EXLS

SEC source: 0001144204-19-031335 · tv523773_4.xml · nonDerivative · entry 1

KELSO DAVID B · CIK 0001187801 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,711

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: 0001144204-19-031334 · tv523772_4.xml · derivative · entry 3

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,045

Underlying: Common Stock, par value $0.001 per share · 1,857 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 June 15, 2018, the reporting person was granted 1,857 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 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 June 15, 2018, the reporting person was granted 1,857 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 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.

SEC source: 0001144204-19-031334 · tv523772_4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,849

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: 0001104659-19-058449 · tm1921591d1_4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 267,487

SEC source: 0001104659-19-058449 · tm1921591d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 267,577

SEC source: 0001144204-19-021640 · tv519875_4.xml · nonDerivative · entry 1

Srivatsan Nagaraja · CIK 0001692522 · Exec VP & Chief Growth Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

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

SEC source: 0001144204-19-021288 · tv519742_form4.xml · nonDerivative · entry 1

Srivatsan Nagaraja · CIK 0001692522 · Exec VP & Chief Growth Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 542

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 $61.50 to $62.00 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 and prices at which the transactions were effected.

SEC source: 0001144204-19-020585 · tv519402_4.xml · nonDerivative · entry 1

Srivatsan Nagaraja · CIK 0001692522 · Exec VP & Chief Growth Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,958

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

SEC source: 0001144204-19-020298 · tv519182_4.xml · derivative · entry 2

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 12,987 shares

Expires 2019-06-01

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 April 16, 2019, the reporting person exercised previously issued options to purchase an aggregate of 12,987 shares of common stock of ExlService Holdings, Inc.

F3 · derivative.exercise_date: On June 1, 2009, the reporting person was granted 100,000 stock options. 10 percent of these options became vested and exercisable on June 1, 2010, an additional 20 percent became vested and exercisable on June 1, 2011, an additional 30 percent became vested and exercisable on June 1, 2012, and the balance of 40 percent became vested and exercisable on June 1, 2013.

SEC source: 0001144204-19-020298 · tv519182_4.xml · nonDerivative · entry 1

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,036

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 April 16, 2019, the reporting person exercised previously issued options to purchase an aggregate of 12,987 shares of common stock of ExlService Holdings, Inc.

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

SEC source: 0001144204-19-020096 · tv519109_4.xml · derivative · entry 4

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,987

Underlying: Common Stock, par value $0.001 per share · 20,013 shares

Expires 2019-06-01

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 April 15, 2019, the reporting person exercised previously issued options to purchase an aggregate of 20,013 shares of common stock of ExlService Holdings, Inc.

F5 · derivative.exercise_date: On June 1, 2009, the reporting person was granted 100,000 stock options. 10 percent of these options became vested and exercisable on June 1, 2010, an additional 20 percent became vested and exercisable on June 1, 2011, an additional 30 percent became vested and exercisable on June 1, 2012, and the balance of 40 percent became vested and exercisable on June 1, 2013.

SEC source: 0001144204-19-020096 · tv519109_4.xml · nonDerivative · entry 3

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,049

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

F4 · price: This transaction was executed in multiple trades at prices ranging from $60.64 to $61.25 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: 0001144204-19-020096 · tv519109_4.xml · nonDerivative · entry 2

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,647

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 $59.61 to $60.43 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: 0001144204-19-020096 · tv519109_4.xml · nonDerivative · entry 1

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,747

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 April 15, 2019, the reporting person exercised previously issued options to purchase an aggregate of 20,013 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001144204-19-014900 · tv516685_4.xml · nonDerivative · entry 1

Srivatsan Nagaraja · CIK 0001692522 · Exec VP & Chief Growth Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,958

F1 · price: This transaction was executed in multiple trades at prices ranging from $59.79 to $60.40 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: 0001144204-19-014662 · tv516509_4.xml · nonDerivative · entry 1

Srivatsan Nagaraja · CIK 0001692522 · Exec VP & Chief Growth Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,854

F1 · price: This transaction was executed in multiple trades at prices ranging from $59.92 to $59.94 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 and prices at which the transactions were effected.

