Kini Narasimha 4

Accession 0001628280-26-003330

CIK 0001297989other

Filed

Jan 22, 7:00 PM ET

Accepted

Jan 23, 5:11 PM ET

Size

7.9 KB

Accession

0001628280-26-003330

AI-generated summary of this filing

Updated Jan 23, 2026

ExlService (EXLS) EVP Kini Narasimha Exercises Awards

What Happened

Kini Narasimha, Executive Vice President of ExlService Holdings (EXLS), had restricted stock units (derivative awards) settled on Jan 21, 2026. He acquired 5,315 shares at an effective per-share cost of $41.64 (total ~ $221,317). In the same settlement, 6,960 shares were surrendered/withheld (disposed at $0) to cover taxes or other withholding obligations.

Key Details

Transaction date: January 21, 2026; Form 4 filed January 23, 2026 (filed timely).
Acquired: 5,315 shares @ $41.64 each = $221,317 (reported as "M" — exercise/conversion of a derivative).
Withheld/disposed: 6,960 shares @ $0.00 (used to satisfy tax withholding related to the settlement).
Shares owned after transaction: Not specified in the filing.
Footnotes:
- F1/F3: These shares represent RSUs that vested March 31, 2024 (and were settled Jan 21, 2026); administrative delay in settlement reduced the number of shares issued per U.S. tax rules.
- F2: Some units relate to a share-matching plan tied to the officer’s stock purchase.
Reporting status: No indication this is a 10% owner transaction; filing appears timely (filed two days after the transaction).

Context

This was a settlement of previously granted RSUs (not an open-market buy). The withheld/disposed shares are a routine tax-withholding step and should not be read as a separate market sale for investment signal purposes. The net result increased the insider’s stock position by the acquired 5,315 shares (after withholding).

Form 4

Period: 2026-01-21

Executive Vice President

Transactions

Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]
2026-01-21$41.64/sh+5,315$221,317→ 190,973 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

/s/ Ajay Ayyappan, Attorney-in-Fact|2026-01-23

1 file

ExlService Holdings, Inc.

CIK 0001297989

Entity typeother