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.