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Filing Details

Accession Number:: 0001104659-21-116441
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-16 17:10:35
Reporting Period:: 2021-09-14

Accepted Time:: 2021-09-16 17:10:35
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	Chairman	Yes	Yes	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	855 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

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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	2021-09-15	100,000	$2.06	4,112,939	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Units	Acquisiton	2021-09-14	8,500,000	$0.00	8,500,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
8,500,000			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	50,047	Direct
Common Stock	104,083	Indirect	See Footnotes
Common Stock	5,712,123	Indirect	See Footnotes
Common Stock	960,633	Indirect	See Footnotes
Common Stock	15,500	Indirect	See Footnotes

Footnotes

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. 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.
On September 15, 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. 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.
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.
Shares directly owned by HOF 2.
Shares directly owned by HGM.
Shares directly owned by HOVS.
Shares directly owned by Adesi.
Shares directly owned by HOF 3.
Represents the economic equivalent of one share of Company common stock, which shall be settled in cash to Par Chadha; provided, that, following approval by the Company's shareholders of an increase to the number of shares authorized for issuance under the Company's stock incentive plan, the Performance Units may be settled in cash or in Common Stock.
The vested Performance Units shall settle on a date selected by the Company within 30 days following the applicable vesting date. One half of the Performance Units shall vest on the first day prior to June 30, 2024 on which either the volume weighted average of the reported closing prices of the Common Stock ("VWAP") is $10 per share (as equitably adjusted) or greater on 60 consecutive trading days following the date of the grant or the VWAP is $10 per share (as equitably adjusted) or greater on 90 non-consecutive trading days in any period of one hundred and 180 days following the date of the grant. The second half of the Performance Units shall vest on the first day prior to June 30, 2025 on which either the VWAP is $20 per share (as equitably adjusted) or greater on 60 consecutive trading days following the date of the grant or the VWAP is $20 per share (as equitably adjusted) or greater on 90 non-consecutive trading days in any period of 180 days following the date of the grant