EXL president sells 12,000 shares under plan

ExlService Holdings president Vikas Bhalla reported an open-market sale of 12,000 shares of common stock at $26.47 per share.

Accepted by SEC EDGAR 07/02/2026 - 04:01 PM EDT

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Form Type

Rhea-AI Filing Summary

ExlService Holdings president Vikas Bhalla reported an open-market sale of 12,000 shares of common stock at $26.47 per share. Following this transaction, he directly holds 141,295 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan entered into on March 4, 2026.

Insider Trade Summary 10b5-1

Net Seller: 12,000 shares

Net Sell 1 txn

Insider Bhalla Vikas

Role President of EXL

Sold 12,000 shs ($318K)

Share of Position Sold 7.8%

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.001 per share	12,000	$26.47	$318K

Holdings After Transaction: Common Stock, par value $0.001 per share — 141,295 shares (Direct)

Holdings Before and After: Common Stock, par value $0.001 per share, 153,295 to 141,295 shares (Direct)

Footnotes (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: 12,000 shares Sale price: $26.47 per share Shares held after transaction: 141,295 shares +2 more

5 metrics

Shares sold 12,000 shares Open-market sale of common stock

Sale price $26.47 per share Price for common stock sale on July 1, 2026

Shares held after transaction 141,295 shares Direct ownership following reported sale

Transaction type Open-market sale (Code S) Non-derivative common stock transaction

Trading plan date March 4, 2026 Date Rule 10b5-1 plan was entered into

Key Terms

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

3 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": "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.

FAQ

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

What did EXLService Holdings (EXLS) president Vikas Bhalla report in this Form 4?

He reported selling 12,000 shares of ExlService common stock in an open-market transaction at $26.47 per share. After the sale, he continues to hold 141,295 shares directly, indicating he retains a substantial equity position in the company.

Was the EXLS insider sale by Vikas Bhalla part of a trading plan?

Yes. The sale was made pursuant to a pre-arranged Rule 10b5-1 trading plan entered into on March 4, 2026. Such plans allow insiders to schedule trades in advance, helping separate personal trading decisions from nonpublic information.

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

After selling 12,000 shares, Vikas Bhalla directly holds 141,295 shares of ExlService common stock. This remaining stake, as disclosed in the Form 4, shows he continues to maintain significant direct ownership in the company following the transaction.

What price did EXLS president Vikas Bhalla receive for the shares sold?

He sold 12,000 shares of ExlService common stock at an average price of $26.47 per share. This price was reported for the open-market sale on July 1, 2026, under his previously adopted Rule 10b5-1 trading plan.

Does the Form 4 indicate any derivative transactions for EXLS insider Vikas Bhalla?

No. The filing only reports a non-derivative transaction involving common stock. There are no option exercises, conversions, or other derivative transactions listed, and the derivative position summary in the data is shown as empty for this reporting period.

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

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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).

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

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)
07/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	07/01/2026		S		12,000	D	$26.47⁽¹⁾	141,295	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	07/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR