Par Chadha - 11 Oct 2021 Form 4 Insider Report for Exela Technologies, Inc. (XELA)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Par Chadha
Issuer symbol
XELA
Transactions as of
11 Oct 2021
Net transactions value
$0
Form type
4
Filing time
13 Oct 2021, 21:38:20 UTC
Previous filing
16 Sep 2021
Next filing
17 Nov 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction XELA Restricted Stock Unit Award +90,909 90,909 11 Oct 2021 Common Stock 90,909 See Footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units will vest ratably over a three-year period immediately prior to the first, second and third Annual Meetings subsequent to October 11, 2021.
F2 Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
F3 Shares owned directly by Sharon Chadha, Par Chadha's spouse.
F4 Par Chadha may be deemed to beneficially own shares of the Issuer owned by Sharon Chadha, his spouse, and entities owned or controlled by Par and/or Sharon Chadha. The Reporting Person disclaims beneficial ownership of any shares of the Issuer owned by such other Persons, except to the extent of her pecuniary interest therein.