Jetley Vivek 4

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.