Ajay Ayyappan sells 8,114 and 2,275 EXLS shares (EXLS)

Rhea-AI Filing Summary

Ajay Ayyappan reported the sale of common stock transactions. The filing lists a sale of 8,114 shares on 01/27/2026 for $285,588.95 and a sale of 2,275 shares on 02/18/2026 for $68,978.00. The filing also records restricted stock vesting on 02/20/2026 tied to compensation.

Insights

Corporate Governance Analyst

Two insider dispositions by Ajay Ayyappan are disclosed, with vesting noted separately.

These entries list discrete sales of 8,114 shares on 01/27/2026 for $285,588.95 and 2,275 shares on 02/18/2026 for $68,978.00. A separate line shows restricted stock vesting on 02/20/2026 under compensation.

Timing and amounts are explicit in the entries; whether sales were open‑market, plan‑driven, or for tax/other purposes is not stated. Subsequent filings may clarify the method or rationale.

02/23/2026 - 09:41 AM

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	1197	35658.63	158700885	02/23/2026	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	02/20/2026	Restricted Stock Vesting	Issuer			1197	02/20/2026	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	01/27/2026	8114	285588.95
Ajay Ayyappan 320 Park Avenue 29th Floor New York NY 10022	Common	02/18/2026	2275	68978.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 shares did Ajay Ayyappan sell in the EXLS Form 144?

He sold 8,114 shares on 01/27/2026 and 2,275 shares on 02/18/2026. The filing shows proceeds of $285,588.95 and $68,978.00, respectively, tied to those sale dates.

Does the Form 144 show any vested shares for EXLS?

Yes — restricted stock vesting is recorded on 02/20/2026. The entry is labeled "Restricted Stock Vesting" and is tied to compensation, separate from the sale entries.

Who is the broker or broker-dealer involved in these EXLS transactions?

Fidelity Brokerage Services LLC is listed as a broker-dealer. The filing includes an address for Fidelity at 900 Salem Street, Smithfield, RI, associated with the securities information.

Are the sale amounts in dollars disclosed in the filing?

Yes — the filing shows dollar amounts for each reported sale. The 01/27/2026 sale lists $285,588.95 and the 02/18/2026 sale lists $68,978.00 as the reported proceeds.

Is the method of sale (open-market vs. plan) specified in the Form 144?

The filing does not specify the sale method for the reported transactions. The entries list dates, share counts, and dollar amounts but do not describe whether sales were open‑market, through a plan, or otherwise.