Vikas Bhalla - 31 Dec 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
President of EXL
Signature
/s/ Ajay Ayyappan, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
31 Dec 2025
Net transactions value
+$340,846
Form type
4
Filing time
05 Jan 2026, 17:49:28 UTC
Previous filing
04 Dec 2025
Next filing
23 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bhalla Vikas President of EXL 320 PARK AVENUE, 29TH FLOOR, NEW YORK /s/ Ajay Ayyappan, Attorney-in-Fact 05 Jan 2026 0001373633

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $595,294 +13,925 +12% $42.75 129,197 31 Dec 2025 Direct
transaction EXLS Common Stock, par value $0.001 per share Tax liability $254,448 -5,952 -4.6% $42.75 123,245 31 Dec 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EXLS Restricted Stock Units Options Exercise $0 -13,925 -67% $0.000000 6,960 31 Dec 2025 Common Stock, par value $0.001 per share 13,925 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units received under a share matching plan in connection with the officer's purchase of common stock, par value $0.001 per share of ExlService Holdings, Inc.
F2 On March 31, 2022, the reporting person was granted 20,885 restricted stock units, after adjustment for the 5-for-1 forward stock split, effective August 1, 2023, vesting in two installment installments beginning on the second anniversary of the grant date. 33% of the restricted stock units became vested on March 31, 2024, and the remaining balance of 67% of the restricted stock units became vested on March 31, 2025.

Remarks:

Mr. Ayyappan is the Company's General Counsel.