SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CHADHA PAR

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS, NV 89117

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Exela Technologies, Inc. [ XELA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 per share (''Common Stock'')(5) 10/15/2021 S 100,000 D $1.69(3) 4,012,939(4) I See Footnote(1)(2)
Common Stock 50,047(4) D
Common Stock(6) 104,083(4) I See Footnote(1)(2)
Common Stock(7) 5,712,123(4) I See Footnote(1)(2)
Common Stock(8) 960,633(4) I See Footnote(1)(2)
Common Stock(9) 15,500(4) I See Footnote(1)(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
CHADHA PAR

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS, NV 89117

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HOV Capital III LLC

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS NV 89117

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Adesi 234 LLC

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS NV 89117

(City) (State) (Zip)
1. Name and Address of Reporting Person*
hof 2 llc

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS NV 89117

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HOVS LLC

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS NV 89117

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HOV Services Ltd

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS NV 89117

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HandsOn Fund 4 I, LLC

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS NV 89117

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HandsOn Global Management, LLC

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS NV 89117

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HandsOn 3, LLC

(Last) (First) (Middle)
8550 WEST DESERT INN ROAD,
SUITE 102-452

(Street)
LAS VEGAS NV 89117

(City) (State) (Zip)
Explanation of Responses:
1. 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.
2. 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 Securities Exchange Act of 1934, as amended.
3. On October 15, 2021, pursuant to a plan of disposition adopted by HOF 2 on March 26, 2021, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"), HOF 2 sold 100,000 shares. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.
4. The number of shares reported in this Form 4 account for the one-for-three Reverse Stock Split effected by the Issuer on January 25, 2021.
5. Shares directly owned by HOF 2.
6. Shares directly owned by HGM.
7. Shares directly owned by HOVS.
8. Shares directly owned by Adesi.
9. Shares directly owned by HOF 3.
/s/ Par Chadha 09/15/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

 

Exhibit 99.1

 

Joint Filers’ Names and Addresses

 

1. HOV Capital III LLC

 

2. Adesi 234 LLC

 

3. HOF 2 LLC

 

4. HOVS LLC

 

5. HOV Services Ltd

 

6. HandsOn Fund 4 I LLC

 

7. HandsOn Global Management, LLC

 

8. HandsOn 3, LLC

 

The business address for each of the above reporting persons is:

 

8550 West Desert Inn Road, Suite 102-452

Las Vegas, NV 89117

 

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Exhibit 99.2

 

JOINT FILERS’ SIGNATURES

 

HOV CAPITAL III LLC  
     
By: /s/ Par Chadha  
Name: Par Chadha  
Title: Manager  
   
ADESI 234 LLC  
     
By: /s/ Par Chadha  
Name: Par Chadha  
Title: Manager  
   
HOF 2 LLC  
     
By: /s/ Par Chadha  
Name: Par Chadha  
Title: Manager  
   
HOVS LLC  
     
By: /s/ James Reynolds  
Name: James Reynolds  
Title: Manager  

 

HOV SERVICES LTD  
     
By: /s/ Vik Negi  
Name: Vik Negi  
Title: Director  
   
HANDSON FUND 4 I LLC  
     
By: /s/ Par Chadha  
Name: Par Chadha  
Title: Manager  
   
HANDSON GLOBAL MANAGEMENT, LLC  
     
By: /s/ Par Chadha  
Name: Par Chadha  
Title: Manager  
   
HANDSON 3, LLC  
     
By: /s/ Par Chadha  
Name: Par Chadha  
Title: Manager  

 

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