Thomas A. Bartlett - 17 Jun 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role: Director
Signature: /s/ Ajay Ayyappan, Attorney-in-Fact
Issuer symbol: EXLS
Transactions as of: 17 Jun 2025
Net transactions value: $0
Form type: 4
Filing time: 20 Jun 2025, 17:27:46 UTC
Previous filing: 16 May 2025
Next filing: 03 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bartlett Thomas A	Director	C/O EXLSERVICE HOLDINGS, INC, 320 PARK AVENUE, 29TH FLOOR, NEW YORK	/s/ Ajay Ayyappan, Attorney-in-Fact	20 Jun 2025	0001315047

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EXLS	Restricted Stock Units	Award	$0	+4,981	+55%	$0.000000	14,014	17 Jun 2025	Common Stock, par value $0.001 per share	4,981		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.
F2	The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2025 Omnibus Incentive Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

Content

Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2025 Omnibus Incentive Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

Remarks:

Mr. Ayyappan is the Company's General Counsel.