0001104659-22-091463.txt : 20220815 0001104659-22-091463.hdr.sgml : 20220815 20220815185125 ACCESSION NUMBER: 0001104659-22-091463 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220721 FILED AS OF DATE: 20220815 DATE AS OF CHANGE: 20220815 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CHADHA PAR CENTRAL INDEX KEY: 0000938202 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 221167923 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Chadha Sharon CENTRAL INDEX KEY: 0001885887 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 221167922 MAIL ADDRESS: STREET 1: 3003 PENNSYLVANIA AVENUE CITY: SANTA MONICA STATE: CA ZIP: 90404 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Exela Technologies, Inc. CENTRAL INDEX KEY: 0001620179 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 471347291 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2701 EAST GRAUWYLER RD. CITY: IRVING STATE: TX ZIP: 75061 BUSINESS PHONE: 844-935-2832 MAIL ADDRESS: STREET 1: 2701 EAST GRAUWYLER RD. CITY: IRVING STATE: TX ZIP: 75061 FORMER COMPANY: FORMER CONFORMED NAME: Quinpario Acquisition Corp. 2 DATE OF NAME CHANGE: 20140922 4/A 1 tm2223344d1_4aseq1.xml OWNERSHIP DOCUMENT X0306 4/A 2022-07-21 2022-07-21 0 0001620179 Exela Technologies, Inc. XELA 0000938202 CHADHA PAR 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 1 0 0 Executive Chairman 0001885887 Chadha Sharon 3003 PENNSYLVANIA AVE SANTA MONICA, CA 90404 1 0 0 0 Common Stock, par value $0.0001 per share (''Common Stock'') 2022-07-21 4 A 0 70921 1.41 A 70921 D Common Stock 0 I See Footnote Common Stock 1515 I See Footnote Common Stock 0 I See Footnote Common Stock 0 I See Footnote Common Stock 0 I See Footnote Restricted Stock Units Common Stock 1387 1387 I See Footnote Restricted Stock Units Common Stock 7954 7954 D Restricted Stock Units Common Stock 1515 1515 I See Footnote 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 immediately prior to the 2023 annual meeting of the Company. 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. 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. Mr. Par Chadha, 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 Exchange Act, the board of directors of the Issuer approved the transactions contemplated by this Form 4. Shares owned directly by Sharon Chadha, Par Chadha's spouse. The Reporting Person disclaims beneficial ownership of any shares of the Issuer owned by such other Persons, except to the extent of his or her pecuniary interest therein. Shares directly owned by HOF 2. Shares directly owned by HGM. Shares directly owned by HOVS. Shares directly owned by Adesi. 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. 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. On July 21, 2022, pursuant to the Subscription Agreement by and between Par Chadha and the Company, Mr. Chadha entered into a binding agreement to purchase $100,000 worth of Common Stock from the Company. As previously disclosed, pursuant to the Subscription Agreement, dated July 21, 2022, by and between Par Chadha and the Company, Mr. Chadha purchased $100,000 worth of Common Stock from the Company on August 11, 2022, the date which was two business days following the Company's earnings release for the quarter ended June 30, 2022. The closing share price for Common Stock on August 11, 2022 was $1.41, resulting in the purchase of 70,921 shares of Common Stock. The number of shares reported in this Form 4 account for the one-for-twenty Reverse Stock Split effected by the Issuer on July 26, 2022. No fractional shares were issued in connection with the Reverse Stock Split. Stockholders who otherwise were entitled to receive fractional shares of Common Stock received cash (without interest or deduction) from the Corporation's transfer agent in lieu of such fractional share interests. /s/ Par Chadha 2022-08-15 /s/ Sharon Chadha 2022-08-15