| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | XELA | Common Stock, par value $0.0001 per share (''Common Stock'') | 70,921 | 16 Aug 2022 | Direct | ||||||
| holding | XELA | Common Stock | 1,515 | 16 Aug 2022 | See Footnote | F4, F5 |
| 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 | -1,387 | -100% | $0.000000* | 0 | 16 Aug 2022 | Common Stock | 1,387 | See Footnote | F2, F3, F4, F5 | |
| transaction | XELA | Restricted Stock Units | Options Exercise | $0 | -7,954 | -100% | $0.000000* | 0 | 16 Aug 2022 | Common Stock | 7,954 | Direct | F2, F3 | |
| holding | XELA | Restricted Stock Units | 1,515 | 16 Aug 2022 | Common Stock | 1,515 | See Footnote | F1, F2, F4, F5 |
| Id | Content |
|---|---|
| F1 | On October 11, 2021, Sharon Chadha was granted 4,545 restricted stock 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 2023 annual meeting of the Company. |
| 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, Sharon Chadha was granted 1,387 restricted stock units and Par Chadha was granted 7,954 restricted stock units in accordance with the Company's Amended and Restated Stock 2018 Incentive Plan ("Plan") that were settled in January 2022. The Plan was approved by the stockholders of the Company at the Company's 2021 annual meeting held December 31, 2021. Subsequent to such approval, a lawsuit was filed against the Company alleging that the Company did not properly count the broker non-votes on such matter, and that as a result the Plan was not properly approved at the 2021 annual meeting. The Company decided to re-submit the Plan to its stockholders for re-approvals at its 2022 annual meeting rather than incurring the expense of pursuing litigation. Following the re-approval of the amended and restated Plan at the 2022 annual meeting, the Compensation Committee determined, that the restricted stock units be settled in cash effective August 16, 2022. |
| F4 | Shares owned directly by Sharon Chadha, Par Chadha's spouse. |
| F5 | The Reporting Person disclaims beneficial ownership of any shares of the Issuer owned by such other Persons, except to the extent of his or her pecuniary interest therein. |