ExlService President Vikas Bhalla sells 11,000 shares

The reported sale was made under a Rule 10b5-1 plan Vikas Bhalla entered into on March 4, 2026.

Available on EDGAR 11/03/2026 - 01:16 PM EST Accepted by SEC EDGAR 11/03/2026 - 01:16 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

ExlService Holdings, Inc. (EXLS) President of EXL Vikas Bhalla sold 11,000 shares of common stock on November 2, 2026, at $41.22 per share. The sale was made under a Rule 10b5-1 plan he entered into on March 4, 2026. After the sale, he directly held 98,295 shares.

Insider Trade Summary 10b5-1

Net Seller: 11,000 shares

Net Sell 1 txn

Insider Bhalla Vikas

Role President of EXL

Sold 11,000 shs ($453K)

Share of Position Sold 10.1%

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.001 per share F1	11,000	$41.22	$453K

Holdings After Transaction: Common Stock, par value $0.001 per share — 98,295 shares (Direct)

Holdings Before and After: Common Stock, par value $0.001 per share, 109,295 to 98,295 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: 11,000 shares Sale price: $41.22 per share Direct shares held after sale: 98,295 shares

3 metrics

Shares sold 11,000 shares November 2, 2026

Sale price $41.22 per share November 2, 2026

Direct shares held after sale 98,295 shares After the November 2, 2026 sale

Key Terms

10b5-1 plan, par value

2 terms

10b5-1 plan regulatory

"made pursuant to a 10b5-1 plan"

A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.

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.

FAQ

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

How many EXLS shares did Vikas Bhalla sell, and at what price?

Vikas Bhalla, President of EXL, sold 11,000 shares of EXLS common stock at $41.22 per share on November 2, 2026. The sale was under a Rule 10b5-1 plan entered into on March 4, 2026.

How many EXLS shares did Vikas Bhalla hold after the sale?

After the sale, Vikas Bhalla directly held 98,295 shares of common stock.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
11/02/2026

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	11/02/2026		S		11,000	D	$41.22(1)	98,295	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	11/03/2026
	** 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)