Jetley Vivek 4
Accession 0001628280-26-003329
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 5:11 PM ET
Size
7.9 KB
Accession
0001628280-26-003329
Research Summary
AI-generated summary of this filing
ExlService (EXLS) President Vivek Jetley Exercises Derivatives
What Happened
Vivek Jetley, President of ExlService Holdings (EXLS), exercised/converted derivative awards on Jan 21, 2026. He acquired 5,315 shares at $41.64 per share (total cash/payment = $221,317). At the same time 6,960 shares were reported as disposed at $0.00 — these represent shares withheld/settled (not an open-market sale) in connection with the RSU settlement and tax withholding.
Key Details
- Transaction date: January 21, 2026; Form 4 filed January 23, 2026 (appears timely).
- Acquired: 5,315 shares at $41.64 — total $221,317.
- Disposed: 6,960 shares at $0.00 (derivative withholding/settlement).
- Shares owned after transaction: Not disclosed in the provided excerpt.
- Footnotes:
- F1: Shares issued from restricted stock units (RSUs) that vested March 31, 2024 but were settled Jan 21, 2026; the issued amount was reduced per U.S. tax withholding rules.
- F3: The RSUs originate from a March 31, 2022 grant (20,885 RSUs adjusted for a 5-for-1 split) with vesting in installments; this settlement covers the portion that vested in 2024.
- F2: References RSUs from a share matching plan (noted in the filing).
- Remarks note the company’s General Counsel is Mr. Ayyappan (administrative remark in filing).
Context
This was a derivative/RSU settlement and not an open-market buy or sale. The "disposed" line at $0.00 reflects shares withheld or surrendered to satisfy tax obligations on vesting, a common administrative step when RSUs are settled. Such transactions reflect compensation vesting rather than a directional bet on the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]2026-01-21$41.64/sh+5,315$221,317→ 398,707 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-01-21−6,960→ 0 total→ Common Stock, par value $0.001 per share (6,960 underlying)
Footnotes (3)
- [F1]Represents the shares of common stock of ExlService Holdings, Inc. (the "Company") issued in respect of the reporting person's restricted stock units that vested as of March 31, 2024, but which were settled as of January 21, 2026. Due to administrative delay in settlement, the number of shares of common stock issued to the reporting person was reduced based on applicable U.S. tax rules and regulations.
- [F2]Represents restricted stock units received under a share matching plan in connection with the officer's purchase of common stock, par value $0.001 per share of ExlService Holdings, Inc.
- [F3]On March 31, 2022, the reporting person was granted 20,885 restricted stock units, after adjustment for the 5-for-1 forward stock split, effective August 1, 2023, vesting in two installment installments beginning on the second anniversary of the grant date. 33% of the restricted stock units became vested on March 31, 2024, and the remaining balance of 67% of the restricted stock units became vested on March 31, 2025. This transaction represents the settlement, as of January 21, 2026, of the shares that vested in 2024.
Signature
Documents
Issuer
ExlService Holdings, Inc.
CIK 0001297989
Related Parties
1- filerCIK 0001798124
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 5:11 PM ET
- Size
- 7.9 KB