SEC source: 0001144204-19-012792 · tv515734_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: 0

F1 · kind: The sales 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 $60.34 to $60.40 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: 0001144204-19-011665 · tv515189_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: 992

F1 · kind: The sales 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 $61.50 to $62.26 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: 0001144204-19-011304 · tv514979_4.xml · derivative · entry 3

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 3,000 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 26, 2015, the reporting person was granted 7,500 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

F3 · derivative.expiration_date: On February 26, 2015, the reporting person was granted 7,500 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

SEC source: 0001144204-19-011304 · tv514979_4.xml · nonDerivative · entry 2

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,734

F2 · price: The reporting person's restricted stock units reported in this report vested on February 26, 2019. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the average of the high and low sale prices 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: 0001144204-19-011304 · tv514979_4.xml · nonDerivative · entry 1

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,331

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: 0001144204-19-011305 · tv514980_4.xml · derivative · entry 3

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 5,000 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 26, 2015, the reporting person was granted 12,500 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

F3 · derivative.expiration_date: On February 26, 2015, the reporting person was granted 12,500 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

SEC source: 0001144204-19-011305 · tv514980_4.xml · nonDerivative · entry 2

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,612

F2 · price: The reporting person's restricted stock units reported in this report vested on February 26, 2019. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the average of the high and low sale prices 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: 0001144204-19-011305 · tv514980_4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,406

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: 0001144204-19-011309 · tv514984_4.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 2,400 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: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F5 · derivative.exercise_date: On February 26, 2015, the reporting person was granted 6,000 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

F5 · derivative.expiration_date: On February 26, 2015, the reporting person was granted 6,000 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

SEC source: 0001144204-19-011309 · tv514984_4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,474

F4 · price: The reporting person's restricted stock units reported in this report vested on February 26, 2019. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the average of the high and low sale prices 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: 0001144204-19-011309 · tv514984_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: 3,392

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 · 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: 0001144204-19-011309 · tv514984_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: 992

F1 · kind: The sales 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 $62.01 to $62.47 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: 0001144204-19-011308 · tv514983_4.xml · derivative · entry 7

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 9,375 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: estricted 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 26, 2015, the reporting person was granted 37,500 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Twenty-five percent of the restricted stock units became vested on February 26, 2016, an additional twenty-five percent of the restricted stock units became vested on February 26, 2017, an additional twenty-five percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of twenty-five percent of the restricted stock units became vested on February 26, 2019.

F7 · derivative.expiration_date: On February 26, 2015, the reporting person was granted 37,500 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Twenty-five percent of the restricted stock units became vested on February 26, 2016, an additional twenty-five percent of the restricted stock units became vested on February 26, 2017, an additional twenty-five percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of twenty-five percent of the restricted stock units became vested on February 26, 2019.

SEC source: 0001144204-19-011308 · tv514983_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 267,667

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

SEC source: 0001144204-19-011307 · tv514982_4.xml · derivative · entry 3

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 2,800 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 26, 2015, the reporting person was granted 7,000 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

F3 · derivative.expiration_date: On February 26, 2015, the reporting person was granted 7,000 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

SEC source: 0001144204-19-011307 · tv514982_4.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,920

F2 · price: The reporting person's restricted stock units reported in this report vested on February 26, 2019. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the average of the high and low sale prices 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: 0001144204-19-011307 · tv514982_4.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,925

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: 0001144204-19-011306 · tv514981_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: 0

Underlying: Common Stock, par value $0.001 per share · 1,400 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 26, 2015, the reporting person was granted 3,500 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

F3 · derivative.expiration_date: On February 26, 2015, the reporting person was granted 3,500 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units became vested on February 26, 2018, and the remaining balance of forty percent of the restricted stock units became vested on February 26, 2019.

