ë¡í•˜ê³  있습니다: 60,324 ì£�ê°¶Ä Rule 10b5-1 ê³„íš í•˜ì— ì´ë¯¸ 매ë„ë˜ì–´ ì•� 48ë§� 8ì²� 달러ì� ì´� 수ìµì� 창출했습니다. ì´ì „ 매ë„ëŠ� 2025ë…� 5ì›� 8ì¼ë¶€í„� 8ì›� 1ì¼ê¹Œì§€ 13íšŒì— ê±¸ì³ ì´ë£¨ì–´ì¡Œìœ¼ë©°, 개별 거래 규모ëŠ� 438주ì—ì„� 11,000ì£� 사ì´ì˜€ìŠµë‹ˆë‹�.

매ë„ë� 모든 주ì‹ì€ 2021ë…� 10ì›� 18ì� ì£¼ì‹ ì˜µì…˜ 행사ë¥� 통해 ì·¨ë“ë˜ì—ˆìœ¼ë©° 현금으로 지급ë˜ì—ˆìŠµë‹ˆë‹¤. 서명ìžëŠ” 공개ë˜ì§€ ì•Šì€ ì¤‘ëŒ€í•� ë¶€ì •ì  ì •ë³´ê°¶Ä ì—†ìŒì� ì¦ëª…합니ë‹�. Arterisì� 시갶Äì´ì•� 대ë¹� ì£¼ì‹ ìˆ˜ëŠ” ì ì§€ë§�, ë‚´ë¶€ìžì˜ 꾸준í•� ë§¤ë„ í–‰ë³´ëŠ� ê²½ì˜ì§„ì˜ ì‹¬ë¦¬ì™€ ì£¼ì‹ ë³´ìƒ ì •ì±…ì—� 대í•� 투ìžìžë“¤ì� ê´€ì‹¬ì„ ë� ìˆ� 있습니다.

Le formulaire 144 déposé pour Arteris, Inc. (AIP) révèle que l’initié Nicholas Hawkins prévoit de vendre 11 276 actions ordinaires le 5 août 2025 via Morgan Stanley Smith Barney. Les actions sont évaluées à 106 558 $, ce qui implique un prix estimé d’environ 9,46 $ chacune. Arteris compte 41,98 millions d’actions en circulation, la vente proposée représente donc environ 0,03 % du flottant.

Le dépôt détaille également l’activité de trading de l’initié au cours des trois derniers mois : 60 324 actions ont déjà été vendues dans le cadre d’un plan Rule 10b5-1, générant environ 488 000 $ de produits bruts. Ces ventes antérieures ont eu lieu à 13 dates distinctes entre le 8 mai 2025 et le 1er août 2025, avec des blocs individuels allant de 438 à 11 000 actions.

Toutes les actions vendues ont été acquises via l’exercice d’options d’achat d’actions le 18 octobre 2021 et payées en espèces. Le signataire certifie qu’aucune information défavorable importante non divulguée n’existe. Bien que le nombre absolu d’actions soit faible par rapport à la capitalisation d’Arteris, le rythme régulier des ventes d’initiés pourrait attirer l’attention des investisseurs sur le sentiment de la direction et les pratiques de rémunération basées sur les actions.

Das für Arteris, Inc. (AIP) eingereichte Formular 144 offenbart, dass Insider Nicholas Hawkins plant, am 5. August 2025 11.276 Stammaktien über Morgan Stanley Smith Barney zu verkaufen. Die Aktien sind mit 106.558 $ bewertet, was einen geschätzten Preis von etwa 9,46 $ pro Aktie bedeutet. Arteris hat 41,98 Millionen ausstehende Aktien, sodass der geplante Verkauf etwa 0,03 % des Streubesitzes entspricht.

Die Einreichung beschreibt auch die Handelsaktivitäten des Insiders in den vorangegangenen drei Monaten: Bereits 60.324 Aktien wurden im Rahmen eines Rule 10b5-1-Plans verkauft und erzielten rund 488.000 $ Bruttoerlös. Diese vorherigen Verkäufe erfolgten an 13 verschiedenen Terminen zwischen dem 8. Mai 2025 und dem 1. August 2025, mit einzelnen Blockgrößen von 438 bis 11.000 Aktien.

