Par Chadha - Oct 9, 2023 Form 4/A Insider Report for Exela Technologies, Inc. (XELA)

Role: Executive Chairman, Director
Signature: /s/ Par Chadha Name: Par Chadha
Stock symbol: XELA
Transactions as of: Oct 9, 2023
Transactions value $: $100,592
Form type: 4/A
Date filed: 5/16/2024, 05:36 PM
Date Of Original Report: Apr 24, 2024
Previous filing: Mar 9, 2023
Next filing: Dec 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XELA	Common Stock	Purchase	$36.1K	+18K	+50.6%	$2.00	53.7K	Apr 23, 2024	See Footnote	F1, F3
transaction	XELA	Common Stock	Purchase	$63.9K	+32K	+866.62%	$2.00	35.6K	Apr 22, 2024	See Footnote	F2, F3
transaction	XELA	Special Voting Stock	Award	$100	+1M		$0.00^*	1M	Oct 9, 2023	See Footnote	F4, F5

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	Series A Convertible Preferred Stock	Award	$500	+625K		$0.00^*	625K	Dec 27, 2023	Common Stock			See Footnote	F3, F6

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

Explanation of Responses:

Id	Content
F1	Represents the average price of shares of common stock purchased in multiple transactions at prices ranging from $1.985 to $2 per share. Full information regarding the number of shares purchased and specific prices will be made available upon request to the Company's Office of the General Counsel.
F2	Represents the average price of shares of common stock purchased in multiple transactions at prices ranging from $1.97 to $2.005 per share. Full information regarding the number of shares purchased and specific prices will be made available upon request to the Company's Office of the General Counsel.
F3	Shares held directly by HandsOn Global Management LLC and its affiliates (collectively, "HGM"). Par Chadha is the manager of HGM.
F4	On October 9, 2023, the Company entered into the Subscription, Voting and Redemption Agreement with GP-HGM LLC, an entity affiliated with Par Chadha, pursuant to which GP-HGM LLC purchased 1,000,000 shares of a new class of preferred stock designated as "Special Voting Stock" for an aggregate purchase price of $100. Each share of Special Voting Stock is entitled to 20,000 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.
F5	Shares held directly by GP-HGM LLC, of which Par Chadha is the manager.
F6	Each share of Series A Preferred Stock is convertible at the holder's option, at any time into the number of shares of Common Stock determined as of the date of conversion using a certain conversion formula that takes into account the amount of liquidation preference per share as adjusted for accrued but unpaid dividends pursuant to the Issuer's Certificate of Designations, Preferences, Rights and Limitations of Series A Perpetual Convertible Preferred Stock and Certificate of Decrease of Series A Perpetual Convertible Preferred Stock. The shares of Series A Convertible Preferred Stock have no expiration date.

Remarks:

This Form 4 has been restated in full to correct certain scrivener's errors in the original Form 4 (the "Original Form 4"), which was filed on April 24, 2024 by the Reporting Person, who remains subject to Section 16 of the Securities Exchange Act of 1934, as amended, as of the date hereof. The number of shares and the price thereof reported in the Original Form 4 have been restated in full without change.