EXLS

SEC source: 0001104659-21-027034 · tm217747-8_4seq1.xml · nonDerivative · entry 4

Meckey Samuel · CIK 0001758557 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,366

F3 · price: The reporting person's restricted stock units reported in this report vested on February 20, 2021. 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.

SEC source: 0001104659-21-027034 · tm217747-8_4seq1.xml · nonDerivative · entry 3

Meckey Samuel · CIK 0001758557 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,776

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027033 · tm217747-7_4seq1.xml · derivative · entry 6

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,445

Underlying: Common Stock, par value $0.001 per share · 723 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F5 · derivative.exercise_date: On February 20, 2019, the reporting person was granted 2,890 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional twenty-five percent of the restricted stock units became vested on February 20, 2021, an additional twenty-five percent of the restricted stock units will vest on February 20, 2022; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 20, 2023

F5 · derivative.expiration_date: On February 20, 2019, the reporting person was granted 2,890 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional twenty-five percent of the restricted stock units became vested on February 20, 2021, an additional twenty-five percent of the restricted stock units will vest on February 20, 2022; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 20, 2023

SEC source: 0001104659-21-027033 · tm217747-7_4seq1.xml · nonDerivative · entry 4

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,630

F3 · price: The reporting person's restricted stock units reported in this report vested on February 20, 2021. 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.

SEC source: 0001104659-21-027033 · tm217747-7_4seq1.xml · nonDerivative · entry 3

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,907

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027030 · tm217747-4_4seq1.xml · derivative · entry 9

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,640

Underlying: Common Stock, par value $0.001 per share · 5,880 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. convert into common stock, par value $0.001 per share on a one-for-one basis.

F8 · derivative.exercise_date: On February 20, 2020, the reporting person was granted 23,515 restricted stock units, 25 percent of the restricted stock units became vested on February 20, 2021, an additional 25 percent of the restricted stock units will vest on February 20, 2022, an additional 25 percent of the restricted stock units will vest on February 20, 2023, and the remaining balance of 25 percent of the restricted stock units will vest on February 20, 2024.

F8 · derivative.expiration_date: On February 20, 2020, the reporting person was granted 23,515 restricted stock units, 25 percent of the restricted stock units became vested on February 20, 2021, an additional 25 percent of the restricted stock units will vest on February 20, 2022, an additional 25 percent of the restricted stock units will vest on February 20, 2023, and the remaining balance of 25 percent of the restricted stock units will vest on February 20, 2024.

SEC source: 0001104659-21-027030 · tm217747-4_4seq1.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,455

Underlying: Common Stock, par value $0.001 per share · 7,228 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. convert into common stock, par value $0.001 per share on a one-for-one basis.

F7 · derivative.exercise_date: On February 20, 2019, the reporting person was granted 38,910 restricted stock units, 25 percent of the restricted stock units became vested on February 20, 2020, an additional 25 percent of the restricted stock units became vested on February 20, 2021, an additional 25 percent of the restricted stock units will vest on February 20, 2022, and the remaining balance of 25 percent of the restricted stock units will vest on February 20, 2023.

F7 · derivative.expiration_date: On February 20, 2019, the reporting person was granted 38,910 restricted stock units, 25 percent of the restricted stock units became vested on February 20, 2020, an additional 25 percent of the restricted stock units became vested on February 20, 2021, an additional 25 percent of the restricted stock units will vest on February 20, 2022, and the remaining balance of 25 percent of the restricted stock units will vest on February 20, 2023.

SEC source: 0001104659-21-027030 · tm217747-4_4seq1.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 220,606

F1 · price: Restricted stock units of ExlService Holdings, Inc. convert into common stock, par value $0.001 per share on a one-for-one basis.

SEC source: 0001104659-21-027030 · tm217747-4_4seq1.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 214,726

F1 · price: Restricted stock units of ExlService Holdings, Inc. convert into common stock, par value $0.001 per share on a one-for-one basis.

