Chadha Par's Form 4/A amendment
AmendedExela Technologies, Inc. (XELA) · filed May 16, 2024
- Accession no.
- 0001104659-24-062633
- Filed
- May 16, 2024
- Trade date
- Oct 9, 2023-Apr 23, 2024
- Filing delay
- 220 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Apr 24, 2024
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market purchases total $100.0K. It was filed 220 days after the trade.
This amendment replaces 0001104659-24-051302 (filed Apr 24, 2024).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Chadha ParCIK 0000938202 | Director, Officer (Executive Chairman) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 23, 2024 | Common Stock | PPurchaseAcquired | +18,039 | $2.00F1 | +$36,078 | 53,688 | Indirect | |
| Apr 22, 2024 | Common Stock | PPurchaseAcquired | +31,961 | $2.00F2 | +$63,922 | 35,649 | Indirect | |
| Oct 9, 2023 | Special Voting Stock | AGrant or awardAcquired | +1,000,000 | $0.00 | $0 | 1,000,000 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 27, 2023 | Series A Convertible Preferred Stock | AGrant or awardAcquired | +625,000 | $0.00 | $0 | 625,000 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.