Jetley Vivek 4

What Happened

• Vivek Jetley, President of ExlService Holdings, received a grant of 45,324 restricted stock units (RSUs) on Feb 19, 2026. On Feb 20, 2026, 6,849 previously granted RSUs converted into common stock (one-for-one). To satisfy tax withholding, 3,788 of those shares were surrendered/sold at $30.41 per share, totaling $115,193. Net shares received from the conversion were 3,061 (6,849 converted minus 3,788 withheld).
• Transaction codes: A = award/grant (45,324 RSUs); M = conversion/exercise of derivative (6,849 converted); F = payment of tax liability via share withholding (3,788 shares, $115,193).

Key Details

• Transaction dates: RSU grant 2026-02-19; conversion and withholding 2026-02-20; Form 4 filed 2026-02-23 (timely).
• Withholding price used: $30.41 per share (closing price on preceding trading day, per plan rules).
• Net shares added from the conversion: 3,061 shares (6,849 converted less 3,788 withheld).
• Shares owned after transaction: not disclosed in the supplied excerpt of the filing.
• Notable footnotes: RSUs convert one-for-one into common stock; RSUs represent contingent rights and vest per the company plans. The 45,324 RSU grant vests in four equal annual installments beginning Feb 19, 2027. A prior June 17, 2025 grant of 27,396 RSUs vested 25% (6,849 shares) on Feb 20, 2026, which aligns with the conversion reported here. Performance-based RSUs granted Feb 19, 2026 were excluded from this report.

Context

• This appears to be a standard RSU vest/settlement with share withholding to cover tax obligations (common practice). The filing shows conversion of vested RSUs and withholding for taxes rather than an open-market sale for investment purposes.
• For retail investors: awards and routine withholding activity are common and do not necessarily indicate insider sentiment.