Vivek Jetley - Oct 22, 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role: EVP and Head of Analytics
Signature: /s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol: EXLS
Transactions as of: Oct 22, 2022
Transactions value $: -$414,668
Form type: 4
Date filed: 10/25/2022, 05:13 PM
Previous filing: Apr 4, 2022
Next filing: Jan 19, 2023

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	+4.57K	+9.2%	$0.00	54.2K	Oct 22, 2022	Direct	F1
transaction	EXLS	Common Stock, par value $0.001 per share	Tax liability	-$415K	-2.53K	-4.66%	$164.16	51.7K	Oct 22, 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	Common Stock, par value $0.001 per share	Options Exercise	$0	-4.57K	-100%	$0.00^*	0	Oct 22, 2022	Common Stock, par value $0.001 per share	4.57K		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 October 22, 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 October 22, 2019, the reporting person was granted 9,133 restricted stock units, fifty percent of the restricted stock units became vested on October 22, 2021, and the remaining balance of fifty percent of the restricted stock units became vested on October 22, 2022.