Rule 10b5-1 sale by ExlService (NASDAQ: EXLS) president Bhalla

Rhea-AI Filing Summary

ExlService Holdings president Vikas Bhalla reported an open-market sale of 12,000 shares of common stock at $30.22 per share on June 4, 2026. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. After this sale, he directly holds 153,295 shares.

Insider Trade Summary 10b5-1

Net Seller: 12,000 shares ($362,640)

Net Sell 1 txn

Insider Bhalla Vikas

Role President of EXL

Sold 12,000 shs ($363K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.001 per share	12,000	$30.22	$363K

Holdings After Transaction: Common Stock, par value $0.001 per share — 153,295 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 12,000 shares Sale price: $30.22 per share Shares held after: 153,295 shares +2 more

5 metrics

Shares sold 12,000 shares Open-market sale on June 4, 2026

Sale price $30.22 per share Price for EXLS common stock in the reported sale

Shares held after 153,295 shares Direct holdings following the June 4, 2026 transaction

Transaction code S Denotes an open-market or private sale

Plan adoption date March 4, 2026 Date the Rule 10b5-1 plan was entered into

Key Terms

Rule 10b5-1, open-market sale, Common Stock, par value $0.001 per share, Form 4

4 terms

Rule 10b5-1 regulatory

"This sale was made pursuant to a 10b5-1 plan previously entered into"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open-market sale financial

"transaction_action is described as an open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock, par value $0.001 per share financial

"security_title is Common Stock, par value $0.001 per share"

Form 4 regulatory

"reported in a Form 4 insider trading report"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bhalla Vikas

(Last) (First) (Middle)

320 PARK AVENUE, 29TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ExlService Holdings, Inc. [ EXLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President of EXL

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	06/04/2026		S		12,000	D	$30.22(1)	153,295	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026.

Remarks:

Mr. Ayyappan is the Company's General Counsel.

	/s/ Ajay Ayyappan, Attorney-in-Fact	06/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did EXLS executive Vikas Bhalla report?

Vikas Bhalla reported selling 12,000 EXLS shares. He executed an open-market sale of common stock at $30.22 per share on June 4, 2026, as disclosed in a Form 4 insider trading report.

At what price did Vikas Bhalla sell ExlService (EXLS) shares?

Bhalla sold EXLS shares at $30.22 each. The Form 4 states he disposed of 12,000 shares of common stock in an open-market transaction at a price of $30.22 per share on June 4, 2026.

How many ExlService (EXLS) shares does Vikas Bhalla hold after the sale?

Bhalla holds 153,295 EXLS shares after the sale. Following the 12,000-share open-market disposition, his directly owned common stock position is reported as 153,295 shares, according to the Form 4 filing.

Was the EXLS insider sale by Vikas Bhalla under a Rule 10b5-1 plan?

Yes, the sale was under a Rule 10b5-1 plan. A footnote explains the 12,000-share transaction was executed pursuant to a pre-arranged 10b5-1 trading plan that Bhalla entered into on March 4, 2026.

What type of security did Vikas Bhalla trade in the EXLS Form 4?

He traded ExlService common stock. The Form 4 specifies the security as common stock with a par value of $0.001 per share, involved in an open-market sale transaction recorded on June 4, 2026.