Neuromuscular electrical stimulation (NMES) of the peripheral nervous system has been largely used in the field of neurorehabilitation to decrease muscle atrophy and to restore motor function in paralyzed patients. The rehabilitative effects of NMES rely on the direct or indirect efferent effect on muscle tone and afferent volleys that induce cortical excitation. Although different neuroimaging tools suggested the capability of NMES to regulate the excitability of sensorimotor cortex and corticospinal circuits, to date how intensity and dose of NMES can neuromodulate the brain oscillatory activity measured with electroencephalography (EEG) is yet to be clarified. In the present study, we quantify the effect of NMES parameters on brain oscillatory activity of twelve healthy participants who underwent stimulation of wrist extensors during rest while EEG was recorded. Three different NMES intensities were included: (1) low, inducing slight sensory perception, (2) medium, inducing moderate sensory perception, and (3) high, generating a functional movement. Firstly, we efficiently removed stimulation artifacts from the sensorimotor brain oscillatory activity. Secondly, we analyzed the effect of amplitude and dose on the latter. On the one hand, we observed significant NMES amplitude-dependent brain SMR modulation, demonstrating the direct effect of afferent receptors recruitment. On the other hand, our results revealed a significant NMES amplitude-based dose-effect on SMR modulation over time. While at low and medium intensities the NMES produced a significant cortical inhibitory effect in time, at high intensity a significant cortical facilitatory effect was induced. These results highlight the functionally relevant role of muscle contraction and proprioception in sensorimotor processes, which should be carefully considered for the design and development of NMES based neuromodulation.