X0306 4 2019-06-25 0 0001620179 Exela Technologies, Inc. XELA 0001712421 Cogburn Ronald Clark 712 BANDIT TRAIL KELLER TX 76248 1 1 0 0 Chief Executive Officer Common Stock, par value $0.0001 per share (''Common Stock'') 2019-06-25 4 P 0 13757 1.65 A 13757 D Restricted Stock Unit Common Stock 74000 74000 D Stock Option (right to buy) 5.98 2028-08-31 Common Stock 111000 111000 D Exchangeable Preferred Interests 1.65 2019-06-25 4 P 0 26.38 1.65 A Common Stock 15988 15988 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 largest holder of Exela Technologies, Inc. (the "Issuer") stock. Because 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 such shares. 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. The Exchangeable Preferred Interests are equity interests in Ex-Sigma LLC, that, subject to certain terms and conditions, are exchangeable into the shares of Common Stock. The Exchangeable Preferred Interests are exchangeable into a number of shares of Common Stock equal to the purchase price of such interests, divided by the lesser of (a) $1.65 and (b) the 5-day volume weighted average price per share for the 5-days preceding the date of such exchange. By: /s/ Ron Cogburn 2019-06-27