Coley Clark - Dec 31, 2021 Form 4 Insider Report for Exela Technologies, Inc. (XELA)

Role: Director
Signature: /s/ J. Coley Clark
Stock symbol: XELA
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 4
Date filed: 1/4/2022, 08:43 PM
Previous filing: Dec 10, 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	Options Exercise		+125K	+157.5%		204K	Jan 3, 2022	Direct	F1, F2

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	Award		+125K			125K	Dec 31, 2021	Common Stock	125K		Direct	F2, F3
transaction	XELA	Restricted Stock Units	Options Exercise	$0	-125K	-100%	$0.00^*	0	Jan 3, 2022	Common Stock	125K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.