Vikas Bhalla - 30 Jan 2023 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
EVP & Head of Outsourcing
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
30 Jan 2023
Net transactions value
-$904,793
Form type
4
Filing time
01 Feb 2023, 15:58:27 UTC
Previous filing
17 Nov 2022
Next filing
17 Feb 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 +12,450 +133% $0.000000 21,829 30 Jan 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $904,793 -5,322 -24% $170.01 16,507 30 Jan 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 20, 2020. Such shares of Common Stock were deemed earned on January 30, 2023 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2022.
F2 Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

Remarks:

Mr. Oseni is the Company's Head of Administration and Accounts.