EXLS (NASDAQ: EXLS) files Form 144 notice for 5,093 common shares

Rhea-AI Filing Summary

EXLS filed a Form 144 notice reporting the proposed sale of 5,093 shares of Common Stock related to restricted stock vesting on 01/21/2026.

The filing also discloses two reported dispositions by Ajay Ayyappan in the prior three months: 1,197 shares sold on 02/23/2026 for $35,658.63 and 1,679 shares sold on 03/02/2026 for $51,024.81. Shares outstanding are listed as 152,782,931 as of 05/20/2026.

Insights

Corporate Counsel

Form 144 notice lists a small, vested-share sale and recent insider dispositions.

The filing reports 5,093 shares available for sale due to restricted stock vesting dated 01/21/2026. It records prior open-market dispositions by Ajay Ayyappan of 1,197 and 1,679 shares on 02/23/2026 and 03/02/2026, respectively.

Cash amounts for those sales are shown as $35,658.63 and $51,024.81. The filing lists total shares outstanding as 152,782,931 as of 05/20/2026. Timing and distribution methods for the proposed 5,093-share sale are not detailed in the provided excerpt.

Key Figures

Proposed sale: 5,093 shares Insider sale 1: 1,197 shares Insider sale 2: 1,679 shares +1 more

4 metrics

Proposed sale 5,093 shares restricted stock vesting on <date>01/21/2026</date>

Insider sale 1 1,197 shares sold on <date>02/23/2026</date> for <money>$35,658.63</money>

Insider sale 2 1,679 shares sold on <date>03/02/2026</date> for <money>$51,024.81</money>

Shares outstanding 152,782,931 shares as of <date>05/20/2026</date>

Key Terms

Form 144, Restricted Stock Vesting, Securities To Be Sold

3 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock Vesting financial

"Common | 01/21/2026 | Restricted Stock Vesting"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

Securities To Be Sold regulatory

"144: Securities To Be Sold | Common | 01/21/2026"

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	5093	148257.23	152782931	05/20/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/21/2026	Restricted Stock Vesting	Issuer			5093	01/21/2026	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Ajay Ayyappan 320 Park Avenue 29th Floor New York NY 10022	Common	02/23/2026	1197	35658.63
Ajay Ayyappan 320 Park Avenue 29th Floor New York NY 10022	Common	03/02/2026	1679	51024.81

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does EXLS's Form 144 report?

The filing reports a proposed sale of 5,093 shares of Common Stock tied to restricted stock vesting on 01/21/2026. It lists prior insider sales and an outstanding share count as of 05/20/2026.

Who recently sold EXLS shares and how many?

Ajay Ayyappan reported two recent dispositions: 1,197 shares sold on 02/23/2026 and 1,679 shares sold on 03/02/2026, with proceeds disclosed in the filing.

How much cash did the recent insider sales generate?

The two reported sales generated $35,658.63 and $51,024.81, as shown for the 02/23/2026 and 03/02/2026 transactions, respectively.

What is the total share count reported in the filing?

The filing lists total shares outstanding as 152,782,931 as of 05/20/2026. This number appears on the securities information row in the provided excerpt.