Par Chadha - Mar 7, 2023 Form 4 Insider Report for Exela Technologies, Inc. (XELA)

Role: Executive Chairman, Director
Signature: /s/ Par Chadha
Stock symbol: XELA
Transactions as of: Mar 7, 2023
Transactions value $: $100
Form type: 4
Date filed: 3/9/2023, 07:48 PM
Previous filing: Aug 18, 2022
Next filing: Apr 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XELA	Special Voting Stock	Award	$100	+1M		$0.00^*	1M	Mar 7, 2023	See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	On March 7, 2023, the Company created a new class of its preferred stock and designated such stock as "Special Voting Stock" and entered into a Subscription, Voting and Redemption Agreement (the "Voting Agreement") related to the issuance, voting and redemption of the Special Voting Stock. Each share of Special Voting Stock is entitled to 75,000 votes per share on certain items to be voted upon at an upcoming special meeting of the Company's stockholders and will be redeemed following the vote on such items.
F2	Shares held directly by GP-HGM LLC of which Mr. Chadha is the manager.

Content

On March 7, 2023, the Company created a new class of its preferred stock and designated such stock as "Special Voting Stock" and entered into a Subscription, Voting and Redemption Agreement (the "Voting Agreement") related to the issuance, voting and redemption of the Special Voting Stock. Each share of Special Voting Stock is entitled to 75,000 votes per share on certain items to be voted upon at an upcoming special meeting of the Company's stockholders and will be redeemed following the vote on such items.

Shares held directly by GP-HGM LLC of which Mr. Chadha is the manager.