Sec Form 4 Filing - Cogburn Ronald Clark @ Exela Technologies, Inc. - 2019-06-25

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Cogburn Ronald Clark 2. Issuer Name and Ticker or Trading Symbol Exela Technologies, Inc. [ XELA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) 712 BANDIT TRAIL 3. Date of Earliest Transaction (MM/DD/YY) 06/25/2019 (Street) KELLER, TX76248 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $0.0001 per share (''Common Stock'') 06/25/2019 P 13,757 A $ 1.65 13,757 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Unit ( 1 ) ( 2 ) ( 2 ) Common Stock 74,000 74,000 D Stock Option (right to buy) $ 5.98 ( 3 ) 08/31/2028 Common Stock 111,000 111,000 D Exchangeable Preferred Interests $ 1.65 ( 4 ) 06/25/2019 P 26.38 ( 4 ) ( 4 ) Common Stock 15,988 ( 4 ) $ 1.65 ( 4 ) 15,988 ( 4 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Cogburn Ronald Clark 712 BANDIT TRAIL KELLER, TX76248 X Chief Executive Officer Signatures By: /s/ Ron Cogburn 06/27/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock. ( 2 )This award will vest in full on August 31, 2019. ( 3 )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. ( 4 )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.

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