Maurizio Nicolelli - 17 Feb 2023 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
Executive Vice President & CFO
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
17 Feb 2023
Net transactions value
-$189,486
Form type
4
Filing time
22 Feb 2023, 16:19:40 UTC
Previous filing
21 Feb 2023
Next filing
21 Mar 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 +1,730 +12% $0.000000 15,652 17 Feb 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $116,158 -681 -4.4% $170.57 14,971 17 Feb 2023 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +1,091 +7.3% $0.000000 16,062 19 Feb 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $73,328 -430 -2.7% $170.53 15,632 19 Feb 2023 Direct F3

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 -1,730 -33% $0.000000 3,460 17 Feb 2023 Common Stock, par value $0.001 per share 1,730 Direct F1, F4
transaction EXLS Restricted Stock Units Options Exercise $0 -1,091 -50% $0.000000 1,092 19 Feb 2023 Common Stock, par value $0.001 per share 1,091 Direct F1, F5
* 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 On February 17, 2021, the reporting person was granted 6,920 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 17, 2022, an additional 25 percent of the restricted stock units became vested on February 17, 2023, an additional 25 percent of the restricted stock units will vest on February 17, 2024, and the remaining balance of 25 of the restricted stock units will vest on February 17, 2025.
F5 On February 19, 2020, the reporting person was granted 4,365 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.

Remarks:

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