Bartlett Thomas A 4

What Happened

• Thomas A. Bartlett, a director of ExlService Holdings, Inc. (EXLS), was granted 7,871 restricted stock units (RSUs) on June 16, 2026. The award is reported as a derivative acquisition at $0.00 (no cash paid at grant). The filing does not state a cash value or any immediate shares delivered — these are contingent rights to receive common stock in the future.

Key Details

• Transaction date: 2026-06-16 (reported on Form 4 filed 2026-06-18).
• Transaction type/code: A — Grant/Award (derivative RSUs).
• Shares involved: 7,871 restricted stock units (each representing a contingent right to one share).
• Price: $0.00 at grant (typical for compensation awards).
• Shares owned after transaction: Not disclosed in this filing.
• Vesting/settlement (per footnotes): RSUs vest on the earlier of (i) the first anniversary of grant, (ii) the end of Bartlett’s current board term if not re-elected, or (iii) a Change in Control; they settle upon the earlier of death, a Change in Control, or 180 days after Bartlett ceases board service (except in case of death).
• Filing timeliness: Filed two days after the grant — within the usual two-business-day Form 4 reporting window.
• Filing remark: the form includes an administrative remark noting Mr. Ayyappan is the company’s General Counsel.

Context

• This was an equity compensation award (RSUs), not an open-market buy or sale. RSU grants are common for board compensation or retention and do not reflect an immediate cash outlay or stock sale. The award becomes shares only if and when vesting/settlement conditions are met.