Vikas Bhalla - Feb 18, 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
President & Head of Insurance
Signature
/s/ Ajay Ayyappan, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Feb 18, 2025
Transactions value $
-$377,646
Form type
4
Date filed
2/20/2025, 05:47 PM
Previous filing
Jan 29, 2025
Next filing
Mar 3, 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 +9.18K +6.43% $0.00 152K Feb 18, 2025 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$182K -3.58K -2.36% $50.93 148K Feb 18, 2025 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +5.44K +3.67% $0.00 154K Feb 18, 2025 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$108K -2.12K -1.38% $50.93 152K Feb 18, 2025 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +4.4K +2.9% $0.00 156K Feb 18, 2025 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$87.4K -1.72K -1.1% $50.93 154K Feb 18, 2025 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 -9.18K -100% $0.00 0 Feb 18, 2025 Common Stock, par value $0.001 per share 9.18K Direct F1, F3
transaction EXLS Restricted Stock Units Options Exercise $0 -5.44K -50% $0.00 5.44K Feb 18, 2025 Common Stock, par value $0.001 per share 5.44K Direct F1, F4
transaction EXLS Restricted Stock Units Options Exercise $0 -4.4K -33.33% $0.00 8.8K Feb 18, 2025 Common Stock, par value $0.001 per share 4.4K Direct F1, F5
* 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 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 February 17, 2021, the reporting person was granted 7,340 (pre-split) 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 became vested on February 17, 2024, and the remaining balance of 25 percent of the restricted stock units became vested on February 17, 2025.
F4 On February 16, 2022, the reporting person was granted 4,348 (pre-split) 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 16, 2023, an additional 25 percent of the restricted stock units became vested on February 16, 2024, an additional 25 percent of the restricted stock units became vested on February 16, 2025, and the remaining balance of 25 of the restricted stock units will vest on February 16, 2026.
F5 On February 15, 2023, the reporting person was granted 3,520 (pre-split) 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 15, 2024, an additional 25 percent of the restricted stock units became vested on February 15, 2025, an additional 25 percent of the restricted stock units will vest on February 15, 2026, and the remaining balance of 25 of the restricted stock units will vest on February 15, 2027.

Remarks:

Mr. Ayyappan is the Company's General Counsel.