Vikas Bhalla - 18 Feb 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Reporting relationship: President & Head of Insurance
Issuer ticker: EXLS
Reported as of: 18 Feb 2025
Net transaction value: -$377,646
SEC form: 4
Accepted by SEC: 20 Feb 2025, 17:47:26 UTC
Prior SEC filing: 29 Jan 2025
Next SEC filing: 03 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Ajay Ayyappan, Attorney-in-Fact

Key filing fact

Vikas Bhalla filed Form 4 for ExlService Holdings, Inc. (EXLS) on 20 Feb 2025.

Key facts

This page summarizes Vikas Bhalla's Form 4 filing for ExlService Holdings, Inc. (EXLS).
9 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 20 Feb 2025, 17:47.

Change

Previous filing in this sequence was filed on 29 Jan 2025.
Current net transaction value: -$377,646.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EXLS transaction

Common Stock, par value $0.001 per share

Options Exercise

Transaction value: $0
Shares: +9,175
Change %: +6.4%
Price: $0.000000
Shares after: 151,783
Date: 18 Feb 2025
Ownership: Direct
Footnotes: F1

EXLS transaction

Common Stock, par value $0.001 per share

Tax liability

Transaction value: $182,278
Shares: -3,579
Change %: -2.4%
Price: $50.93
Shares after: 148,204
Date: 18 Feb 2025
Ownership: Direct
Footnotes: F2

EXLS transaction

Common Stock, par value $0.001 per share

Options Exercise

Transaction value: $0
Shares: +5,435
Change %: +3.7%
Price: $0.000000
Shares after: 153,639
Date: 18 Feb 2025
Ownership: Direct
Footnotes: F1

EXLS transaction

Common Stock, par value $0.001 per share

Tax liability

Transaction value: $107,972
Shares: -2,120
Change %: -1.4%
Price: $50.93
Shares after: 151,519
Date: 18 Feb 2025
Ownership: Direct
Footnotes: F2

EXLS transaction

Common Stock, par value $0.001 per share

Options Exercise

Transaction value: $0
Shares: +4,400
Change %: +2.9%
Price: $0.000000
Shares after: 155,919
Date: 18 Feb 2025
Ownership: Direct
Footnotes: F1

EXLS transaction

Common Stock, par value $0.001 per share

Tax liability

Transaction value: $87,396
Shares: -1,716
Change %: -1.1%
Price: $50.93
Shares after: 154,203
Date: 18 Feb 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EXLS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -9,175
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 18 Feb 2025
Ownership: Direct
Underlying class: Common Stock, par value $0.001 per share
Underlying amount: 9,175
Exercise price
Footnotes: F1, F3

EXLS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -5,435
Change %: -50%
Price: $0.000000
Shares after: 5,435
Date: 18 Feb 2025
Ownership: Direct
Underlying class: Common Stock, par value $0.001 per share
Underlying amount: 5,435
Exercise price
Footnotes: F1, F4

EXLS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,400
Change %: -33%
Price: $0.000000
Shares after: 8,800
Date: 18 Feb 2025
Ownership: Direct
Underlying class: Common Stock, par value $0.001 per share
Underlying amount: 4,400
Exercise price
Footnotes: F1, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote F3

On February 17, 2021, the reporting person was granted 7,340 (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 17, 2022, an additional 25 percent of the restricted stock units became vested on February 17, 2023, an additional 25 percent of the restricted stock units became vested on February 17, 2024, and the remaining balance of 25 percent of the restricted stock units became vested on February 17, 2025.

Footnote F4

On February 16, 2022, the reporting person was granted 4,348 (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 became vested on February 16, 2025, and the remaining balance of 25 of the restricted stock units will vest on February 16, 2026.

Footnote F5

On February 15, 2023, the reporting person was granted 3,520 (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 became vested 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 of the restricted stock units will vest on February 15, 2027.

SEC remarks

Mr. Ayyappan is the Company's General Counsel.