Nalin Kumar Miglani - Sep 1, 2021 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role: EVP and Chief HR Officer
Signature: /s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol: EXLS
Transactions as of: Sep 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/3/2021, 04:56 PM
Next filing: Feb 2, 2022

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	Award	$0	+8.12K		$0.00	8.12K	Sep 1, 2021	Common Stock, par value $0.001 per share	8.12K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.
F2	The restricted stock units will vest in two installments, one-third on the second anniversary of the grant date, and two-thirds on the third anniversary of the grant date. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

Remarks:

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