ExlService Holdings, Inc. 10-Q

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds Unregistered Sales of Equity Securities None. Use of Proceeds None. 56 Table of Contents Purchases of Equity Securities by the Issuer During the three months ended September 30, 2023, purchases of common stock were as follows: Shares Purchased from Employees in connection with satisfaction of Withholding Tax Obligations Shares Purchased as Part of Publicly Announced Programs Total Number of Shares Purchased Approximate Dollar Value of Shares That May Yet Be Purchased Under the Programs Period Number of Shares Purchased Average Price Paid per share Number of Shares Purchased Average Price Paid per share July 1, 2023 through July 31, 2023 — $ — 320,620 $ 31.19 320,620 $ 156,632,595 August 1, 2023 through August 31, 2023 — $ — 356,689 $ 28.04 356,689 $ 146,632,597 September 1, 2023 through September 30, 2023 45,267 $ 29.25 298,465 $ 28.94 343,732 $ 137,995,675 Total 45,267 $ 29.25 975,774 $ 29.35 1,021,041 $ — On October 5, 2021, our board of directors authorized a $300 million common stock repurchase program beginning January 1, 2022 (the “2022 Repurchase Program”). Under the 2022 Repurchase Program, shares may be purchased by us from time to time from the open market and through private transactions, or otherwise, as determined by our management as market conditions warrant. We have structured open market purchases under the 2022 Repurchase Program to comply with Rule 10b-18 under the Exchange Act. Repurchases may be discontinued at any time by management. ITEM 3. Defaults Upon Senior Securities None. ITEM 4. Mine Safety Disclosures Not applicable.