Maurizio Nicolelli - Feb 5, 2024 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 5, 2024
Transactions value $
-$89,499
Form type
4
Date filed
2/6/2024, 05:30 PM
Previous filing
Jan 31, 2024
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 +7.38K +5.57% $0.00 140K Feb 5, 2024 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$89.5K -2.9K -2.08% $30.83 137K Feb 5, 2024 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 -7.38K -100% $0.00* 0 Feb 5, 2024 Common Stock, par value $0.001 per share 7.38K 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 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.
F3 On February 3, 2020, the reporting person was granted 5,898 (pre-split) 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 became vested on February 3, 2023, and the remaining balance of 25 percent of the restricted stock units became vested on February 3, 2024.

Remarks:

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