Par Chadha - Dec 9, 2021 Form 4 Insider Report for Exela Technologies, Inc. (XELA)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Sharon Chadha
Stock symbol: XELA
Transactions as of: Dec 9, 2021
Transactions value $: $200,000
Form type: 4
Date filed: 12/10/2021, 07:50 AM
Previous filing: Nov 17, 2021
Next filing: Mar 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XELA	Common Stock, par value $0.0001 per share (''Common Stock'')	Award	$200K	+159K	+317.16%	$1.26	209K	Dec 9, 2021	Direct	F10, F11
holding	XELA	Common Stock						3.98M	Dec 9, 2021	See Footnote	F1, F2, F4, F5, F10
holding	XELA	Common Stock						62.5K	Dec 9, 2021	See Footnote	F3, F4, F10
holding	XELA	Common Stock						104K	Dec 9, 2021	See Footnote	F1, F2, F4, F6, F10
holding	XELA	Common Stock						5.71M	Dec 9, 2021	See Footnote	F1, F2, F4, F7, F10
holding	XELA	Common Stock						961K	Dec 9, 2021	See Footnote	F1, F2, F4, F8, F10
holding	XELA	Common Stock						15.5K	Dec 9, 2021	See Footnote	F1, F2, F4, F9, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	Shares owned directly by Sharon Chadha, Par Chadha's spouse.
F4	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.
F5	Shares directly owned by HOF 2.
F6	Shares directly owned by HGM.
F7	Shares directly owned by HOVS.
F8	Shares directly owned by Adesi.
F9	Shares directly owned by HOF 3.
F10	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.
F11	On December 9, pursuant to the Subscription Agreement by and between Par Chadha and Exela Technologies, Inc., Par Chadha purchased 158,730 shares of Common Stock for an aggregate purchase price of $200,000. The amount of purchased shares was calculated based on the share price at the close of business on December 8, 2021.