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. 53 Table of Contents Purchases of Equity Securities by the Issuer During the three months ended June 30, 2024, 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 Plans or Programs Period Number of Shares Purchased Average Price Paid per share Number of Shares Purchased Average Price Paid per share April 1, 2024 through April 30, 2024 — $ — — $ — — $ 375,000,000 May 1, 2024 through May 31, 2024 — $ — — $ — — $ 375,000,000 June 1, 2024 through June 30, 2024 — $ — 297,353 $ 29.67 297,353 $ 366,176,899 Total — $ — 297,353 $ 29.67 297,353 $ — On October 5, 2021, our board of directors authorized a $300 million (excluding excise tax) common stock repurchase program beginning January 1, 2022 (the “2022 Repurchase Program”). On February 26, 2024, our board of directors authorized a $500 million (excluding excise tax) common stock repurchase program beginning March 1, 2024 (the “2024 Repurchase Program”), and terminated the 2022 Repurchase Program on February 29, 2024. Under our two repurchase programs, 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 our two repurchase programs 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.