Anita Mahon - 02 Mar 2023 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
EVP & Chief Growth Officer
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
02 Mar 2023
Net transactions value
-$132,886
Form type
4
Filing time
06 Mar 2023, 16:06:39 UTC
Previous filing
22 Feb 2023
Next filing
23 Jun 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 Options Exercise $0 +498 +5.4% $0.000000 9,693 02 Mar 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $41,629 -255 -2.6% $163.25 9,438 02 Mar 2023 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +1,091 +12% $0.000000 10,529 02 Mar 2023 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $91,257 -559 -5.3% $163.25 9,970 02 Mar 2023 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 -498 -50% $0.000000 498 02 Mar 2023 Common Stock, par value $0.001 per share 498 Direct F1, F3
transaction EXLS Restricted Stock Units Options Exercise $0 -1,091 -50% $0.000000 1,092 02 Mar 2023 Common Stock, par value $0.001 per share 1,091 Direct F1, F4
* 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 March 2, 2023. Under the Company's 2018 Amendment and Restatement of the 2006 Omnibus Award 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 March 2, 2020, the reporting person was granted 1,992 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 March 2, 2021, an additional 25 percent of the restricted stock units became vested on March 2, 2022, an additional 25 percent of the restricted stock units became vested on March 2, 2023, and the remaining balance of 25 of the restricted stock units will vest on March 2, 2024.
F4 On March 2, 2020, the reporting person was granted 4,365 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 March 2, 2021, an additional 25 percent of the restricted stock units became vested on March 2, 2022, an additional 25 percent of the restricted stock units became vested on March 2, 2023, and the remaining balance of 25 of the restricted stock units will vest on March 2, 2024.

Remarks:

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