ExlService officer proposes $453K share sale

The notice also lists three prior common-stock sales by Vikas Bhalla from August through October 2026.

Available on EDGAR 11/02/2026 - 11:09 AM EST Accepted by SEC EDGAR 11/02/2026 - 11:09 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

ExlService Holdings, Inc. officer Vikas Bhalla reported a proposed sale of 11,000 common shares through Fidelity Brokerage Services LLC, with an aggregate market value of $453,420 and an approximate sale date of November 2, 2026. The notice also lists sales of 11,000 shares on August 3, 2026, 10,000 shares on September 1, 2026, and 11,000 shares on October 1, 2026.

Key Figures

Proposed sale: 11,000 shares Aggregate market value: $453,420 Shares sold: 11,000 shares +5 more

8 metrics

Proposed sale 11,000 shares Common shares; approximate sale date November 2, 2026

Aggregate market value $453,420 Proposed sale of common shares

Shares sold 11,000 shares August 3, 2026

Aggregate market value $384,890 Shares sold August 3, 2026

Shares sold 10,000 shares September 1, 2026

Aggregate market value $381,700 Shares sold September 1, 2026

Shares sold 11,000 shares October 1, 2026

Aggregate market value $389,180 Shares sold October 1, 2026

Key Terms

Rule 144, Restricted Stock Vesting, attorney-in-fact

3 terms

Rule 144 regulatory

"the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Vesting financial

"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.

attorney-in-fact regulatory

"as attorney-in-fact for Vikas Bhalla"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many EXLS shares is Vikas Bhalla planning to sell?

Vikas Bhalla reported a proposed sale of 11,000 common shares, with an aggregate market value of $453,420 and an approximate sale date of November 2, 2026. Fidelity Brokerage Services LLC is listed as the broker.

What EXLS shares did Vikas Bhalla sell in the prior three months?

The notice lists sales of 11,000 shares for $384,890 on August 3, 2026, 10,000 shares for $381,700 on September 1, 2026, and 11,000 shares for $389,180 on October 1, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001373633
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ExlService Holdings, Inc.
SEC File Number	001-33089
Address of Issuer	320 PARK AVENUE 29TH FLOOR NEW YORK NEW YORK 10022
Phone	(212) 277-7100
Name of Person for Whose Account the Securities are To Be Sold	Bhalla Vikas
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	Officer

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	11000	453420.00	150788731	11/02/2026	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	02/16/2025	Restricted Stock Vesting	Issuer			2161	02/16/2025	Compensation
Common	02/17/2025	Restricted Stock Vesting	Issuer			5596	02/17/2025	Compensation
Common	02/27/2025	Restricted Stock Vesting	Issuer			3243	02/27/2025	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
Vikas Bhalla 320 Park Avenue 29th Floor New York NY 10022	Common	08/03/2026	11000	384890.00
Vikas Bhalla 320 Park Avenue 29th Floor New York NY 10022	Common	09/01/2026	10000	381700.00
Vikas Bhalla 320 Park Avenue 29th Floor New York NY 10022	Common	10/01/2026	11000	389180.00

144: Remarks and Signature

Remarks
Date of Notice	11/02/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/04/2026
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	/s/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Vikas Bhalla
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)