Vishal Chhibbar - 27 Feb 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
Executive Vice President
Signature
/s/ Ajay Ayyappan, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
27 Feb 2025
Net transactions value
-$156,151
Form type
4
Filing time
03 Mar 2025, 18:10:07 UTC
Previous filing
29 Feb 2024
Next filing
17 Jun 2025
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 +5,587 +112% $0.000000 10,587 27 Feb 2025 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $156,151 -3,211 -30% $48.63 7,376 27 Feb 2025 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 +5,587 +50% $0.000000 16,761 27 Feb 2025 Common Stock, par value $0.001 per share 5,587 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 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 27, 2024, the reporting person was granted 22,348 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 27, 2025, an additional 25 percent of the restricted stock units will vest on February 27, 2026, an additional 25 percent of the restricted stock units will vest on February 27, 2027, and the remaining balance of 25 percent of the restricted stock units will vest on February 27, 2028.

Remarks:

Mr. Ayyappan is the Company's General Counsel.