Ajay Ayyappan - Dec 13, 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
SVP & Gen Counsel/Corp. Sec'y.
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Dec 13, 2022
Transactions value $
-$131,892
Form type
4
Date filed
12/15/2022, 04:01 PM
Previous filing
Apr 4, 2022
Next filing
Dec 16, 2022

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 +1.12K +19.52% $0.00 6.88K Dec 13, 2022 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$132K -734 -10.67% $179.69 6.14K Dec 13, 2022 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 -1.12K -100% $0.00* 0 Dec 13, 2022 Common Stock, par value $0.001 per share 1.12K 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 December 13, 2022. 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 December 13, 2018, the reporting person was granted 4,492 restricted stock units, 25 percent of the restricted stock units became vested on December 13, 2019, an additional 25 percent of the restricted stock units vested on December 13, 2020, an additional 25 percent of the restricted stock vested on December 13, 2021, and the remaining balance of 25 percent of the restricted stock units vested on December 13, 2022.

Remarks:

Mr. Oseni is the Company's Head of Administration and Accounts.