Steven John Bandrowczak - Jul 1, 2021 Form 4 Insider Report for Xerox Holdings Corp (XRX)

Role: President and COO
Signature: /s/ Douglas H. Marshall, Attorney-in-Fact
Stock symbol: XRX
Transactions as of: Jul 1, 2021
Transactions value $: -$315,948
Form type: 4
Date filed: 7/2/2021, 05:42 PM
Next filing: Dec 13, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XRX	Restricted Stock Units	Options Exercise	$0	-6.84K	-3.21%	$0.00	206K	Jul 1, 2021	Direct	F1
transaction	XRX	Common Stock	Options Exercise	$0	+6.84K	+9.09%	$0.00	82.1K	Jul 1, 2021	Direct	F1, F2
transaction	XRX	Common Stock	Tax liability	-$75.5K	-3.17K	-3.86%	$23.82	78.9K	Jul 1, 2021	Direct	F3
transaction	XRX	Common Stock	Options Exercise	$0	+28.6K	+36.28%	$0.00	108K	Jul 1, 2021	Direct	F4, F5
transaction	XRX	Common Stock	Tax liability	-$240K	-10.1K	-9.39%	$23.82	97.4K	Jul 1, 2021	Direct	F6

Showing 1 to 5 of 5 entries

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	XRX	Performance Shares	Options Exercise	$0	-28.6K	-31.75%	$0.00	61.5K	Jul 1, 2021	Common Stock	28.6K		Direct	F7

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

Explanation of Responses:

Id	Content
F1	Reflects adjustment of balance due to Restricted Stock Units converting to Common Stock.
F2	Restricted Stock Units vested and converted to shares of Common Stock.
F3	Shares withheld to pay for taxes on the Restricted Stock Units that have vested.
F4	Performance Shares vesting and converted to shares of Common Stock. 26,064 Performance Shares were awarded at target on July 1, 2018, but due to performance paid out at 109.8% of target. The total number of Performance Shares paid out is shown.
F5	Reflects adjustment of balance due to Performance Shares vesting and converting to Common Stock.
F6	Shares withheld to pay for taxes on Performance Shares that have vested.
F7	Not Applicable.