Rohit Kapoor - Feb 22, 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role: CEO & Vice Chairman, Director
Signature: /s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol: EXLS
Transactions as of: Feb 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/24/2022, 03:59 PM
Previous filing: Feb 23, 2022
Next filing: Feb 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXLS	Common Stock, par value $0.001 per share	Options Exercise	$0	+7.5K	+4.52%	$0.00	173K	Feb 22, 2022	Direct	F1
holding	EXLS	Common Stock, par value $0.001 per share						97.2K	Feb 22, 2022	See Footnote	F2
holding	EXLS	Common Stock, par value $0.001 per share						40.2K	Feb 22, 2022	See Footnote	F3
holding	EXLS	Common Stock, par value $0.001 per share						177K	Feb 22, 2022	See Footnote	F4
holding	EXLS	Common Stock, par value $0.001 per share						84K	Feb 22, 2022	See Footnote	F5
holding	EXLS	Common Stock, par value $0.001 per share						84K	Feb 22, 2022	See Footnote	F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EXLS	Restricted Stock Units	Options Exercise	$0	-7.5K	-100%	$0.00^*	0	Feb 22, 2022	Common Stock, par value $0.001 per share	7.5K		Direct	F1, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.
F2	Owned by the Rohit Kapoor 2016 Family Trust.
F3	Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2013 GRAT.
F4	Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2005 GRAT.
F5	Owned by the Shikha Kapoor 2005 Family Trust.
F6	Owned by the Rohit Kapoor Spousal Lifetime Access Trust.
F7	On February 22, 2018, the reporting person was granted 30,005 restricted stock units, 25 percent of the restricted stock units became vested on February 22, 2019, an additional 25 percent of the restricted stock units became vested February 22, 2020, an additional 25 percent of the restricted stock units became vested on February 22, 2021, and the remaining balance 25 percent of the restricted stock units became vested on February 22, 2022.