CHADHA PAR bought XELA
October 9, 2023 · Form 4 insider transaction
CHADHA PAR bought 1,000,000 shares of Exela Technologies, Inc. at $0.00 per share, a transaction worth $100.00. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 198 days after the transaction.
Footnotes
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.; Shares held directly by GP-HGM LLC, of which Par Chadha is the manager.