Martin P. Akins - Dec 31, 2021 Form 4 Insider Report for Exela Technologies, Inc. (XELA)

Role
Director
Signature
/s/ Martin P. Akins
Stock symbol
XELA
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 08:40 PM
Previous filing
Dec 13, 2021
Next filing
Mar 15, 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 Options Exercise +13.2K +14.84% 102K Dec 31, 2021 Direct F1
transaction XELA Common Stock Options Exercise +125K +122.09% 227K Jan 3, 2022 Direct F1, F3

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 Units Options Exercise $0 -13.2K -50% $0.00 13.2K Dec 31, 2021 Common Stock 13.2K Direct F1, F2
transaction XELA Restricted Stock Units Award +125K 125K Dec 31, 2021 Common Stock 125K Direct F1, F4
transaction XELA Restricted Stock Units Options Exercise $0 -125K -100% $0.00* 0 Jan 3, 2022 Common Stock 125K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock, which may be settled in shares of Common Stock or cash as elected by the Compensation Committee of the Board of Directors of the Company.
F2 On August 13, 2019, the reporting person was granted 119,047 restricted stock units (before taking into account the one-for-three Reverse Stock Split effected by the Company on January 25, 2021) as non-employee director equity compensation pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The remainder of this award will vest immediately prior to the 2022 annual meeting of the Company.
F3 Shares of Common Stock issued upon vesting of restricted stock units will be settled following filing by Exela Technologies Inc. of a Registration Statement on Form S-8 with respect thereto.
F4 On December 31, 2021, following the Company's 2021 annual meeting of stockholders, the reporting person was granted 125,000 restricted stock units as non-employee director equity compensation for 2021 pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The restricted stock units vested on January 3, 2022, the first business day of 2022.