Narasimha Kini - Jul 12, 2024 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role: EVP, Emerging Bus Unit Leader
Signature: /s/ Ajay Ayyappan, Attorney-in-Fact
Stock symbol: EXLS
Transactions as of: Jul 12, 2024
Transactions value $: -$278,355
Form type: 4
Date filed: 7/16/2024, 07:49 PM
Previous filing: Feb 29, 2024
Next filing: Jul 19, 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	Sale	-$278K	-8.44K	-4.5%	$33.00	179K	Jul 12, 2024	Direct	F1

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Includes 810 shares of common stock acquired under the ExlService Holdings, Inc. 2022 Employee Stock Purchase Plan on July 1, 2024.

Remarks:

Mr. Ayyappan is the Company's Executive Vice President and General Counsel.