EXLS

SEC source: 0001104659-21-014079 · tm215802d1_4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,899

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

SEC source: 0001104659-21-013069 · tm215553d1_4.xml · derivative · entry 3

Nicolelli Maurizio · CIK 0001472650 · Executive Vice President & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,424

Underlying: Common Stock, par value $0.001 per share · 1,474 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 3, 2020, the reporting person was granted 5,898 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 3, 2021, an additional 25 percent of the restricted stock units became vested on February 3, 2022, an additional 25 percent of the restricted stock units became vested on February 3, 2023, and the remaining balance of 25 percent of the restricted stock units became vested on February 3, 2024.

F3 · derivative.expiration_date: On February 3, 2020, the reporting person was granted 5,898 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 3, 2021, an additional 25 percent of the restricted stock units became vested on February 3, 2022, an additional 25 percent of the restricted stock units became vested on February 3, 2023, and the remaining balance of 25 percent of the restricted stock units became vested on February 3, 2024.

SEC source: 0001104659-21-013069 · tm215553d1_4.xml · nonDerivative · entry 2

Nicolelli Maurizio · CIK 0001472650 · Executive Vice President & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,448

F2 · price: The reporting person's restricted stock units reported in this report vested on February 3, 2021. Pursuant to the Company's 2018 Amendment and Restatement of the 2006 Omnibus Award 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: 0001104659-21-013069 · tm215553d1_4.xml · nonDerivative · entry 1

Nicolelli Maurizio · CIK 0001472650 · Executive Vice President & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,974

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: 0001104659-21-012304 · tm215433d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,824

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001104659-21-011649 · tm215278d2_4.xml · nonDerivative · entry 2

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,775

F2 · price: Pursuant to the agreement governing the grant of the PRSUs and pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day, January 29, 2021 in this case, is used for purposes of computing tax reporting and withholding.

SEC source: 0001104659-21-011649 · tm215278d2_4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,044

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 22, 2018. Such shares of Common Stock were deemed earned on February 1, 2021 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2020.

SEC source: 0001104659-21-011657 · tm215278d5_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,734

F2 · price: Pursuant to the agreement governing the grant of the PRSUs and pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day, January 29, 2021 in this case, is used for purposes of computing tax reporting and withholding.

SEC source: 0001104659-21-011657 · tm215278d5_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,414

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 22, 2018. Such shares of Common Stock were deemed earned on February 1, 2021 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2020.

SEC source: 0001104659-21-011654 · tm215278d4_4.xml · nonDerivative · entry 2

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,510

F2 · price: Pursuant to the agreement governing the grant of the PRSUs and pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day, January 29, 2021 in this case, is used for purposes of computing tax reporting and withholding.

SEC source: 0001104659-21-011654 · tm215278d4_4.xml · nonDerivative · entry 1

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,443

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 22, 2018. Such shares of Common Stock were deemed earned on February 1, 2021 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2020.

SEC source: 0001104659-21-011651 · tm215278d3_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 207,498

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 22, 2018. Such shares of Common Stock were deemed earned on February 1, 2021 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2020.

SEC source: 0001104659-21-011648 · tm215278d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,649

F2 · price: Pursuant to the agreement governing the grant of the PRSUs and pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day, January 29, 2021 in this case, is used for purposes of computing tax reporting and withholding.

SEC source: 0001104659-21-011648 · tm215278d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,037

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 22, 2018. Such shares of Common Stock were deemed earned on February 1, 2021 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2020.

SEC source: 0001104659-21-007236 · tm214104-2_4.xml · derivative · entry 1

Pipes Kristy · CIK 0001783568 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 649

Underlying: Common Stock, par value $0.001 per share · 649 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.

F2 · 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 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. 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 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.

F2 · 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 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. 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 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.

SEC source: 0001104659-21-001579 · tm211937d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 400

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001104659-20-138116 · tm2039105-1_4.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 183,185

F4 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the Rohit Kapoor 2016 Family Trust.

F7 · price: This transaction was executed in multiple trades at prices ranging from $85.95 to $86.21 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

F6 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-20-138116 · tm2039105-1_4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 183,907

F4 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the Rohit Kapoor 2016 Family Trust.

F5 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $85.86 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

F6 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-20-138116 · tm2039105-1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 179,238

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F3 · price: This transaction was executed in multiple trades at prices ranging from $85.95 to $86.46 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

SEC source: 0001104659-20-138116 · tm2039105-1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 189,630

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $85.94 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

SEC source: 0001104659-20-137473 · tm2038943d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 194,778

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the Rohit Kapoor 2016 Family Trust.

F4 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $85.04 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

F5 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-20-137473 · tm2038943d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 210,345

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $85.05 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

SEC source: 0001104659-20-136911 · tm2038809d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 199,756

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the Rohit Kapoor 2016 Family Trust.

F4 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $85.02 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

F5 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-20-136911 · tm2038809d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 217,544

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $85.02 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

SEC source: 0001104659-20-136368 · tm2038716d1_4.xml · nonDerivative · entry 1

Meckey Samuel · CIK 0001758557 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,350

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001104659-20-135776 · tm2038582d1_4.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,246

Underlying: Common Stock, par value $0.001 per share · 1,123 shares

Expires 2028-12-13

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 December 13, 2018, the reporting person was granted 4,492 restricted stock units, 25 percent of the restricted stock units became vested on December 13, 2019, an additional 25 percent of the restricted stock units vested on December 13, 2020, an additional 25 percent of the restricted stock units will vest on December 13, 2021, and the remaining balance 25 percent of the restricted stock units will vest on December 13, 2022.

