EXLS

SEC source: 0001104659-20-005588 · tm205501d1_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: 253,565

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 $72.50 to $72.59 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: 0001104659-20-005588 · tm205501d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,352

F2 · 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 $72.50 to $72.59 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: 0001104659-20-005588 · tm205501d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 215,802

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 January 16, 2020, the reporting person exercised previously issued options to purchase an aggregate of 4,450 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-20-004357 · tm203542d1_4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,966

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

SEC source: 0001104659-20-004359 · tm203542d3_4.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,500

Underlying: Common Stock, par value $0.001 per share · 6,759 shares

Expires 2022-02-07

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 January 13, 2020, the reporting person exercised previously issued options to purchase an aggregate of 6,759 shares of common stock of ExlService Holdings, Inc.

F11 · derivative.exercise_date: On February 7, 2012, the reporting person was granted 97,500 stock options. 25 percent of these options became vested and exercisable on February 7, 2013, an additional 25 percent became vested and exercisable on February 7, 2014, an additional 25 percent became vested and exercisable on February 7, 2015, and the balance of 25 percent became vested and exercisable on February 7, 2016.

SEC source: 0001104659-20-004359 · tm203542d3_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: 258,185

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 $70.90 to $70.95 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: 0001104659-20-004359 · tm203542d3_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,352

F2 · 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 $70.90 to $70.95 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: 0001104659-20-004359 · tm203542d3_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 218,111

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 January 13, 2020, the reporting person exercised previously issued options to purchase an aggregate of 6,759 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-20-004358 · tm203542d2_4.xml · derivative · entry 3

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,320

Underlying: Common Stock, par value $0.001 per share · 2,000 shares

Expires 2021-02-03

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 January 13, 2020, the reporting person exercised previously issued options to purchase an aggregate of 2,000 shares of common stock of ExlService Holdings, Inc.

F3 · derivative.exercise_date: On February 3, 2011, the reporting person was granted 8,320 stock options. 10 percent of these options became vested and exercisable on February 3, 2012, an additional 20 percent became vested and exercisable on February 3, 2013, an additional 30 percent became vested and exercisable on February 3, 2014, and the balance of 40 percent became vested and exercisable on February 3, 2015.

SEC source: 0001104659-20-004358 · tm203542d2_4.xml · nonDerivative · entry 2

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,633

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

SEC source: 0001104659-20-004358 · tm203542d2_4.xml · nonDerivative · entry 1

Jetley Vivek · CIK 0001798124 · EVP and Head of Analytics

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,633

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 January 13, 2020, the reporting person exercised previously issued options to purchase an aggregate of 2,000 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-20-003965 · tm203449d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 267,882

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the Rohit Kapoor 2016 Family Trust.

F2 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-20-002024 · tm201467-1_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 · 821 shares

Expires 2020-01-04

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 January 3, 2020, the reporting person exercised previously issued options to purchase an aggregate of 821 shares of common stock of ExlService Holdings, Inc.

F5 · derivative.exercise_date: On January 4, 2010, the reporting person was granted 8,573 stock options. 100 percent of these options became vested and exercisable on December 31, 2010.

SEC source: 0001104659-20-002024 · tm201467-1_4.xml · nonDerivative · entry 3

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,849

F3 · price: This transaction was executed in multiple trades at prices ranging from $70.35 to $70.48 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: 0001104659-20-002024 · tm201467-1_4.xml · nonDerivative · entry 2

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,064

F2 · price: This transaction was executed in multiple trades at prices ranging from $69.35 to $70.32 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: 0001104659-20-002024 · tm201467-1_4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,670

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 January 3, 2020, the reporting person exercised previously issued options to purchase an aggregate of 821 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-20-001600 · tm201332d1_4.xml · derivative · entry 4

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 821

Underlying: Common Stock, par value $0.001 per share · 7,752 shares

Expires 2020-01-04

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 January 2, 2020, the reporting person exercised previously issued options to purchase an aggregate of 7,752 shares of common stock of ExlService Holdings, Inc.

