Par Chadha - 09 Oct 2023 Form 4/A Insider Report for Exela Technologies, Inc. (XELA)

Reporting relationship: Executive Chairman, Director
Issuer ticker: XELA
Reported as of: 09 Oct 2023
Net transaction value: +$100,592
SEC form: 4/A
Accepted by SEC: 16 May 2024, 17:36:24 UTC
Original report date: 24 Apr 2024
Prior SEC filing: 09 Mar 2023
Next SEC filing: 11 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Par Chadha Name: Par Chadha

Key filing fact

Par Chadha filed Form 4/A for Exela Technologies, Inc. (XELA) on 16 May 2024.

Key facts

This page summarizes Par Chadha's Form 4/A filing for Exela Technologies, Inc. (XELA).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 May 2024, 17:36.

Change

Previous filing in this sequence was filed on 09 Mar 2023.
Current net transaction value: +$100,592.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

XELA transaction

Common Stock

Purchase

Transaction value: $36,076
Shares: +18,039
Change %: +51%
Price: $2.00
Shares after: 53,688
Date: 23 Apr 2024
Ownership: See Footnote
Footnotes: F1, F3

XELA transaction

Common Stock

Purchase

Transaction value: $63,916
Shares: +31,961
Change %: +867%
Price: $2.00
Shares after: 35,649
Date: 22 Apr 2024
Ownership: See Footnote
Footnotes: F2, F3

XELA transaction

Special Voting Stock

Award

Transaction value: $100
Shares: +1,000,000
Change %
Price: $0.000100^*
Shares after: 1,000,000
Date: 09 Oct 2023
Ownership: See Footnote
Footnotes: F4, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

XELA transaction Derivative

Series A Convertible Preferred Stock

Award

Transaction value: $500
Shares: +625,000
Change %
Price: $0.000800^*
Shares after: 625,000
Date: 27 Dec 2023
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount
Exercise price
Footnotes: F3, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote 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.

Footnote F3

Shares held directly by HandsOn Global Management LLC and its affiliates (collectively, "HGM"). Par Chadha is the manager of HGM.

Footnote 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.

Footnote F5

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

Footnote 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.

SEC 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.