X0306 4 2018-08-31 0 0001620179 Exela Technologies, Inc. XELA 0001712421 Cogburn Ronald Clark 712 BANDIT TRAIL KELLER TX 76248 1 1 0 0 Chief Executive 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. Cogburn owns 110 units of Ex-Sigma LLC which is the majority owner of Exela Technologies, Inc. (the "Issuer"). Mr. Cogburn does not have voting or dispositive power over any of the shares of the Issuer held by Ex-Sigma LLC, Mr. Cogburn 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. Cogburn 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/ Ronald Cogburn 2018-09-05