F4 · derivative.exercise_date: On January 4, 2010, the reporting person was granted 8,573 stock options. 100 percent of these options became vested and exercisable on December 31, 2010.

SEC source: 0001104659-20-001600 · tm201332d1_4.xml · nonDerivative · entry 2

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,849

F2 · price: This transaction was executed in multiple trades at prices ranging from $70.00 to $70.16 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: 0001104659-20-001600 · tm201332d1_4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,601

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 · kind: On January 2, 2020, the reporting person exercised previously issued options to purchase an aggregate of 7,752 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-19-076495 · tm1927516d1_4.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,259

Underlying: Common Stock, par value $0.001 per share · 751 shares

Expires 2022-02-07

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 20, 2019, the reporting person exercised previously issued options to purchase an aggregate of 751 shares of common stock of ExlService Holdings, Inc.

F9 · derivative.exercise_date: On February 7, 2012, the reporting person was granted 97,500 stock options. 25 percent of these options became vested and exercisable on February 7, 2013, an additional 25 percent became vested and exercisable on February 7, 2014, an additional 25 percent became vested and exercisable on February 7, 2015, and the balance of 25 percent became vested and exercisable on February 7, 2016.

SEC source: 0001104659-19-076495 · tm1927516d1_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: 268,071

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

F4 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-19-076495 · tm1927516d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,352

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

SEC source: 0001104659-19-076495 · tm1927516d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,103

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 20, 2019, the reporting person exercised previously issued options to purchase an aggregate of 751 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-19-076198 · tv535309_4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,756

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

SEC source: 0001104659-19-076197 · tv535308_4.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,010

Underlying: Common Stock, par value $0.001 per share · 9,508 shares

Expires 2022-02-07

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 20, 2019, the reporting person exercised previously issued options to purchase an aggregate of 9,508 shares of common stock of ExlService Holdings, Inc.

F11 · derivative.exercise_date: On February 7, 2012, the reporting person was granted 97,500 stock options. 25 percent of these options became vested and exercisable on February 7, 2013, an additional 25 percent became vested and exercisable on February 7, 2014, an additional 25 percent became vested and exercisable on February 7, 2015, and the balance of 25 percent became vested and exercisable on February 7, 2016.

SEC source: 0001104659-19-076197 · tv535308_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: 269,170

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 $70.90 to $70.99 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: 0001104659-19-076197 · tv535308_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,352

F2 · 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 $70.90 to $71.02 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: 0001104659-19-076197 · tv535308_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 220,860

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 20, 2019, the reporting person exercised previously issued options to purchase an aggregate of 9,508 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-19-075649 · tv535235_4.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,518

Underlying: Common Stock, par value $0.001 per share · 800 shares

Expires 2022-02-07

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 19, 2019, the reporting person exercised previously issued options to purchase an aggregate of 800 shares of common stock of ExlService Holdings, Inc.

F9 · derivative.exercise_date: On February 7, 2012, the reporting person was granted 97,500 stock options. 25 percent of these options became vested and exercisable on February 7, 2013, an additional 25 percent became vested and exercisable on February 7, 2014, an additional 25 percent became vested and exercisable on February 7, 2015, and the balance of 25 percent became vested and exercisable on February 7, 2016.

SEC source: 0001104659-19-075649 · tv535235_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: 274,969

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

F4 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-19-075649 · tv535235_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,352

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

SEC source: 0001104659-19-075649 · tv535235_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,152

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 19, 2019, the reporting person exercised previously issued options to purchase an aggregate of 800 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-19-074417 · tm1926689d1_4.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,318

Underlying: Common Stock, par value $0.001 per share · 4,082 shares

Expires 2022-02-07

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 17, 2019, the reporting person exercised previously issued options to purchase an aggregate of 4,082 shares of common stock of ExlService Holdings, Inc.

F11 · derivative.exercise_date: On February 7, 2012, the reporting person was granted 97,500 stock options. 25 percent of these options became vested and exercisable on February 7, 2013, an additional 25 percent became vested and exercisable on February 7, 2014, an additional 25 percent became vested and exercisable on February 7, 2015, and the balance of 25 percent became vested and exercisable on February 7, 2016.

