Narasimha Kini - 22 Oct 2021 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role: EVP, Emerging Bus Unit Leader
Signature: /s/ Lazbart Oseni, Attorney-in-Fact
Issuer symbol: EXLS
Transactions as of: 22 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 26 Oct 2021, 17:17:43 UTC
Previous filing: 20 Oct 2021
Next filing: 02 Feb 2022
SEC: View on sec.gov

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	+3,425	+24%	$0.000000	17,463	22 Oct 2021	Direct	F1

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	-3,425	-50%	$0.000000	3,425	22 Oct 2021	Common Stock, par value $0.001 per share	3,425	$0.000000	Direct	F1, F2

* 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	On October 22, 2019, the reporting person was granted 6,850 restricted stock units, fifty percent of the restricted stock units became vested on October 22, 2021, and the remaining balance of fifty percent of the restricted stock units will vest on October 22, 2022.