Shrikant Sortur - 19 Feb 2022 Form 4 Insider Report for Exela Technologies, Inc. (XELA)

Role: Chief Financial Officer
Signature: /s/ Shrikant Sortur
Issuer symbol: XELA
Transactions as of: 19 Feb 2022
Net transactions value: -$8,034
Form type: 4
Filing time: 08 Mar 2022, 16:38:49 UTC
Previous filing: 13 Dec 2021
Next filing: 16 Mar 2022
SEC: View on sec.gov

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	$0	+30,000	+39%	$0.000000	106,048	03 Mar 2022	Direct
transaction	XELA	Common Stock	Tax liability	$8,034	-10,170	-9.6%	$0.7900^*	95,878	03 Mar 2022	Direct	F1

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	-30,000	-100%	$0.000000^*	0	19 Feb 2022	Common Stock	30,000	$0.000000	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Shares withheld as payment of a tax liability on vesting of restricted stock units based on vesting date price.
F2	Restricted Stock Unites vested and converted into shares of Common Stock 3/3/2022.