Par Chadha - 07 Mar 2023 Form 4 Insider Report for Exela Technologies, Inc. (XELA)

Role: Executive Chairman, Director
Signature: /s/ Par Chadha
Issuer symbol: XELA
Transactions as of: 07 Mar 2023
Net transactions value: +$100
Form type: 4
Filing time: 09 Mar 2023, 19:48:52 UTC
Previous filing: 18 Aug 2022
Next filing: 16 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XELA	Special Voting Stock	Award	$100	+1,000,000		$0.000100^*	1,000,000	07 Mar 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.