SEC source: 0001144204-19-011306 · tv514981_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: 1,892

F2 · price: The reporting person's restricted stock units reported in this report vested on February 26, 2019. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the average of the high and low sale prices 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: 0001144204-19-011306 · tv514981_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: 2,566

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: 0001144204-19-010292 · tv514803_4.xml · derivative · entry 9

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,750

Underlying: Common Stock, par value $0.001 per share · 1,750 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.

F7 · derivative.exercise_date: On February 24, 2016, the reporting person was granted 7,000 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 percent of the restricted stock units will vest on February 24, 2020.

F7 · derivative.expiration_date: On February 24, 2016, the reporting person was granted 7,000 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 percent of the restricted stock units will vest on February 24, 2020.

SEC source: 0001144204-19-010292 · tv514803_4.xml · nonDerivative · entry 6

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,331

F4 · price: The reporting person's restricted stock units reported in this report vested on February 24, 2019. Pursuant to the Company's 2015 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: 0001144204-19-010292 · tv514803_4.xml · nonDerivative · entry 5

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,263

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: 0001144204-19-010294 · tv514805_4.xml · derivative · entry 9

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,125

Underlying: Common Stock, par value $0.001 per share · 3,125 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.

F7 · derivative.exercise_date: On February 24, 2016, the reporting person was granted 12,500 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 percent of the restricted stock units will vest on February 24, 2020.

F7 · derivative.expiration_date: On February 24, 2016, the reporting person was granted 12,500 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 percent of the restricted stock units will vest on February 24, 2020.

SEC source: 0001144204-19-010294 · tv514805_4.xml · nonDerivative · entry 6

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,406

F4 · price: The reporting person's restricted stock units reported in this report vested on February 24, 2019. Pursuant to the Company's 2015 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: 0001144204-19-010294 · tv514805_4.xml · nonDerivative · entry 5

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,528

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: 0001144204-19-010295 · tv514806_4.xml · derivative · entry 9

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 875

Underlying: Common Stock, par value $0.001 per share · 875 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.

F7 · derivative.exercise_date: On February 24, 2016, the reporting person was granted 3,500 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 of the restricted stock units will vest on February 24, 2020.

F7 · derivative.expiration_date: On February 24, 2016, the reporting person was granted 3,500 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 of the restricted stock units will vest on February 24, 2020.

SEC source: 0001144204-19-010295 · tv514806_4.xml · nonDerivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,166

F4 · price: The reporting person's restricted stock units reported in this report vested on February 24, 2019. Pursuant to the Company's 2015 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: 0001144204-19-010295 · tv514806_4.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,581

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: 0001144204-19-010293 · tv514804_4.xml · derivative · entry 9

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,625

Underlying: Common Stock, par value $0.001 per share · 1,625 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.

F7 · derivative.exercise_date: On February 24, 2016, the reporting person was granted 6,500 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units will became vested on February 24, 2019, and the remaining balance of 25 percent of the restricted stock units will vest on February 24, 2020.

F7 · derivative.expiration_date: On February 24, 2016, the reporting person was granted 6,500 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units will became vested on February 24, 2019, and the remaining balance of 25 percent of the restricted stock units will vest on February 24, 2020.

SEC source: 0001144204-19-010293 · tv514804_4.xml · nonDerivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,125

F4 · price: The reporting person's restricted stock units reported in this report vested on February 24, 2019. Pursuant to the Company's 2015 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: 0001144204-19-010293 · tv514804_4.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,709

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: 0001144204-19-010291 · tv514802_4.xml · derivative · entry 11

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,375

Underlying: Common Stock, par value $0.001 per share · 9,375 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.

F9 · derivative.exercise_date: On February 24, 2016, the reporting person was granted 37,500 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 percent of the restricted stock units will vest on February 24, 2020.

F9 · derivative.expiration_date: On February 24, 2016, the reporting person was granted 37,500 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 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 percent of the restricted stock units will vest on February 24, 2020.

SEC source: 0001144204-19-010291 · tv514802_4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 258,292

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.