[Form 4] ExlService Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

ExlService Holdings (EXLS) reported an insider transaction by Chairman & CEO Rohit Kapoor. On 11/05/2025, he made a bona fide gift of 1,250 shares of common stock at $0 (transaction code G). Following this transaction, he beneficially owns 995,680 shares directly.

He also reports indirect holdings through family trusts, including 885,670 shares and 665,925 shares, among other positions held via the listed trusts.

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

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

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^*

Kapoor Rohit

(Last) (First) (Middle)

320 PARK AVENUE, 29TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2025

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

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

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

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	11/05/2025		G		1,250	D	$0	995,680	D(1)
Common Stock, par value $0.001 per share								885,670	I	See Footnote(2)
Common Stock, par value $0.001 per share								420,000	I	See Footnote(3)
Common Stock, par value $0.001 per share								420,000	I	See Footnote(4)
Common Stock, par value $0.001 per share								665,925	I	See Footnote(5)
Common Stock, par value $0.001 per share								201,095	I	See footnote(6)

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. Owned by Rohit Kapoor.

2. Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2005 GRAT.

3. Owned by the Rohit Kapoor Spousal Lifetime Access Trust.

4. Owned by the Shikha Kapoor 2005 Family Trust.

5. Owned by the Rohit Kapoor 2016 Family Trust

6. Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2013 GRAT.

Remarks:

Mr. Ayyappan is the Company's General Counsel

	/s/ Ajay Ayyappan, Attorney-in-Fact	11/07/2025
	** 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.

FAQ

What did EXLS CEO Rohit Kapoor report on Form 4?

He reported a gift of 1,250 shares of common stock on 11/05/2025 at $0 (code G).

How many EXLS shares does Rohit Kapoor own directly after the transaction?

He beneficially owns 995,680 shares directly following the reported transaction.

What is the transaction code and what does it mean?

The code is G, which indicates a bona fide gift of securities.

Does Rohit Kapoor have indirect ownership in EXLS?

Yes. He reports indirect holdings through family trusts, including 885,670 shares and 665,925 shares, among others.

What is Rohit Kapoor’s role and relationship to EXLS?

He is a Director and serves as Chairman & CEO of ExlService Holdings, Inc.

Who signed the Form 4 filing for EXLS?

It was signed by /s/ Ajay Ayyappan as Attorney-in-Fact.