December 27, 2023 · Form 4 insider transaction
CHADHA PAR bought 625,000 shares of Exela Inc. at $0.00 per share, a transaction worth $500.00. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 119 days after the transaction.
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.; Shares held directly by HandsOn Global Management LLC and its affiliates (collectively, "HGM"). Par Chadha is the manager of HGM.