ExlService Holdings (EXLS) CFO adds 606 ESPP shares

Rhea-AI Filing Summary

ExlService Holdings, Inc. reports that Executive Vice President & CFO Maurizio Nicolelli acquired 606.0000 shares of common stock on June 30, 2026 at $23.2700 per share. The exempt purchase, made through the 2022 Employee Stock Purchase Plan, increased his direct holdings to 254975.0000 shares.

Insider Trade Summary

Net Buyer: 606 shares

Net Buy 1 txn

Insider Nicolelli Maurizio

Role Executive Vice President & CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share F1	606	$23.27	$14K

Holdings After Transaction: Common Stock, par value $0.001 per share — 254,975 shares (Direct)

Footnotes (1)

1. F1. The reporting person is voluntarily reporting the exempt acquisition of shares of ExlService Holdings, Inc.'s common stock pursuant to the ExlService Holdings, Inc. 2022 Employee Stock Purchase Plan.

Key Figures

Shares acquired: 606.0000 shares Acquisition price per share: 23.2700 per share Shares owned after transaction: 254975.0000 shares

3 metrics

Shares acquired 606.0000 shares Grant/award acquisition on June 30, 2026 under ESPP

Acquisition price per share 23.2700 per share Price for exempt ESPP acquisition by CFO

Shares owned after transaction 254975.0000 shares Direct holdings of CFO following reported acquisition

Key Terms

Employee Stock Purchase Plan, exempt acquisition, par value

3 terms

Employee Stock Purchase Plan financial

"pursuant to the ExlService Holdings, Inc. 2022 Employee Stock Purchase Plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

exempt acquisition regulatory

"voluntarily reporting the exempt acquisition of shares of ExlService Holdings, Inc.'s common stock"

par value financial

"Common Stock, par value $0.001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/21/2026 - 04:56 PM Accepted by SEC EDGAR 07/21/2026 - 04:55 PM Learn about SEC filing dates

FAQ

What insider transaction did ExlService Holdings (EXLS) report in this Form 4?

ExlService Holdings reported that Executive Vice President & CFO Maurizio Nicolelli acquired 606 shares of common stock on June 30, 2026 at $23.27 per share. The award was an exempt acquisition under the 2022 Employee Stock Purchase Plan, raising his direct holdings to 254,975 shares.

How many ExlService (EXLS) shares does CFO Maurizio Nicolelli own after this transaction?

After this exempt acquisition, Executive Vice President & CFO Maurizio Nicolelli directly owns 254,975 shares of ExlService common stock. This total reflects the addition of 606 shares purchased through the company’s 2022 Employee Stock Purchase Plan on June 30, 2026.

At what price did the ExlService (EXLS) CFO acquire the 606 shares?

The 606 shares of ExlService common stock were acquired at $23.27 per share. The filing identifies this as a grant or award-type acquisition, executed through the 2022 Employee Stock Purchase Plan, and characterizes it as an exempt transaction voluntarily reported by the insider.

Was the ExlService (EXLS) CFO’s share acquisition made under a Rule 10b5-1 trading plan?

The filing indicates the transaction was not affirmed under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox is unchecked, and the footnote describes the event only as an exempt acquisition under the 2022 Employee Stock Purchase Plan, with no reference to any trading plan.

What plan did the ExlService (EXLS) CFO use to acquire these shares?

The acquisition was made pursuant to ExlService’s 2022 Employee Stock Purchase Plan. A footnote states that the reporting person is voluntarily reporting the exempt acquisition of common shares under this plan, clarifying that it is a compensation-related stock purchase rather than an open-market trade.

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).

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^*

Nicolelli Maurizio

(Last) (First) (Middle)

EXLSERVICE HOLDINGS INC

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)
	Executive Vice President & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		A(1)		606	A	$23.27	254,975	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. The reporting person is voluntarily reporting the exempt acquisition of shares of ExlService Holdings, Inc.'s common stock pursuant to the ExlService Holdings, Inc. 2022 Employee Stock Purchase Plan.

Remarks:

Mr. Ayyappan is the Company's General Counsel.

	/s/ Ajay Ayyappan, Attorney-in-Fact	07/21/2026
	** 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)