Narasimha Kini - Jan 27, 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
EVP, Emerging Bus Unit Leader
Signature
/s/ Ajay Ayyappan, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Jan 27, 2025
Transactions value $
-$756,903
Form type
4
Date filed
1/29/2025, 05:06 PM
Previous filing
Sep 4, 2024
Next filing
Feb 20, 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 +15.8K +10.5% $0.00 167K Jan 27, 2025 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$249K -5.07K -3.04% $49.14 162K Jan 27, 2025 Direct F1, F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +23.8K +14.71% $0.00 185K Jan 27, 2025 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$508K -10.3K -5.58% $49.14 175K Jan 27, 2025 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 16, 2022. Such shares of Common Stock were deemed earned on January 27, 2025 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2024.
F2 Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs 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.

Remarks:

Mr. Ayyappan is the Company's General Counsel.