# EDGAR Filing Document

**Accession Number:** 0001297989
**File Stem:** 0001373630-23-000002
**Filing Date:** 2023-2
**Character Count:** 7569
**Document Hash:** 3dcc98d10e97cdd87330da469ea94991
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001373630-23-000002.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001373630-23-000002

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230130

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Kapoor Rohit
- **CENTRAL INDEX KEY:** 0001373630

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33089
- **FILM NUMBER:** 23577716

**MAIL ADDRESS:**
- **STREET 1:** C/O EXLSERVICE HOLDINGS, INC.
- **STREET 2:** 320 PARK AVENUE 29TH FL
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ExlService Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001297989
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **IRS NUMBER:** 820572194
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 320 PARK AVENUE
- **STREET 2:** 29TH FLOOR
- **CITY:** NEW YORK
- **STATE:** X1
- **ZIP:** 10022
- **BUSINESS PHONE:** (212) 277-7100

**MAIL ADDRESS:**
- **STREET 1:** 320 PARK AVENUE
- **STREET 2:** 29TH FLOOR
- **CITY:** NEW YORK
- **STATE:** X1
- **ZIP:** 10022

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Kapoor Rohit<br><sub>(Last) (First) (Middle)</sub><br>320 PARK AVENUE, 29TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10022<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-30 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO & Vice Chairman_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ExlService Holdings, Inc. [ EXLS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock, par value $0.001 per share | 2023-01-30 |  | M |  | 63990 | A | 0<sup>(1)</sup> | 237319 | D |  |
| Common Stock, par value $0.001 per share | 2023-01-31 |  | J<sup>(2)</sup> |  | 36000 | D | $0 | 201319 | D |  |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 133185<sup>(2)</sup> | I | See Footnote<sup>(3)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 40219 | I | See Footnote<sup>(4)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 177134 | I | See Footnote<sup>(5)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 84000 | I | See Footnote<sup>(6)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 84000 | I | See Footnote<sup>(7)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) 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 20, 2020. Such shares of Common Stock were deemed earned on January 30, 2023 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, 2022.

(2) On January 31, 2023, the reporting person deposited 36,000 shares of Common Stock to an irrevocable trust. In exchange for the shares, the reporting person received from the trust assets of equal value. The deposit of shares to the trust resulted in an increase in the number of shares the reporting person beneficially owns indirectly through such trust and a corresponding decrease in the number of shares the reporting person beneficially owns directly.

(3) Owned by the Rohit Kapoor 2016 Family Trust.

(4) Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2013 GRAT.

(5) Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2005 GRAT.

(6) Owned by the Shikha Kapoor 2005 Family Trust.

(7) Owned by the Rohit Kapoor Spousal Lifetime Access Trust.

**Signature:** /s/ Lazbart Oseni, Attorney-in-Fact  
**Date:** 2023-02-01

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**