Alle zum Verkauf stehenden Aktien wurden durch Ausübung von Aktienoptionen am 18. Oktober 2021 erworben und bar bezahlt. Der Unterzeichner bestätigt, dass keine nicht offengelegten wesentlichen negativen Informationen vorliegen. Obwohl die absolute Anzahl der Aktien im Verhältnis zur Marktkapitalisierung von Arteris gering ist, könnte die kontinuierliche Verkaufsaktivität des Insiders die Aufmerksamkeit der Investoren auf die Stimmung des Managements und die aktienbasierten Vergütungspraktiken lenken.

Positive
  • Rule 10b5-1 plan mitigates concerns about trading on non-public information
  • Sale size is only ~0.03 % of shares outstanding, posing negligible dilution or market impact
Negative
  • Continued insider selling (>60 k shares in past 3 months plus new 11 k notice) may signal limited insider confidence
  • Aggregate proceeds ~$0.6 M in a short window could pressure sentiment in the absence of offsetting insider buys

Insights

TL;DR: Multiple 10b5-1 sales and new Form 144 indicate ongoing insider monetization, mildly negative for sentiment.

The filing signals continued disposal of shares by Nicholas Hawkins. Although Rule 10b5-1 plans reduce the risk of information asymmetry, the cumulative sale of >60 k shares in three months plus a fresh 11 k-share notice may be interpreted as waning insider confidence or simple diversification. The amount is immaterial to the float, but frequent filings keep insider-selling headlines alive, which can pressure the stock in low-liquidity periods. No red flags regarding undisclosed adverse information are claimed.

TL;DR: Transaction is immaterial to fundamentals; treat as neutral unless insider selling trend accelerates.

At 0.03 % of outstanding shares and ~$0.1 M value, this planned sale will not affect supply-demand dynamics. Arteris trades millions of dollars daily, so execution risk is minimal. Investors should monitor if other executives follow suit or if Hawkins’s remaining holdings shrink materially. Absent macro context or earnings data, the event is not impactful to valuation models but could weigh on short-term sentiment.

Il modulo 144 presentato per Arteris, Inc. (AIP) rivela che l'insider Nicholas Hawkins prevede di vendere 11.276 azioni ordinarie il 5 agosto 2025 tramite Morgan Stanley Smith Barney. Le azioni hanno un valore di 106.558 $, con un prezzo stimato di circa 9,46 $ ciascuna. Arteris ha 41,98 milioni di azioni in circolazione, quindi la vendita proposta corrisponde a circa il 0,03% del flottante.

Il documento dettaglia anche l’attività di trading dell’insider negli ultimi tre mesi: sono già state vendute 60.324 azioni nell’ambito di un piano Rule 10b5-1, generando circa 488 mila $ di proventi lordi. Queste vendite precedenti sono avvenute in 13 date diverse tra l�8 maggio 2025 e il 1° agosto 2025, con blocchi singoli che variano da 438 a 11.000 azioni.

Tutte le azioni vendute sono state acquisite tramite esercizio di stock option il 18 ottobre 2021 e pagate in contanti. Il firmatario certifica l’assenza di informazioni materiali negative non divulgate. Sebbene il numero assoluto di azioni sia contenuto rispetto alla capitalizzazione di Arteris, la frequenza costante delle vendite da parte dell’insider potrebbe attirare l’attenzione degli investitori sul sentiment della direzione e sulle pratiche di remunerazione basate sulle azioni.

El formulario 144 presentado para Arteris, Inc. (AIP) revela que el insider Nicholas Hawkins planea vender 11.276 acciones comunes el 5 de agosto de 2025 a través de Morgan Stanley Smith Barney. Las acciones están valoradas en 106.558 $, lo que implica un precio estimado de aproximadamente 9,46 $ cada una. Arteris tiene 41,98 millones de acciones en circulación, por lo que la venta propuesta equivale a aproximadamente el 0,03% del flotante.

