Vivek Jetley - Feb 15, 2024 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
EVP and Head of Analytics
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Feb 15, 2024
Transactions value $
-$160,347
Form type
4
Date filed
2/20/2024, 06:10 PM
Previous filing
Jan 31, 2024
Next filing
Feb 21, 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 +4.4K +1.34% $0.00 332K Feb 15, 2024 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$73.8K -2.43K -0.73% $30.34 330K Feb 15, 2024 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +5.05K +1.53% $0.00 335K Feb 16, 2024 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$86.5K -2.79K -0.83% $30.97 332K Feb 16, 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 -4.4K -25% $0.00 13.2K Feb 15, 2024 Common Stock, par value $0.001 per share 4.4K Direct F1, F3
transaction EXLS Restricted Stock Units Options Exercise $0 -5.05K -33.33% $0.00 10.1K Feb 16, 2024 Common Stock, par value $0.001 per share 5.05K Direct F1, 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 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 15, 2023, the reporting person was granted 3,520 (pre-split) restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 15, 2024, an additional twenty-five percent of the restricted stock units will vest on February 15, 2025, an additional twenty-five percent of the restricted stock units will vest on February 15, 2026; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 15, 2027
F4 On February 16, 2022, the reporting person was granted 4,040 (pre-split) restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 16, 2023, an additional twenty-five percent of the restricted stock units became vested on February 16, 2024, an additional twenty-five percent of the restricted stock units will vest on February 16, 2025; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 16, 2026

Remarks:

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