Jetley Vivek 4

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

AI-generated summary of this filing

Updated Mar 3, 2026

ExlService (EXLS) President Vivek Jetley Converts RSUs, Withholds 5,298 Shares

What Happened

Vivek Jetley, President of ExlService Holdings (EXLS), had 9,579 restricted stock units (RSUs) vest and convert into common shares on February 27, 2026. The conversion was a one-for-one issuance of common stock from RSUs.
To cover tax withholding, 5,298 of those shares were surrendered/withheld at a per-share price of $30.99, yielding a tax-withholding value of $164,185. The net shares delivered to Mr. Jetley from this vesting event were 4,281 shares (9,579 converted − 5,298 withheld).

Key Details

Transaction date: February 27, 2026. Form 4 filed March 3, 2026 (reporting period 2026-02-27).
Conversion: 9,579 RSUs converted to 9,579 common shares (derivative exercise/conversion, code M).
Withholding/tax payment: 5,298 shares disposed to satisfy tax withholding at $30.99/share = $164,185 (code F).
Net shares retained from the vesting: 4,281 shares.
Footnotes: RSUs convert one-for-one to common stock; the company uses the prior trading day's closing price to compute tax withholding. The RSUs originated from a Feb 27, 2024 grant of 38,316 RSUs that vest in four annual installments (25% each year through 2028).
Shares owned after the transaction were not provided in the excerpt of this filing.

Context

This was a routine vesting and tax-withholding event (conversion of RSUs), not an open-market purchase or directed sale. Withholding shares to cover taxes is common and does not necessarily signal a change in insider conviction.
Codes: M = exercise/conversion of derivatives (here, RSUs into common stock); F = shares withheld/used to pay taxes or exercise price.
No indication in the provided data that this filing was late.

Form 4

Period: 2026-02-27

President of EXL

Transactions

Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]
2026-02-27+9,579→ 431,472 total
Tax Payment
Common Stock, par value $0.001 per share
[F2]
2026-02-27$30.99/sh−5,298$164,185→ 426,174 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-27−9,579→ 19,158 total
→ Common Stock, par value $0.001 per share (9,579 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 38,316 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