Maurizio Nicolelli - Feb 3, 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
Executive Vice President & CFO
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Feb 3, 2022
Transactions value $
-$59,877
Form type
4
Date filed
2/7/2022, 04:01 PM
Previous filing
Sep 3, 2021
Next filing
Feb 18, 2022

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 +1.48K +45.95% $0.00 4.69K Feb 3, 2022 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$59.9K -491 -10.48% $121.95 4.19K Feb 3, 2022 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 -1.48K -33.34% $0.00 2.95K Feb 3, 2022 Common Stock, par value $0.001 per share 1.48K 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 3, 2022. 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 3, 2020, the reporting person was granted 5,898 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 3, 2021, an additional 25 percent of the restricted stock units became vested on February 3, 2022, an additional 25 percent of the restricted stock units will vest on February 3, 2023, and the remaining balance of 25 percent of the restricted stock units will vested on February 3, 2024

Remarks:

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