Home/Filings/4/0001104659-22-001189

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CHADHA PAR 4

Accession 0001104659-22-001189

CIK 0001620179other

View on SEC.gov Company Profile

Filed

Jan 3, 7:00 PM ET

Accepted

Jan 4, 9:46 PM ET

Size

43.7 KB

Accession

0001104659-22-001189

Insider Transaction Report

Form 4

Period: 2021-12-31

Exela Technologies, Inc.XELA

HOV Services Ltd

Director10% Owner

Transactions

Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)
Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)

Holdings

Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
960,633
Common Stock
(indirect: See Footnote)
3,975,439
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
15,500

HandsOn Global Management, LLC

Director10% Owner

Transactions

Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)

Holdings

Common Stock
(indirect: See Footnote)
15,500
Common Stock
(indirect: See Footnote)
3,975,439
Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
960,633

HandsOn Fund 4 I, LLC

Director10% Owner

Transactions

Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)

Holdings

Common Stock
(indirect: See Footnote)
3,975,439
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
960,633
Common Stock
(indirect: See Footnote)
15,500

HOVS LLC

Director10% Owner

Transactions

Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)
Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)

Holdings

Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
960,633
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
15,500
Common Stock
(indirect: See Footnote)
3,975,439

Chadha Sharon

Director10% Owner

Transactions

Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)

Holdings

Common Stock
(indirect: See Footnote)
960,633
Common Stock
(indirect: See Footnote)
15,500
Common Stock
(indirect: See Footnote)
3,975,439
Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
5,712,123

CHADHA PAR

Director10% Owner

Transactions

Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)

Holdings

Common Stock
(indirect: See Footnote)
3,975,439
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
15,500
Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
960,633

HOV Capital III LLC

Director10% Owner

Transactions

Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)
Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)

Holdings

Common Stock
(indirect: See Footnote)
3,975,439
Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
960,633
Common Stock
(indirect: See Footnote)
15,500

Adesi 234 LLC

Director10% Owner

Transactions

Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)

Holdings

Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
15,500
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
3,975,439
Common Stock
(indirect: See Footnote)
960,633

hof 2 llc

Director10% Owner

Transactions

Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)

Holdings

Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
960,633
Common Stock
(indirect: See Footnote)
15,500
Common Stock
(indirect: See Footnote)
3,975,439

HandsOn 3, LLC

Director

Transactions

Exercise/Conversion
Restricted Stock Units
2021-12-31−30,303→ 60,606 total
→ Common Stock (30,303 underlying)
Award
Restricted Stock Units
2021-12-31+159,091→ 159,091 total(indirect: See Footnote)
→ Common Stock (159,091 underlying)
Exercise/Conversion
Common Stock
2022-01-03+27,740→ 120,543 total
Exercise/Conversion
Common Stock, par value $0.0001 per share (''Common Stock'')
2021-12-31+30,303→ 92,803 total
Exercise/Conversion
Common Stock
2022-01-03+93,895→ 302,672 total(indirect: See Footnote)
Award
Restricted Stock Units
2021-12-31+27,740→ 27,740 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−27,740→ 0 total
→ Common Stock (27,740 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-03−93,895→ 0 total(indirect: See Footnote)
→ Common Stock (93,895 underlying)
Tax Payment
Restricted Stock Units
2022-01-03−65,196→ 93,895 total(indirect: See Footnote)
→ Common Stock (65,196 underlying)

Holdings

Common Stock
(indirect: See Footnote)
3,975,439
Common Stock
(indirect: See Footnote)
5,712,123
Common Stock
(indirect: See Footnote)
15,500
Common Stock
(indirect: See Footnote)
104,083
Common Stock
(indirect: See Footnote)
960,633

Footnotes (14)

[F1]HOVS LLC, a Delaware limited liability company ("HOVS"), HandsOn Fund 4 I, LLC, a Nevada limited liability company ("HOF 4"), and HOV Capital III, LLC, a Nevada limited liability company ("HOV 3") each directly own shares of Exela Technologies, Inc. (the "Issuer"). HOVS is a wholly-owned subsidiary of HOV Services Ltd., an Indian limited company ("HOV Services" and together with HandsOn Global Management, LLC, a Delaware limited liability company ("HGM"), HOVS, HOF 2 LLC, a Nevada limited liability company ("HOF 2"), HOF 4, HOV 3, and Adesi 234 LLC, a Nevada limited liability company ("Adesi"), the "HGM Group")). Adesi and HOF 2 LLC together own a majority of HOF 4. Adesi and HOF 2, own a majority of the equity interests of HOV 3.
[F10]Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock, which may be settled in shares of Common Stock or cash as elected by the Compensation Committee of the Board of Directors of the Company.
[F11]On October 11, 2021, Sharon Chadha was granted 90,909 restricted stock as non-employee director equity compensation pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The remainder of this award will vest in equal installments immediately prior to each of the 2022 and 2023 annual meetings of the Company
[F12]On December 31, 2021, following the Company's 2021 annual meeting of stockholders, Sharon Chadha was granted 27,740 restricted stock units as non-employee director equity compensation for 2021 pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The restricted stock units vested on January 3, 2022, the first business day of 2022.
[F13]Shares of Common Stock issued upon vesting of restricted stock units will be settled following filing by Exela Technologies Inc. of a Registration Statement on Form S-8 with respect thereto.
[F14]On December 31, 2021, following the Company's 2021 annual meeting of stockholders, Par Chadha was granted 159,091 restricted stock units as equity compensation for 2021 pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The restricted stock units vested on January 3, 2022, the first business day of 2022.
[F2]Mr. Par Chadha, Sharon Chadha's spouse, may be deemed to control HandsOn 3, LLC, a Nevada limited liability company ("HOF 3") and the HGM Group. The parties identified above and HGM may be deemed to beneficially own any shares of the Issuer owned by the entities in which they are beneficial owners. Each member of the HGM Group disclaims beneficial ownership of any shares of the Issuer owned by any other member of the HGM Group, except to the extent of its pecuniary interest therein. Solely for purposes of Section 16 of the Exchange Act, the HGM Group may be deemed to be directors-by-deputization by virtue of the HGM Group's contractual right to designate directors to the board of directors of the Issuer. For purposes of the exemption under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended.
[F3]Shares owned directly by Par Chadha, Sharon Chadha's spouse.
[F4]Sharon Chadha may be deemed to beneficially own shares of the Issuer owned by Par Chadha, her spouse, and entities owned or controlled by Par and/or Sharon Chadha. The Reporting Person disclaims beneficial ownership of any shares of the Issuer owned by such other Persons, except to the extent of her pecuniary interest therein.
[F5]Shares directly owned by HOF 2 and indirectly by Par Chadha, Sharon Chadha's spouse.
[F6]Shares directly owned by HGM and indirectly by Par Chadha, Sharon Chadha's spouse.
[F7]Shares directly owned by HOVS and indirectly by Par Chadha, Sharon Chadha's spouse.
[F8]Shares directly owned by Adesi and indirectly by Par Chadha, Sharon Chadha's spouse.
[F9]Shares directly owned by HOF 3 and indirectly by Par Chadha, Sharon Chadha's spouse.

Documents

1 file

4
tm221435-7_4seq1.xmlPrimary
OWNERSHIP DOCUMENT

Issuer

Exela Technologies, Inc.

CIK 0001620179

→

Entity typeother

Related Parties

filerCIK 0000938202

Filing Metadata

Form type: 4
Filed: Jan 3, 7:00 PM ET
Accepted: Jan 4, 9:46 PM ET
Size: 43.7 KB

View on SEC.gov