Vikas Bhalla - 26 Jan 2026 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
26 Jan 2026
Net transactions value
-$591,673
Form type
4
Filing time
28 Jan 2026, 17:10:15 UTC
Previous filing
23 Jan 2026
Next filing
19 Feb 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 28 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 Award $0 +12,265 +9.6% $0.000000 139,840 26 Jan 2026 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $203,990 -4,784 -3.4% $42.64 135,056 26 Jan 2026 Direct F1, F2
transaction EXLS Common Stock, par value $0.001 per share Award $0 +23,312 +17% $0.000000 158,368 26 Jan 2026 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $387,683 -9,092 -5.7% $42.64 149,276 26 Jan 2026 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 15, 2023. Such shares of Common Stock were deemed earned on January 26, 2026, based on the Compensation and Talent Management 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, 2025.
F2 Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs 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.

Remarks:

Mr. Ayyappan is the Company's General Counsel.