ExlService president sells 10,000 shares under plan

ExlService’s President reported a pre-planned sale of 10,000 EXLS shares at $38.17, leaving 120,295 shares held directly.

Rhea-AI Filing Summary

ExlService Holdings, Inc. (EXLS) reported that Bhalla Vikas, President of EXL, sold 10,000 shares of common stock on September 1, 2026 in an open-market or private transaction at $38.17 per share. After this sale, he directly held 120,295 shares of ExlService common stock.

The sale was made pursuant to a Rule 10b5-1 trading plan that he had previously entered into on March 4, 2026, indicating the transactions were pre-arranged under that plan.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares

Net Sell 1 txn

Insider Bhalla Vikas

Role President of EXL

Sold 10,000 shs ($382K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.001 per share F1	10,000	$38.17	$382K

Holdings After Transaction: Common Stock, par value $0.001 per share — 120,295 shares (Direct)

Footnotes (1)

1. F1. This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026.

Key Figures

Shares sold: 10,000 shares Sale price per share: $38.17 per share Shares held after transaction: 120,295 shares +1 more

4 metrics

Shares sold 10,000 shares Common stock sale by President Bhalla Vikas on September 1, 2026

Sale price per share $38.17 per share Price for the 10,000 common shares sold on September 1, 2026

Shares held after transaction 120,295 shares Direct holdings of Bhalla Vikas after the September 1, 2026 sale

Rule 10b5-1 plan adoption date March 4, 2026 Date the trading plan governing the reported sale was entered into

Key Terms

Rule 10b5-1 plan, open market or private transaction, common stock, par value $0.001 per share

3 terms

Rule 10b5-1 plan regulatory

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

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

open market or private transaction market

"The sale of 10,000 shares was reported as a sale in an open market or private transaction."

common stock, par value $0.001 per share financial

"The transaction involved common stock, par value $0.001 per share, of ExlService Holdings, Inc."

FAQ

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

What insider transaction did EXLS report for its President Bhalla Vikas?

ExlService Holdings, Inc. reported that President Bhalla Vikas sold 10,000 shares of common stock on September 1, 2026 in an open-market or private transaction at $38.17 per share under a Rule 10b5-1 trading plan.

How many EXLS shares does Bhalla Vikas hold after the reported sale?

After the sale on September 1, 2026, Bhalla Vikas directly held 120,295 shares of ExlService Holdings, Inc. common stock, as reported in the Form 4 filing.

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

Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan previously entered into by Bhalla Vikas on March 4, 2026, indicating the trades were pre-arranged under that plan.

What price did the EXLS insider receive per share in the September 1, 2026 sale?

The Form 4 reports that the 10,000 ExlService Holdings, Inc. shares sold by Bhalla Vikas on September 1, 2026 were transacted at a price of $38.17 per share.

What role does the reporting person hold at ExlService Holdings, Inc. (EXLS)?

The reporting person, Bhalla Vikas, is identified in the filing as the President of EXL, which is ExlService Holdings, Inc.

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

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Available on EDGAR 09/03/2026 - 04:02 PM EDT Accepted by SEC EDGAR 09/03/2026 - 04:01 PM EDT Learn about SEC filing dates

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)
09/01/2026

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	09/01/2026		S		10,000	D	$38.17(1)	120,295	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	09/03/2026
	** 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)