Harrison Pamela M 4

4 · ExlService Holdings, Inc. · Filed Mar 3, 2026

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Updated Mar 3, 2026

ExlService (EXLS) CHRO Pamela Harrison Converts RSUs, Withholds Shares

What Happened

Pamela M. Harrison, Chief Human Resources Officer of ExlService Holdings (EXLS), had 4,151 restricted stock units (RSUs) convert into 4,151 shares on February 27, 2026. To satisfy tax withholding, 2,159 of those shares were surrendered/withheld at a reported value of $30.99 per share (total ~$66,907). The conversion therefore resulted in a net issuance of 1,992 shares to Ms. Harrison (4,151 converted less 2,159 withheld).
This was a routine vesting/tax-withholding transaction tied to equity compensation (not an open-market purchase or sale).

Key Details

Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (filed within the required 2 business days).
Conversion: 4,151 RSUs converted into 4,151 common shares (transaction code M).
Withholding/tax payment: 2,159 shares withheld/disposed for taxes at $30.99 per share → $66,907 (transaction code F).
Net shares issued to insider from this vesting event: 1,992 shares (4,151 − 2,159).
Shares owned after the transaction: not specified in the provided excerpt of the filing.
Relevant footnotes: F1 — RSUs convert one-for-one into common stock; F2 — withholding value based on prior-day Nasdaq close; F3 — the 4,151 vested shares are one-quarter of a 16,604-RSU grant (vesting annually from Feb 27, 2024).

Context

This was a standard RSU vesting and tax-withholding event (cashless share surrender), common for employee equity compensation. It does not reflect an open-market sale or purchase decision by the insider.

Form 4

Period: 2026-02-27

CHIEF HUMAN RESOURCES OFFICER

Transactions

Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]
2026-02-27+4,151→ 8,414 total
Tax Payment
Common Stock, par value $0.001 per share
[F2]
2026-02-27$30.99/sh−2,159$66,907→ 6,255 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-27−4,151→ 8,302 total
→ Common Stock, par value $0.001 per share (4,151 underlying)

Footnotes (3)

[F1]Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.
[F2]Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units 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.
[F3]On February 27, 2024, the reporting person was granted 16,604 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 27, 2025, an additional 25 percent of the restricted stock units became vested on February 27, 2026, an additional 25 percent of the restricted stock units will vest on February 27, 2027, and the remaining balance of 25 percent of the restricted stock units will vest on February 27, 2028.

Signature

/s/ Ajay Ayyappan, Attorney-in-Fact|2026-03-03

1 file