Ajay Ayyappan - 17 Feb 2023 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
SVP & Gen Counsel/Corp. Sec'y.
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
17 Feb 2023
Net transactions value
-$335,743
Form type
4
Filing time
22 Feb 2023, 16:02:38 UTC
Previous filing
21 Feb 2023
Next filing
24 Feb 2023
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 Sale $56,052 -328 -5.8% $170.89 5,369 17 Feb 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +1,053 +20% $0.000000 6,422 17 Feb 2023 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Tax liability $78,462 -460 -7.2% $170.57 5,962 17 Feb 2023 Direct F3
transaction EXLS Common Stock, par value $0.001 per share Sale $100,104 -593 -9.9% $168.81 5,369 19 Feb 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +840 +16% $0.000000 6,209 19 Feb 2023 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Tax liability $62,585 -367 -5.9% $170.53 5,842 19 Feb 2023 Direct F4
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +517 +8.8% $0.000000 6,359 20 Feb 2023 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Tax liability $38,540 -226 -3.6% $170.53 6,133 20 Feb 2023 Direct F5

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 -1,053 -33% $0.000000 2,105 17 Feb 2023 Common Stock, par value $0.001 per share 1,053 Direct F2, F6
transaction EXLS Restricted Stock Units Options Exercise $0 -840 -50% $0.000000 840 19 Feb 2023 Common Stock, par value $0.001 per share 840 Direct F2, F7
transaction EXLS Restricted Stock Units Options Exercise $0 -517 -100% $0.000000* 0 20 Feb 2023 Common Stock, par value $0.001 per share 517 Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.
F2 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.
F3 The reporting person's restricted stock units reported in this report vested on February 17, 2023. 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.
F4 The reporting person's restricted stock units reported in this report vested on February 19, 2023. 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.
F5 The reporting person's restricted stock units reported in this report vested on February 20, 2023. 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.
F6 On February 17, 2021, the reporting person was granted 4,210 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 will vest on February 17, 2024, and the remaining balance of 25 of the restricted stock units will vest on February 17, 2025.
F7 On February 19, 2020, the reporting person was granted 3,360 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units became vested on February 19, 2022, an additional twenty-five percent of the restricted stock units became vested on February 19, 2023, and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024.
F8 On February 20, 2019, the reporting person was granted 2,065 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 19, 2020 an additional 25 percent of the restricted stock units became vested on February 20, 2021, an additional 25 percent of the restricted stock units became vested on February 20, 2022, and the remaining balance of 25 of the restricted stock units became vested on February 20, 2023.

Remarks:

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