Narasimha Kini - 22 Oct 2022 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 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Oct 2022, 17:12:36 UTC
Previous filing: 04 Apr 2022
Next filing: 19 Jan 2023
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	+14%	$0.000000	27,332	22 Oct 2022	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	-100%	$0.000000^*	0	22 Oct 2022	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, 50 percent of the restricted stock units became vested on October 22, 2021, and the remaining balance 50 percent of the restricted stock units became vested on October 22, 2022.