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Filing Details

Accession Number:: 0001104659-24-062633
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2024-05-16 17:36:24
Reporting Period:: 2023-10-09

Accepted Time:: 2024-05-16 17:36:24
Original Submission Date:: 2024-04-24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1620179	Exela Technologies Inc.	XELA	()	4/A

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	Executive Chairman	Yes	Yes	No	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	Acquisiton	2024-04-23	18,039	$2.00	53,688	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2024-04-22	31,961	$2.00	35,649	No	4	P	Indirect	See Footnote
Special Voting Stock	Acquisiton	2023-10-09	1,000,000	$0.00	1,000,000	No	4	A	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	A	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Convertible Preferred Stock	Acquisiton	2023-12-27	625,000	$0.00	0	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
625,000			No	4	A	Indirect

Footnotes

Represents the average price of shares of common stock purchased in multiple transactions at prices ranging from $1.985 to $2 per share. Full information regarding the number of shares purchased and specific prices will be made available upon request to the Company's Office of the General Counsel.
Represents the average price of shares of common stock purchased in multiple transactions at prices ranging from $1.97 to $2.005 per share. Full information regarding the number of shares purchased and specific prices will be made available upon request to the Company's Office of the General Counsel.
Shares held directly by HandsOn Global Management LLC and its affiliates (collectively, "HGM"). Par Chadha is the manager of HGM.
On October 9, 2023, the Company entered into the Subscription, Voting and Redemption Agreement with GP-HGM LLC, an entity affiliated with Par Chadha, pursuant to which GP-HGM LLC purchased 1,000,000 shares of a new class of preferred stock designated as "Special Voting Stock" for an aggregate purchase price of $100. Each share of Special Voting Stock is entitled to 20,000 votes per share on certain items to be voted upon at an upcoming special meeting of the Company's stockholders and will be redeemed following the vote on such items.
Shares held directly by GP-HGM LLC, of which Par Chadha is the manager.
Each share of Series A Preferred Stock is convertible at the holder's option, at any time into the number of shares of Common Stock determined as of the date of conversion using a certain conversion formula that takes into account the amount of liquidation preference per share as adjusted for accrued but unpaid dividends pursuant to the Issuer's Certificate of Designations, Preferences, Rights and Limitations of Series A Perpetual Convertible Preferred Stock and Certificate of Decrease of Series A Perpetual Convertible Preferred Stock. The shares of Series A Convertible Preferred Stock have no expiration date.