La presentación también detalla la actividad comercial del insider durante los últimos tres meses: ya se han vendido 60.324 acciones bajo un plan Rule 10b5-1, generando alrededor de 488 mil $ en ingresos brutos. Estas disposiciones previas ocurrieron en 13 fechas diferentes entre el 8 de mayo de 2025 y el 1 de agosto de 2025, con bloques individuales que van desde 438 hasta 11.000 acciones.

Todas las acciones vendidas fueron adquiridas mediante ejercicio de opciones sobre acciones el 18 de octubre de 2021 y pagadas en efectivo. El firmante certifica que no hay información material adversa no divulgada. Aunque el número absoluto de acciones es pequeño en relación con la capitalización de Arteris, la constante frecuencia de ventas por parte del insider podría llamar la atención de los inversores sobre el sentimiento de la dirección y las prácticas de compensación basadas en acciones.

Arteris, Inc. (AIP)ì—� 대í•� 제출ë� 144 ì–‘ì‹ì—� 따르ë©� ë‚´ë¶€ìž� Nicholas Hawkinsê°¶Ä 2025ë…� 8ì›� 5ì�ì—� Morgan Stanley Smith Barneyë¥� 통해 11,276 보통ì£�ë¥� 매ë„í•� 계íšìž„ì„ ê³µê°œí–ˆìŠµë‹ˆë‹¤. 해당 주ì‹ì� ê°¶Ä치는 106,558달러ë¡�, 주당 ì•� 9.46달러ë¡� 추정ë©ë‹ˆë‹�. ArterisëŠ� 4,198ë§� ì£�ì� 주ì‹ì� 발행ë˜ì–´ 있어, ì´ë²ˆ 매ë„ëŠ� 유통 주ì‹ì� ì•� 0.03%ì—� 해당합니ë‹�.

해당 서류ëŠ� ë˜í•œ ë‚´ë¶€ìžì˜ 최근 3개월 거래 ë‚´ì—­ë� ìƒì„¸íž� 기ë¡í•˜ê³  있습니다: 60,324 ì£�ê°¶Ä Rule 10b5-1 ê³„íš í•˜ì— ì´ë¯¸ 매ë„ë˜ì–´ ì•� 48ë§� 8ì²� 달러ì� ì´� 수ìµì� 창출했습니다. ì´ì „ 매ë„ëŠ� 2025ë…� 5ì›� 8ì¼ë¶€í„� 8ì›� 1ì¼ê¹Œì§€ 13íšŒì— ê±¸ì³ ì´ë£¨ì–´ì¡Œìœ¼ë©°, 개별 거래 규모ëŠ� 438주ì—ì„� 11,000ì£� 사ì´ì˜€ìŠµë‹ˆë‹�.

매ë„ë� 모든 주ì‹ì€ 2021ë…� 10ì›� 18ì� ì£¼ì‹ ì˜µì…˜ 행사ë¥� 통해 ì·¨ë“ë˜ì—ˆìœ¼ë©° 현금으로 지급ë˜ì—ˆìŠµë‹ˆë‹¤. 서명ìžëŠ” 공개ë˜ì§€ ì•Šì€ ì¤‘ëŒ€í•� ë¶€ì •ì  ì •ë³´ê°¶Ä ì—†ìŒì� ì¦ëª…합니ë‹�. Arterisì� 시갶Äì´ì•� 대ë¹� ì£¼ì‹ ìˆ˜ëŠ” ì ì§€ë§�, ë‚´ë¶€ìžì˜ 꾸준í•� ë§¤ë„ í–‰ë³´ëŠ� ê²½ì˜ì§„ì˜ ì‹¬ë¦¬ì™€ ì£¼ì‹ ë³´ìƒ ì •ì±…ì—� 대í•� 투ìžìžë“¤ì� ê´€ì‹¬ì„ ë� ìˆ� 있습니다.

Le formulaire 144 déposé pour Arteris, Inc. (AIP) révèle que l’initié Nicholas Hawkins prévoit de vendre 11 276 actions ordinaires le 5 août 2025 via Morgan Stanley Smith Barney. Les actions sont évaluées à 106 558 $, ce qui implique un prix estimé d’environ 9,46 $ chacune. Arteris compte 41,98 millions d’actions en circulation, la vente proposée représente donc environ 0,03 % du flottant.

