Filing Details

Accession Number:
0001104659-21-061698
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-05-05 13:00:00
Reporting Period:
2021-03-29
Accepted Time:
2021-05-05 16:02:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1620179 Exela Technologies Inc. XELA () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
938202 Par Chadha 8550 West Desert Inn Road,
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
1712365 Adesi 234 Llc 8550 West Desert Inn Road,
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
1712411 Handson Fund 4 I, Llc 8550 West Desert Inn Road
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
1712472 Handson Global Management, Llc 8550 West Desert Inn Road
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
1712473 Hof 2 Llc 8550 West Desert Inn Road
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
1712480 Hov Capital Iii Llc 8550 West Desert Inn Road,
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
1712482 Ltd Services Hov 8550 West Desert Inn Road
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
1712484 Hovs Llc 8550 West Desert Inn Road
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
1741367 Handson 3, Llc 8550 West Desert Inn Road
Suite 102-452
Las Vegas NV 89117
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.0001 Per Share (''Common Stock'') Disposition 2021-05-03 100,000 $1.89 4,512,939 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 50,047 Direct
Common Stock 104,083 Indirect See Footnote
Common Stock 5,712,123 Indirect See Footnote
Common Stock 960,633 Indirect See Footnote
Common Stock 15,500 Indirect See Footnote
Footnotes
  1. HOVS LLC, a Delaware limited liability company ("HOVS"), HandsOn Fund 4 I, LLC, a Nevada limited liability company ("HOF 4"), and HOV Capital III, LLC, a Nevada limited liability company ("HOV 3") each directly own shares of Exela Technologies, Inc. (the "Issuer"). HOVS is a wholly-owned subsidiary of HOV Services Ltd., an Indian limited company ("HOV Services" and together with HandsOn Global Management, LLC, a Delaware limited liability company ("HGM"), HOVS, HOF 2 LLC, a Nevada limited liability company ("HOF 2"), HOF 4, HOV 3, and Adesi 234 LLC, a Nevada limited liability company ("Adesi"), the "HGM Group")). Adesi and HOF 2 LLC together own a majority of HOF 4. Adesi and HOF 2, own a majority of the equity interests of HOV 3. Mr. Par Chadha may be deemed to control HandsOn 3, LLC, a Nevada limited liability company ("HOF 3") and the HGM Group.
  2. The parties identified above and HGM may be deemed to beneficially own any shares of the Issuer owned by the entities in which they are beneficial owners. Each member of the HGM Group disclaims beneficial ownership of any shares of the Issuer owned by any other member of the HGM Group, except to the extent of its pecuniary interest therein. Solely for purposes of Section 16 of the Exchange Act, the HGM Group may be deemed to be directors-by-deputization by virtue of the HGM Group's contractual right to designate directors to the board of directors of the Issuer. For purposes of the exemption under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended.
  3. On May 3, 2021, pursuant to a plan of disposition adopted by HOF 2 on March 26, 2021, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"), HOF 2 sold 100,000 shares in a series of trades. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.84 to $1.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.
  4. The number of shares reported in this Form 4 account for the one-for-three Reverse Stock Split effected by the Issuer on January 25, 2021.
  5. Shares directly owned by HOF 2.
  6. Shares directly owned by HGM.
  7. Shares directly owned by HOVS.
  8. Shares directly owned by Adesi.
  9. Shares directly owned by HOF 3.