Maurizio Nicolelli - 15 Feb 2024 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
15 Feb 2024
Net transactions value
-$108,274
Form type
4
Filing time
20 Feb 2024, 18:10:19 UTC
Previous filing
06 Feb 2024
Next filing
21 Feb 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 +4,110 +3% $0.000000 141,102 15 Feb 2024 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $49,090 -1,618 -1.1% $30.34 139,484 15 Feb 2024 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +4,855 +3.5% $0.000000 144,339 16 Feb 2024 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $59,184 -1,911 -1.3% $30.97 142,428 16 Feb 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 -4,110 -25% $0.000000 12,330 15 Feb 2024 Common Stock, par value $0.001 per share 4,110 Direct F1, F3
transaction EXLS Restricted Stock Units Options Exercise $0 -4,855 -33% $0.000000 9,710 16 Feb 2024 Common Stock, par value $0.001 per share 4,855 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 3,288 (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 15, 2024, an additional 25 percent of the restricted stock units will vest on February 15, 2025, an additional 25 percent of the restricted stock units will vest on February 15, 2026, and the remaining balance of 25 percent of the restricted stock units will vest on February 15, 2027.
F4 On February 16, 2022, the reporting person was granted 3,884 (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 16, 2023, an additional 25 percent of the restricted stock units became vested on February 16, 2024, an additional 25 percent of the restricted stock units will vest on February 16, 2025, and the remaining balance of 25 of the restricted stock units will vest on February 16, 2026.

Remarks:

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