Ajay Ayyappan - Feb 27, 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
EVP & Gen Counsel/Corp. Sec'y.
Signature
/s/ Ajay Ayyappan
Stock symbol
EXLS
Transactions as of
Feb 27, 2025
Transactions value $
-$193,504
Form type
4
Date filed
3/3/2025, 06:09 PM
Previous filing
Feb 21, 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 +3.99K +9.74% $0.00 45K Feb 27, 2025 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$103K -2.13K -4.73% $48.63 42.9K Feb 27, 2025 Direct F2
transaction EXLS Common Stock, par value $0.001 per share Sale -$90.1K -1.87K -4.35% $48.32 41K Feb 28, 2025 Direct F3

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 -3.99K -25% $0.00 12K Feb 27, 2025 Common Stock, par value $0.001 per share 3.99K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on November 12, 2024.
F4 On February 27, 2024, the reporting person was granted 15,964 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 27, 2025, an additional 25 percent of the restricted stock units will vest on February 27, 2026, an additional 25 percent of the restricted stock units will vest on February 27, 2027, and the remaining balance of 25 percent of the restricted stock units will vest on February 27, 2028.