Vikas Bhalla - Feb 16, 2023 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
EVP & Head of Outsourcing
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Feb 16, 2023
Transactions value $
-$79,994
Form type
4
Date filed
2/21/2023, 04:02 PM
Previous filing
Feb 17, 2023
Next filing
Feb 22, 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 +1.09K +6.59% $0.00 17.6K Feb 16, 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$80K -465 -2.64% $172.03 17.1K Feb 16, 2023 Direct F2

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 -1.09K -25% $0.00 3.26K Feb 16, 2023 Common Stock, par value $0.001 per share 1.09K Direct F1, F3
* 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 The reporting person's restricted stock units reported in this report vested on February 16, 2023. Under the Company's 2018 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such restricted stock units 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.
F3 On February 16, 2022, the reporting person was granted 4,348 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 16, 2023, an additional twenty-five percent of the restricted stock units will vest on February 16, 2024, an additional twenty-five percent of the restricted stock units will vest on February 16, 2025; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 16, 2026.

Remarks:

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