Martin P. Akins - 27 Jun 2022 Form 4 Insider Report for Exela Technologies, Inc. (XELA)

Role
Director
Signature
/s/ Martin Akins
Issuer symbol
XELA
Transactions as of
27 Jun 2022
Net transactions value
$0
Form type
4
Filing time
29 Jun 2022, 20:58:08 UTC
Previous filing
02 Jun 2022
Next filing
18 Aug 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 +13,228 +17% $0.000000 90,212 27 Jun 2022 Direct

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 -13,228 -100% 0 27 Jun 2022 Common Stock 13,228 Direct F2, F3
holding XELA Restricted Stock Units 125,000 27 Jun 2022 Common Stock 125,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 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.
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 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 restricted stock units vested in equal installments at each of the 2020, 2021 and 2022 annual meetings.