Vikas Bhalla - Jan 29, 2024 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
Jan 29, 2024
Transactions value $
-$924,334
Form type
4
Date filed
1/31/2024, 05:47 PM
Previous filing
Sep 6, 2023
Next filing
Feb 20, 2024

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 +73.4K +83.31% $0.00 162K Jan 29, 2024 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$924K -28.6K -17.72% $32.29 133K Jan 29, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 17, 2021. Such shares of Common Stock were deemed earned on January 29, 2024 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2023
F2 Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs 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.

Remarks:

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