Jetley Vivek 4

4 · ExlService Holdings, Inc. · Filed Jan 28, 2026

AI-generated summary of this filing

Updated Jan 29, 2026

ExlService (EXLS) President Vivek Jetley Receives Award, Sells Shares

What Happened

Vivek Jetley, President of ExlService Holdings, received 35,577 shares on Jan 26, 2026 when performance-restricted stock units (PRSUs) vested. Of those, 19,675 shares were surrendered/withheld to cover tax liabilities at $42.64 per share (total withholding ≈ $838,942). The awards show $0 acquisition price (typical for vested RSUs).

Key Details

Transaction date: January 26, 2026.
Awarded (code A): 12,265 shares and 23,312 shares (total 35,577) reported as acquired at $0.00.
Withheld/disposed for taxes (code F): 6,783 shares ($289,227) and 12,892 shares ($549,715) — total 19,675 shares withheld, $838,942 total.
Price used for tax withholding: $42.64 per share (closing price on the preceding trading day, per plan).
Net new shares retained by Jetley from the vesting: 35,577 − 19,675 = 15,902 shares.
Shares owned after the transaction: not disclosed in the Form 4.
Footnotes: F1 — shares earned from PRSUs granted Feb 15, 2023 and certified vested based on performance through Dec 31, 2025. F2 — withholding computed using prior-day closing Nasdaq price.
Filing timeliness: Reported Jan 28, 2026 for a Jan 26, 2026 event (filed within the typical two-business-day Form 4 window).

Context

This was a vesting of performance-based RSUs, not an open-market purchase or an options exercise. The "disposed" transactions reflect routine share withholding to satisfy tax obligations, not a sale on the market for cash by the insider. Such withholding is a common administrative step when equity awards vest.

Form 4

Period: 2026-01-26

President of EXL

Transactions

Award
Common Stock, par value $0.001 per share
[F1]
2026-01-26+12,265→ 410,972 total
Tax Payment
Common Stock, par value $0.001 per share
[F1][F2]
2026-01-26$42.64/sh−6,783$289,227→ 404,189 total
Award
Common Stock, par value $0.001 per share
[F1]
2026-01-26+23,312→ 427,501 total
Tax Payment
Common Stock, par value $0.001 per share
[F1][F2]
2026-01-26$42.64/sh−12,892$549,715→ 414,609 total

Footnotes (2)

[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 15, 2023. Such shares of Common Stock were deemed earned on January 26, 2026, based on the Compensation and Talent Management 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, 2025.
[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.

Signature

/s/ Ajay Ayyappan, Attorney-in-Fact|2026-01-28

1 file