SEC source: 0001104659-20-135776 · tm2038582d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 562

F2 · kind: The reporting person's restricted stock units reported in this report vested on December 13, 2020. 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: 0001104659-20-135776 · tm2038582d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,362

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: 0001104659-20-135308 · tm2022988-1_4.xml · derivative · entry 3

KELSO DAVID B · CIK 0001187801 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 5,138 shares

Expires 2021-01-03

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 · kind: On December 10, 2020, the reporting person exercised previously issued options to purchase an aggregate of 5,138 shares of common stock of ExlService Holdings, Inc.

F3 · derivative.exercise_date: On January 3, 2011, the reporting person was granted 7,258 stock options. 100 percent of these options became vested and exercisable on December 31, 2011.

SEC source: 0001104659-20-135308 · tm2022988-1_4.xml · nonDerivative · entry 2

KELSO DAVID B · CIK 0001187801 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,507

F2 · price: This transaction was executed in multiple trades at prices ranging from $83.65 to $83.79 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares

SEC source: 0001104659-20-135308 · tm2022988-1_4.xml · nonDerivative · entry 1

KELSO DAVID B · CIK 0001187801 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,645

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 · kind: On December 10, 2020, the reporting person exercised previously issued options to purchase an aggregate of 5,138 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-20-134810 · tm2038327d1_4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 205,871

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the Rohit Kapoor 2016 Family Trust.

F4 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $85.06 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

F5 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-20-134810 · tm2038327d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 225,966

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $85.00 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

SEC source: 0001104659-20-134810 · tm2038327d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 227,266

SEC source: 0001104659-20-133704 · tm2038134d1_4.xml · derivative · entry 2

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

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

Expires 2021-01-03

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 · kind: On December 3, 2020, the reporting person exercised previously issued options to purchase an aggregate of 1,348 shares of common stock of ExlService Holdings, Inc., pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · derivative.exercise_date: On January 3, 2011, the reporting person was granted 7,258 stock options. 100 percent of these options became vested and exercisable on December 31, 2011.

SEC source: 0001104659-20-133704 · tm2038134d1_4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,261

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 · kind: On December 3, 2020, the reporting person exercised previously issued options to purchase an aggregate of 1,348 shares of common stock of ExlService Holdings, Inc., pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001104659-20-133298 · tm2038051-1_4.xml · derivative · entry 3

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,348

Underlying: Common Stock, par value $0.001 per share · 3,632 shares

Expires 2021-01-03

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.

F3 · derivative.exercise_date: On January 3, 2011, the reporting person was granted 7,258 stock options. 100 percent of these options became vested and exercisable on December 31, 2011.

SEC source: 0001104659-20-133298 · tm2038051-1_4.xml · nonDerivative · entry 2

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,913

F2 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001104659-20-133298 · tm2038051-1_4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,194

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 · kind: On December 4, 2020, the reporting person exercised previously issued options to purchase an aggregate of 3,632 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-20-133299 · tm2038051d2_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 207,071

F2 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the Rohit Kapoor 2016 Family Trust.

F3 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-20-133299 · tm2038051d2_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 227,386

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001104659-20-132918 · tm2037881d1_4.xml · derivative · entry 3

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,980

Underlying: Common Stock, par value $0.001 per share · 2,278 shares

Expires 2021-01-03

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 · kind: On December 3, 2020, the reporting person exercised previously issued options to purchase an aggregate of 2,278 shares of common stock of ExlService Holdings, Inc.

F3 · derivative.exercise_date: On January 3, 2011, the reporting person was granted 7,258 stock options. 100 percent of these options became vested and exercisable on December 31, 2011.

SEC source: 0001104659-20-132918 · tm2037881d1_4.xml · nonDerivative · entry 2

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,562

F2 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001104659-20-132918 · tm2037881d1_4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,840

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 · kind: On December 3, 2020, the reporting person exercised previously issued options to purchase an aggregate of 2,278 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-20-132039 · tm2037684d2_4.xml · derivative · entry 5

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 4,758 shares

Expires 2021-01-03

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 · kind: On December 1, 2020, the reporting person exercised previously issued options to purchase an aggregate of 4,758 shares of common stock of ExlService Holdings, Inc.

F5 · derivative.exercise_date: On January 3, 2011, the reporting person was granted 7,258 stock options. 100 percent of these options became vested and exercisable on December 31, 2011.

SEC source: 0001104659-20-132039 · tm2037684d2_4.xml · nonDerivative · entry 3

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,551

F3 · price: This transaction was executed in multiple trades at prices ranging from $$84.39 to $84.850 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001104659-20-132039 · tm2037684d2_4.xml · nonDerivative · entry 2

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,451

F2 · price: This transaction was executed in multiple trades at prices ranging from $83.38 to $84.36 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001104659-20-132039 · tm2037684d2_4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,309

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 · kind: On December 1, 2020, the reporting person exercised previously issued options to purchase an aggregate of 4,758 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-20-132037 · tm2037684d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 207,771

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the Rohit Kapoor 2016 Family Trust.

F4 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $84.96 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

F5 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-20-132037 · tm2037684d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 228,553

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $84.95 to $ 84.98 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.