Vikas Bhalla plans $381,700 ExlService stock sale

ExlService Holdings, Inc. (EXLS) is the issuer of common stock for which Vikas Bhalla has filed a Rule 144 notice to sell shares held at Fidelity Brokerage Services LLC.

Rhea-AI Filing Summary

ExlService Holdings, Inc. (EXLS) is the issuer of common stock for which Vikas Bhalla has filed a Rule 144 notice to sell shares held at Fidelity Brokerage Services LLC. The planned sale covers 10,000 shares of common stock with an aggregate market value of $381,700.00.

The shares to be sold were acquired from the issuer on 01/27/2025 as restricted stock vesting granted as compensation. Over the past three months, Vikas Bhalla reported sales of EXLS common stock on 06/04/2026 (12,000 shares for $362,640.00), 07/01/2026 (12,000 shares for $317,640.00), and 08/03/2026 (11,000 shares for $384,890.00).

Key Figures

Planned shares to be sold: 10,000 shares Aggregate market value of planned sale: $381,700.00 Shares sold 06/04/2026: 12,000 shares +5 more

8 metrics

Planned shares to be sold 10,000 shares Common stock to be sold under Rule 144

Aggregate market value of planned sale $381,700.00 Aggregate market value of 10,000 common shares

Shares sold 06/04/2026 12,000 shares Common stock sale by Vikas Bhalla on 06/04/2026

Proceeds 06/04/2026 $362,640.00 Total value of common stock sold on 06/04/2026

Shares sold 07/01/2026 12,000 shares Common stock sale by Vikas Bhalla on 07/01/2026

Proceeds 07/01/2026 $317,640.00 Total value of common stock sold on 07/01/2026

Shares sold 08/03/2026 11,000 shares Common stock sale by Vikas Bhalla on 08/03/2026

Proceeds 08/03/2026 $384,890.00 Total value of common stock sold on 08/03/2026

Key Terms

Rule 144, restricted stock vesting, attorney-in-fact, aggregate market value

4 terms

Rule 144 regulatory

"See 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

"Common | 01/27/2025 | Restricted Stock Vesting | Issuer"

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.

aggregate market value financial

"Common | Fidelity Brokerage Services LLC ... | 10000 | 381700.00"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

What does the Form 144 filing disclose for EXLS?

The filing discloses that Vikas Bhalla intends to sell 10,000 shares of ExlService Holdings, Inc. common stock under Rule 144, with an aggregate market value of $381,700.00, from shares acquired via restricted stock vesting on 01/27/2025 as compensation.

How many EXLS shares is Vikas Bhalla planning to sell under this Form 144?

Vikas Bhalla plans to sell 10,000 shares of ExlService Holdings, Inc. common stock. These shares are held at Fidelity Brokerage Services LLC and have an aggregate market value reported as $381,700.00 in the notice.

When and how were the EXLS shares to be sold acquired by Vikas Bhalla?

The 10,000 EXLS shares to be sold were acquired on 01/27/2025 through restricted stock vesting from the issuer as compensation. The filing identifies the transaction type as “Restricted Stock Vesting” and the acquisition source as the issuer.

What EXLS stock sales has Vikas Bhalla made in the last three months?

The filing lists three EXLS sales by Vikas Bhalla: 12,000 shares for $362,640.00 on 06/04/2026, 12,000 shares for $317,640.00 on 07/01/2026, and 11,000 shares for $384,890.00 on 08/03/2026.

Who is executing the planned EXLS share sale for Vikas Bhalla?

The planned sale of EXLS shares will be executed through Fidelity Brokerage Services LLC. The Form 144 is signed by Jennifer Ruchti as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Vikas Bhalla.

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

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Available on EDGAR 09/01/2026 - 01:21 PM EDT Accepted by SEC EDGAR 09/01/2026 - 01:21 PM EDT Learn about SEC filing dates

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	10000	381700.00	151612499	09/01/2026	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	01/27/2025	Restricted Stock Vesting	Issuer			10000	01/27/2025	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	06/04/2026	12000	362640.00
Vikas Bhalla 320 Park Avenue 29th Floor New York NY 10022	Common	07/01/2026	12000	317640.00
Vikas Bhalla 320 Park Avenue 29th Floor New York NY 10022	Common	08/03/2026	11000	384890.00

144: Remarks and Signature

Remarks
Date of Notice	09/01/2026
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/ Jennifer Ruchti, 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)