Kapoor Rohit 4

What Happened

• Rohit Kapoor, Chairman & CEO of ExlService Holdings (EXLS), received a grant of 158,628 restricted stock units (RSUs) on Feb 19, 2026 (reported as an award, $0 price).
• On Feb 20, 2026 he reported conversion/exercise of 24,236 derivative units into common shares (reported at $0), and an equal number (24,236) were reported as disposed the same day (both at $0). The filing lists no cash amounts for these transactions.

Key Details

• Transaction dates and prices:
  • 2026-02-19: Grant/award (A) — 158,628 RSUs @ $0.00 (acquired).
  • 2026-02-20: Exercise/conversion (M) — 24,236 shares @ $0.00 (acquired).
  • 2026-02-20: Exercise/conversion (M) — 24,236 shares @ $0.00 (disposed).
• Shares owned after transaction: Not specified in the provided filing summary.
• Notable footnotes from the filing:
  • F6/F8: RSUs convert into common stock on a one-for-one basis; each RSU is a contingent right to one share.
  • F10: A June 17, 2025 grant of RSUs (96,944) vests in four equal annual installments beginning Feb 20, 2026; 25% vested on Feb 20, 2026.
  • Other footnotes identify various trusts and ownership vehicles for Kapoor (family and spousal trusts).
• Timeliness: Form filed on Feb 23, 2026 for transactions on Feb 19–20, 2026 — filed within the standard two-business-day reporting window (timely).

Context

• The paired same-day acquisition and disposition of 24,236 shares likely reflects conversion/settlement activity (derivative/RSU conversion) paired with an immediate disposition. The filing does not state the reason for the disposition (e.g., sale to cover taxes or other), so no inference about Kapoor’s market view should be drawn.
• RSU grants and conversions are common executive compensation events; awards (A) and conversions/exercises (M) reported at $0 reflect grant/settlement mechanics, not a cash purchase.