Vikas Bhalla - 17 Feb 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
17 Feb 2023
Net transactions value
-$409,644
Form type
4
Filing time
22 Feb 2023, 16:09:25 UTC
Previous filing
21 Feb 2023
Next filing
23 Jun 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 +1,835 +11% $0.000000 18,964 17 Feb 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $133,897 -785 -4.1% $170.57 18,179 17 Feb 2023 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +2,075 +11% $0.000000 20,254 19 Feb 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $151,260 -887 -4.4% $170.53 19,367 19 Feb 2023 Direct F3
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +1,708 +8.8% $0.000000 21,075 20 Feb 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $124,487 -730 -3.5% $170.53 20,345 20 Feb 2023 Direct F4

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 -1,835 -33% $0.000000 3,670 17 Feb 2023 Common Stock, par value $0.001 per share 1,835 Direct F1, F5
transaction EXLS Restricted Stock Units Options Exercise $0 -2,075 -50% $0.000000 2,075 19 Feb 2023 Common Stock, par value $0.001 per share 2,075 Direct F1, F6
transaction EXLS Restricted Stock Units Options Exercise $0 -1,708 -100% $0.000000* 0 20 Feb 2023 Common Stock, par value $0.001 per share 1,708 Direct F1, F7
* 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 17, 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 The reporting person's restricted stock units reported in this report vested on February 19, 2023. Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive 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.
F4 The reporting person's restricted stock units reported in this report vested on February 20, 2023. Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive 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.
F5 On February 17, 2021, the reporting person was granted 7,340 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 17, 2022, an additional twenty-five percent of the restricted stock units became vested on February 17, 2023, an additional twenty-five percent of the restricted stock units will vest on February 17, 2024, and the remaining balance of twenty-five percent of the restricted stock units will vest on February 17 2025.
F6 On February 19, 2020, the reporting person was granted 8,300 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional 25 percent of the restricted stock units became vested on February 19, 2022, an additional 25 percent of the restricted stock units became vested on February 19, 2023, and the remaining balance of 25 of the restricted stock units will vest on February 19, 2024.
F7 On February 20, 2019, the reporting person was granted 6,830 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional 25 percent of the restricted stock units became vested on February 20, 2021, an additional 25 percent of the restricted stock units will vest on February 20, 2022, and the remaining balance of 25 percent of the restricted stock units became vested on on February 20, 2023.

Remarks:

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