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

Role: EVP, Emerging Bus Unit Leader
Signature: /s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol: EXLS
Transactions as of: Oct 22, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/26/2021, 05:17 PM
Previous filing: Oct 20, 2021
Next filing: Feb 2, 2022

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	+3.43K	+24.4%	$0.00	17.5K	Oct 22, 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	-3.43K	-50%	$0.00	3.43K	Oct 22, 2021	Common Stock, par value $0.001 per share	3.43K	$0.00	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.