Maurizio Nicolelli - 01 Sep 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
01 Sep 2023
Net transactions value
-$155,650
Form type
4
Filing time
06 Sep 2023, 17:03:57 UTC
Previous filing
20 Jul 2023
Next filing
31 Jan 2024
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 +13,530 +16% $0.000000 96,160 01 Sep 2023 Direct F1, F2
transaction EXLS Common Stock, par value $0.001 per share Tax liability $155,650 -5,325 -5.5% $29.23 90,835 01 Sep 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 -13,530 -33% $0.000000 27,075 01 Sep 2023 Common Stock, par value $0.001 per share 13,530 Direct F1, F2, F4
* 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 reported number of securities has been adjusted to reflect the impact of the 5-for-1 forward stock split effective August 1, 2023.
F3 The reporting person's restricted stock units reported in this report vested on September 1, 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 September 1, 2021, the reporting person was granted 8,121 restricted stock units, vesting in two installment installments beginning on the second anniversary of the grant date. 33% of the restricted stock units became vested on September 1, 2023 and the remaining balance of 67% of the restricted stock units will vest on September 1, 2024.

Remarks:

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