SEC source: 0001104659-19-074417 · tm1926689d1_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: 275,545

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 $70.90 to $70.95 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: 0001104659-19-074417 · tm1926689d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,352

F2 · 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 $70.90 to $70.95 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: 0001104659-19-074417 · tm1926689d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 215,434

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 17, 2019, the reporting person exercised previously issued options to purchase an aggregate of 4,082 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-19-073848 · tm1926559d1_form4.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,400

Underlying: Common Stock, par value $0.001 per share · 100 shares

Expires 2022-02-07

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 16, 2019, the reporting person exercised previously issued options to purchase an aggregate of 100 shares of common stock of ExlService Holdings, Inc.

F9 · derivative.exercise_date: On February 7, 2012, the reporting person was granted 97,500 stock options. 25 percent of these options became vested and exercisable on February 7, 2013, an additional 25 percent became vested and exercisable on February 7, 2014, an additional 25 percent became vested and exercisable on February 7, 2015, and the balance of 25 percent became vested and exercisable on February 7, 2016.

SEC source: 0001104659-19-073848 · tm1926559d1_form4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 279,802

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

F4 · ownership.nature: Owned by the Rohit Kapoor 2016 Family Trust.

SEC source: 0001104659-19-073848 · tm1926559d1_form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,352

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

SEC source: 0001104659-19-073848 · tm1926559d1_form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,452

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 16, 2019, the reporting person exercised previously issued options to purchase an aggregate of 100 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-19-073850 · tm1926559d2_form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

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

SEC source: 0001104659-19-073455 · tm1926442d1_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: 3,369

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 will vest 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.

F4 · balance_after: The total number of unvested Restricted Stock Units indicated above has been adjusted to correct a prior inadvertent understatement due to administrative error.

SEC source: 0001104659-19-073455 · tm1926442d1_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: 581

F2 · kind: The reporting person's restricted stock units reported in this report vested on December 13, 2019. 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: 0001104659-19-073455 · tm1926442d1_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: 1,123

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: 0001104659-19-071485 · tm1924929d1_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 · 1,579 shares

Expires 2020-01-04

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 6, 2019, the reporting person exercised previously issued options to purchase an aggregate of 1,579 shares of common stock of ExlService Holdings, Inc.

F2 · derivative.exercise_date: On January 4, 2010, the reporting person was granted 8,573 stock options. 100 percent of these options became vested and exercisable on December 31, 2010.

SEC source: 0001104659-19-071485 · tm1924929d1_4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,562

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 6, 2019, the reporting person exercised previously issued options to purchase an aggregate of 1,579 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-19-071035 · tm1924826d1_4.xml · derivative · entry 3

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,579

Underlying: Common Stock, par value $0.001 per share · 4,282 shares

Expires 2020-01-04

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 5, 2019, the reporting person exercised previously issued options to purchase an aggregate of 2,707 shares of common stock of ExlService Holdings, Inc.

F4 · derivative.exercise_date: On January 4, 2010, the reporting person was granted 8,573 stock options. 100 percent of these options became vested and exercisable on December 31, 2010.

SEC source: 0001104659-19-071035 · tm1924826d1_4.xml · nonDerivative · entry 2

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,983

F2 · kind: The sales 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 $69.05 to $69.94 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: 0001104659-19-071035 · tm1924826d1_4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,690

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 5, 2019, the reporting person exercised previously issued options to purchase an aggregate of 2,707 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001104659-19-070646 · tm1924697d1_4.xml · derivative · entry 3

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,861

Underlying: Common Stock, par value $0.001 per share · 2,712 shares

Expires 2020-01-04

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, 2019, the reporting person exercised previously issued options to purchase an aggregate of 2,712 shares of common stock of ExlService Holdings, Inc.

F3 · derivative.exercise_date: On January 4, 2010, the reporting person was granted 8,573 stock options. 100 percent of these options became vested and exercisable on December 31, 2010.