Vikas Bhalla - 01 Sep 2024 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
President & Head of Insurance
Signature
/s/ Ajay Ayyappan, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
01 Sep 2024
Net transactions value
-$578,721
Form type
4
Filing time
04 Sep 2024, 21:42:25 UTC
Previous filing
14 Aug 2024
Next filing
06 Nov 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 +40,610 +40% 141,476 01 Sep 2024 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $578,721 -15,838 -11% $36.54 125,638 03 Sep 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 -40,610 -100% $0.000000 0 01 Sep 2024 Common Stock, par value $0.001 per share 40,610 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 60,905 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.