SEC source: 0001104659-21-027032 · tm217747-6_4seq1.xml · derivative · entry 6

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,415

Underlying: Common Stock, par value $0.001 per share · 1,708 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F5 · derivative.exercise_date: On February 20, 2019, the reporting person was granted 6,830 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional twenty-five percent of the restricted stock units became vested on February 20, 2021, an additional twenty-five percent of the restricted stock units will vest on February 20, 2022; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 20, 2023.

F5 · derivative.expiration_date: On February 20, 2019, the reporting person was granted 6,830 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional twenty-five percent of the restricted stock units became vested on February 20, 2021, an additional twenty-five percent of the restricted stock units will vest on February 20, 2022; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 20, 2023.

SEC source: 0001104659-21-027032 · tm217747-6_4seq1.xml · nonDerivative · entry 4

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,899

F3 · price: The reporting person's restricted stock units reported in this report vested on February 20, 2021. 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.

SEC source: 0001104659-21-027032 · tm217747-6_4seq1.xml · nonDerivative · entry 3

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,630

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027028 · tm217747-3_4seq1.xml · derivative · entry 6

AYYAPPAN AJAY · CIK 0001762098 · SVP & Gen Counsel/Corp Sec'y

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,033

Underlying: Common Stock, par value $0.001 per share · 516 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F5 · derivative.exercise_date: On February 20, 2019, the reporting person was granted 2,065 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional twenty-five percent of the restricted stock units became vested on February 20, 2021, an additional twenty-five percent of the restricted stock units will vest on February 20, 2022; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 20, 2023

F5 · derivative.expiration_date: On February 20, 2019, the reporting person was granted 2,065 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional twenty-five percent of the restricted stock units became vested on February 20, 2021, an additional twenty-five percent of the restricted stock units will vest on February 20, 2022; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 20, 2023

SEC source: 0001104659-21-027028 · tm217747-3_4seq1.xml · nonDerivative · entry 4

AYYAPPAN AJAY · CIK 0001762098 · SVP & Gen Counsel/Corp Sec'y

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,031

F3 · price: The reporting person's restricted stock units reported in this report vested on February 20, 2021. 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.

SEC source: 0001104659-21-027028 · tm217747-3_4seq1.xml · nonDerivative · entry 3

AYYAPPAN AJAY · CIK 0001762098 · SVP & Gen Counsel/Corp Sec'y

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,306

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027025 · tm217747-2_4seq1.xml · derivative · entry 6

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,088

Underlying: Common Stock, par value $0.001 per share · 1,544 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F5 · derivative.exercise_date: On February 20, 2019, the reporting person was granted 6,175 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional twenty-five percent of the restricted stock units became vested on February 20, 2021, an additional twenty-five percent of the restricted stock units will vest on February 20, 2022; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 20, 2023

F5 · derivative.expiration_date: On February 20, 2019, the reporting person was granted 6,175 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 20, 2020, an additional twenty-five percent of the restricted stock units became vested on February 20, 2021, an additional twenty-five percent of the restricted stock units will vest on February 20, 2022; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 20, 2023

SEC source: 0001104659-21-027025 · tm217747-2_4seq1.xml · nonDerivative · entry 4

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,856

F3 · price: The reporting person's restricted stock units reported in this report vested on February 20, 2021. 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.

SEC source: 0001104659-21-027025 · tm217747-2_4seq1.xml · nonDerivative · entry 3

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,447

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027031 · tm217747-5_4seq1.xml · derivative · entry 5

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,534

Underlying: Common Stock, par value $0.001 per share · 2,511 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F4 · derivative.exercise_date: On February 19, 2020, the reporting person was granted 10,045 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

F4 · derivative.expiration_date: On February 19, 2020, the reporting person was granted 10,045 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

SEC source: 0001104659-21-027031 · tm217747-5_4seq1.xml · nonDerivative · entry 2

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,212

F2 · price: The reporting person's restricted stock units reported in this report vested on February 19, 2021. 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.

