Narasimha Kini - Sep 1, 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
Sep 1, 2024
Transactions value $
-$458,467
Form type
4
Date filed
9/4/2024, 09:25 PM
Previous filing
Aug 1, 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 +27.1K +19.87% 163K Sep 1, 2024 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$458K -12.5K -7.68% $36.54 151K Sep 3, 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 -27.1K -100% $0.00 0 Sep 1, 2024 Common Stock, par value $0.001 per share 27.1K 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 The reporting person's restricted stock units reported in this report vested on September 1, 2024. 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 September 1, 2021, the reporting person was granted 40,605 restricted stock units, after adjustment for the 5-for-1 forward stock split, effective August 1, 2023, vesting in two installment installments beginning on the second anniversary of the grant date. 33% of the restricted stock units became vested on September 1, 2023 and the remaining balance of 67% of the restricted stock units became vested on September 1, 2024.

Remarks:

Mr. Ayyappan is the Company's General Counsel.