Vikas Bhalla - Feb 17, 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 17, 2023
Transactions value $
-$409,644
Form type
4
Date filed
2/22/2023, 04:09 PM
Previous filing
Feb 21, 2023
Next filing
Jun 23, 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 +1.84K +10.71% $0.00 19K Feb 17, 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$134K -785 -4.14% $170.57 18.2K Feb 17, 2023 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +2.08K +11.41% $0.00 20.3K Feb 19, 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$151K -887 -4.38% $170.53 19.4K Feb 19, 2023 Direct F3
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +1.71K +8.82% $0.00 21.1K Feb 20, 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$124K -730 -3.46% $170.53 20.3K Feb 20, 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 -1.84K -33.33% $0.00 3.67K Feb 17, 2023 Common Stock, par value $0.001 per share 1.84K Direct F1, F5
transaction EXLS Restricted Stock Units Options Exercise $0 -2.08K -50% $0.00 2.08K Feb 19, 2023 Common Stock, par value $0.001 per share 2.08K Direct F1, F6
transaction EXLS Restricted Stock Units Options Exercise $0 -1.71K -100% $0.00* 0 Feb 20, 2023 Common Stock, par value $0.001 per share 1.71K 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.