SEC source: 0001104659-21-027031 · tm217747-5_4seq1.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,286

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027034 · tm217747-8_4seq1.xml · derivative · entry 5

Meckey Samuel · CIK 0001758557 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,924

Underlying: Common Stock, par value $0.001 per share · 1,641 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F4 · derivative.exercise_date: On February 19, 2020, the reporting person was granted 6,565 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

F4 · derivative.expiration_date: On February 19, 2020, the reporting person was granted 6,565 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

SEC source: 0001104659-21-027034 · tm217747-8_4seq1.xml · nonDerivative · entry 2

Meckey Samuel · CIK 0001758557 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,433

F2 · price: The reporting person's restricted stock units reported in this report vested on February 19, 2021. 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.

SEC source: 0001104659-21-027034 · tm217747-8_4seq1.xml · nonDerivative · entry 1

Meckey Samuel · CIK 0001758557 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,991

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027033 · tm217747-7_4seq1.xml · derivative · entry 5

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,274

Underlying: Common Stock, par value $0.001 per share · 1,091 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F4 · derivative.exercise_date: On February 19, 2020, the reporting person was granted 4,365 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

F4 · derivative.expiration_date: On February 19, 2020, the reporting person was granted 4,365 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

SEC source: 0001104659-21-027033 · tm217747-7_4seq1.xml · nonDerivative · entry 2

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,184

F2 · price: The reporting person's restricted stock units reported in this report vested on February 19, 2021. 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.

SEC source: 0001104659-21-027033 · tm217747-7_4seq1.xml · nonDerivative · entry 1

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,601

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027032 · tm217747-6_4seq1.xml · derivative · entry 5

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,225

Underlying: Common Stock, par value $0.001 per share · 2,075 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F4 · derivative.exercise_date: On February 19, 2020, the reporting person was granted 8,300 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

F4 · derivative.expiration_date: On February 19, 2020, the reporting person was granted 8,300 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

SEC source: 0001104659-21-027032 · tm217747-6_4seq1.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,922

F2 · price: The reporting person's restricted stock units reported in this report vested on February 19, 2021. 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.

SEC source: 0001104659-21-027032 · tm217747-6_4seq1.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,809

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027028 · tm217747-3_4seq1.xml · derivative · entry 5

AYYAPPAN AJAY · CIK 0001762098 · SVP & Gen Counsel/Corp Sec'y

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,520

Underlying: Common Stock, par value $0.001 per share · 840 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F4 · derivative.exercise_date: On February 19, 2020, the reporting person was granted 3,360 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024.

F4 · derivative.expiration_date: On February 19, 2020, the reporting person was granted 3,360 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024.

SEC source: 0001104659-21-027028 · tm217747-3_4seq1.xml · nonDerivative · entry 2

AYYAPPAN AJAY · CIK 0001762098 · SVP & Gen Counsel/Corp Sec'y

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 790

F2 · price: The reporting person's restricted stock units reported in this report vested on February 19, 2021. 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.

SEC source: 0001104659-21-027028 · tm217747-3_4seq1.xml · nonDerivative · entry 1

AYYAPPAN AJAY · CIK 0001762098 · SVP & Gen Counsel/Corp Sec'y

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,240

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027025 · tm217747-2_4seq1.xml · derivative · entry 5

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,247

Underlying: Common Stock, par value $0.001 per share · 1,748 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F4 · derivative.exercise_date: On February 19, 2020, the reporting person was granted 6,995 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

F4 · derivative.expiration_date: On February 19, 2020, the reporting person was granted 6,995 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024

SEC source: 0001104659-21-027025 · tm217747-2_4seq1.xml · nonDerivative · entry 2

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,903

F2 · price: The reporting person's restricted stock units reported in this report vested on February 19, 2021. 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.

