X0306 4 2018-08-31 0 0001620179 Exela Technologies, Inc. XELA 0001712536 Reynolds James 29 WARNER RD. GROSSE POINTE FARMS MI 48236 1 1 0 0 Chief Financial Officer Restricted Stock Unit 2018-08-31 4 A 0 74000 0 A Common Stock 74000 74000 D Stock Option (right to buy) 5.98 2018-08-31 4 A 0 111000 0 A 2028-08-31 Common Stock 111000 111000 D Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock. This award will vest in full on August 31, 2019. Forty percent of the options will vest and become exercisable on August 31, 2020 and the remainder will vest and become exercisable on August 31, 2022. Mr. Reynolds through his ownership of SoNino LLC owns 1,019 shares in Ex-Sigma LLC which is the majority owner of Exela Technologies, Inc. (the "Issuer"). Mr. Reynolds does not have voting or dispositive power over any of the shares of the Issuer held by Ex-Sigma LLC, Mr. Reynolds does not have beneficial ownership under Rule 13d-3 of any shares of the Issuer. This report shall not be deemed an admission that Mr. Reynolds is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. /s/ Jim Reynolds 2018-09-05