Le dépôt détaille également l’activité de trading de l’initié au cours des trois derniers mois : 60 324 actions ont déjà été vendues dans le cadre d’un plan Rule 10b5-1, générant environ 488 000 $ de produits bruts. Ces ventes antérieures ont eu lieu à 13 dates distinctes entre le 8 mai 2025 et le 1er août 2025, avec des blocs individuels allant de 438 à 11 000 actions.

Toutes les actions vendues ont été acquises via l’exercice d’options d’achat d’actions le 18 octobre 2021 et payées en espèces. Le signataire certifie qu’aucune information défavorable importante non divulguée n’existe. Bien que le nombre absolu d’actions soit faible par rapport à la capitalisation d’Arteris, le rythme régulier des ventes d’initiés pourrait attirer l’attention des investisseurs sur le sentiment de la direction et les pratiques de rémunération basées sur les actions.

Das für Arteris, Inc. (AIP) eingereichte Formular 144 offenbart, dass Insider Nicholas Hawkins plant, am 5. August 2025 11.276 Stammaktien über Morgan Stanley Smith Barney zu verkaufen. Die Aktien sind mit 106.558 $ bewertet, was einen geschätzten Preis von etwa 9,46 $ pro Aktie bedeutet. Arteris hat 41,98 Millionen ausstehende Aktien, sodass der geplante Verkauf etwa 0,03 % des Streubesitzes entspricht.

Die Einreichung beschreibt auch die Handelsaktivitäten des Insiders in den vorangegangenen drei Monaten: Bereits 60.324 Aktien wurden im Rahmen eines Rule 10b5-1-Plans verkauft und erzielten rund 488.000 $ Bruttoerlös. Diese vorherigen Verkäufe erfolgten an 13 verschiedenen Terminen zwischen dem 8. Mai 2025 und dem 1. August 2025, mit einzelnen Blockgrößen von 438 bis 11.000 Aktien.

Alle zum Verkauf stehenden Aktien wurden durch Ausübung von Aktienoptionen am 18. Oktober 2021 erworben und bar bezahlt. Der Unterzeichner bestätigt, dass keine nicht offengelegten wesentlichen negativen Informationen vorliegen. Obwohl die absolute Anzahl der Aktien im Verhältnis zur Marktkapitalisierung von Arteris gering ist, könnte die kontinuierliche Verkaufsaktivität des Insiders die Aufmerksamkeit der Investoren auf die Stimmung des Managements und die aktienbasierten Vergütungspraktiken lenken.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Theofilos James Charles

(Last) (First) (Middle)
C/O ELECTROCORE, INC.
200 FORGE WAY, SUITE 205

(Street)
ROCKAWAY NJ 07866

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
electroCore, Inc. [ ECOR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/01/2025 A 22,156(1) A $0 23,547(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These restricted stock units, which convert into common stock on a one-for-one basis ("RSUs"), were granted under the issuer's 2018 Omnibus Equity Compensation Plan and, except as otherwise provided in the award agreement, vest in 12 equal quarterly increments over a period of 36 months from the date of grant.
2. Includes 22,156 unvested RSUs and 1,391 shares of common stock.
/s/ James C. Theofilos 08/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Arteris (AIP) shares are planned for sale in this Form 144?

The filing covers 11,276 common shares scheduled for sale on 5 Aug 2025.

What is the estimated value of the planned insider sale?

At an implied price of ~$9.46, the sale is valued at about $106,558.

How much has the insider already sold in the past 3 months?

Nicholas Hawkins sold 60,324 shares between 8 May 2025 and 1 Aug 2025, raising roughly $488 k.

Does the sale rely on a Rule 10b5-1 trading plan?

Yes. The prior sales and the new notice reference a 10b5-1 plan for pre-arranged trades.

What percentage of Arteris’s outstanding shares does the new sale represent?

Approximately 0.03 % of the 41.98 million shares outstanding.

Were the shares purchased or option-derived?

All shares were acquired through stock-option exercises on 18 Oct 2021 and paid for in cash.
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