SEC source: 0001104659-21-027025 · tm217747-2_4seq1.xml · nonDerivative · entry 1

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,572

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-027024 · tm217747-1_4seq1.xml · derivative · entry 3

Nicolelli Maurizio · CIK 0001472650 · Executive Vice President & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,274

Underlying: Common Stock, par value $0.001 per share · 1,091 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F3 · derivative.exercise_date: On February 19, 2020, the reporting person was granted 4,365 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024.

F3 · derivative.expiration_date: On February 19, 2020, the reporting person was granted 4,365 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 19, 2021, an additional twenty-five percent of the restricted stock units will vest on February 19, 2022, an additional twenty-five percent of the restricted stock units will vest on February 19, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 19, 2024.

SEC source: 0001104659-21-027024 · tm217747-1_4seq1.xml · nonDerivative · entry 2

Nicolelli Maurizio · CIK 0001472650 · Executive Vice President & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,210

F2 · price: The reporting person's restricted stock units reported in this report vested on February 19, 2021. 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.

SEC source: 0001104659-21-027024 · tm217747-1_4seq1.xml · nonDerivative · entry 1

Nicolelli Maurizio · CIK 0001472650 · Executive Vice President & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,539

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 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.

SEC source: 0001104659-21-025813 · tm217292-3_4seq1.xml · derivative · entry 1

Mahon Anita · CIK 0001805281 · Executive VP & CGS Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,720

Underlying: Common Stock, par value $0.001 per share · 4,720 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-025819 · tm217292-8_4seq1.xml · derivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,870

Underlying: Common Stock, par value $0.001 per share · 10,870 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-025820 · tm217292-9_4seq1.xml · derivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,400

Underlying: Common Stock, par value $0.001 per share · 35,400 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-025818 · tm217292-7_4seq1.xml · derivative · entry 1

Nicolelli Maurizio · CIK 0001472650 · Executive Vice President & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,920

Underlying: Common Stock, par value $0.001 per share · 6,920 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-025817 · tm217292-6_4seq1.xml · derivative · entry 1

Meckey Samuel · CIK 0001758557 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,415

Underlying: Common Stock, par value $0.001 per share · 7,415 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-025816 · tm217292-5_4seq1.xml · derivative · entry 1

AYYAPPAN AJAY · CIK 0001762098 · SVP & Gen Counsel/Corp. Sec'y.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,210

Underlying: Common Stock, par value $0.001 per share · 4,210 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-025814 · tm217292-4_4seq1.xml · derivative · entry 1

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,340

Underlying: Common Stock, par value $0.001 per share · 7,340 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-025812 · tm217292-2_4seq1.xml · derivative · entry 1

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,660

Underlying: Common Stock, par value $0.001 per share · 6,660 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-025809 · tm217292-1_4seq1.xml · derivative · entry 1

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,955

Underlying: Common Stock, par value $0.001 per share · 5,955 shares

Expires 2031-02-17

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 17, 2022. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001104659-21-014079 · tm215802d1_4.xml · derivative · entry 4

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,777

Underlying: Common Stock, par value $0.001 per share · 1,275 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F4 · derivative.exercise_date: 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 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 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 vesting date.

F4 · derivative.expiration_date: 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 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 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 vesting date.

SEC source: 0001104659-21-014079 · tm215802d1_4.xml · derivative · entry 3

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,502

Underlying: Common Stock, par value $0.001 per share · 1,348 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F3 · derivative.exercise_date: On February 4, 2020, the reporting person was granted 1,348 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board of Directors of ExlService Holdings, Inc. (the "Board") if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the ExlService Holdings, Inc. 2018 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 or (iii) the vesting date.

F3 · derivative.expiration_date: On February 4, 2020, the reporting person was granted 1,348 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board of Directors of ExlService Holdings, Inc. (the "Board") if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the ExlService Holdings, Inc. 2018 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 or (iii) the vesting date.