Every Form 4 that ExlService Holdings, Inc. (EXLS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow EXLS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EXLS filings page.
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.
ExlService Holdings, Inc. Executive Vice President Vishal Chhibbar reported selling 5,000 shares of common stock on August 11, 2026 at $35.10 per share in an open-market or private transaction. Following this sale, he directly holds 6,452 shares of ExlService common stock. The transaction was not reported as made under a Rule 10b5-1 trading plan.
Vikas Bhalla, President of ExlService Holdings, Inc., sold 11,000 shares of common stock on 2026-08-03 at $34.99 per share in a sale described as open market or private. The transaction was made under a 10b5-1 trading plan adopted on March 4, 2026, and he now directly holds 130,295 shares.
ExlService Holdings, Inc. Executive Vice President Narasimha Kini reported an exempt acquisition of 606 shares of common stock on 2026-06-30 at $23.27 per share, obtained through the company’s 2022 Employee Stock Purchase Plan. After this acquisition, he directly holds 212,354 shares of ExlService common stock.
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.
ExlService Holdings, Inc. president Vivek Jetley acquired 606 shares of common stock on June 30, 2026 at $23.27 per share in an exempt acquisition under the ExlService Holdings, Inc. 2022 Employee Stock Purchase Plan, increasing his direct holdings to 426,780 shares. The transaction was voluntarily reported and not marked as pursuant to a Rule 10b5-1 trading plan.
Mehta Kamini H reported acquisition or exercise transactions in this Form 4 filing.
ExlService Holdings, Inc. director Kamini H Mehta received a grant of 7,705 restricted stock units linked to the company’s common stock. Each unit represents a right to one share and vests upon the earlier of the first anniversary, specified board-term events, or a Change in Control, with settlement tied to defined separation or control-change triggers.
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.
Williamson Sarah K reported acquisition or exercise transactions in this Form 4 filing.
ExlService Holdings, Inc. director Sarah K. Williamson reported three awards of restricted stock units (RSUs) tied to the company’s common stock on June 16, 2026. The grants cover 1,711, 1,712, and 7,871 RSUs, each representing a right to receive one share upon settlement.
The RSUs have differing vesting schedules, including awards vested on the grant date, awards that vest on the earlier of the first anniversary of grant or certain board service events, and awards scheduled to vest by December 31, 2026 or upon a defined change in control. Settlement generally occurs upon the earlier of Williamson’s death, a qualifying change in control, or about 180 days after she ceases serving on the board.
Following these compensation-related grants, Williamson’s reported direct RSU holdings after individual awards include 34,342, 32,631, and 30,919 RSUs, indicating that these are ongoing equity-based incentives rather than open-market share purchases or sales.
PANDIT VIKRAM S reported acquisition or exercise transactions in this Form 4 filing.
ExlService Holdings, Inc. director Vikram S. Pandit received a grant of 11,293 restricted stock units, each representing one share of common stock upon settlement. Following this award, he now holds 84,378 shares-related units directly.
The restricted stock units vest on the earlier of the first anniversary of the grant date, the expiration of his Board term if not reelected, or a defined Change in Control under the company’s 2025 Omnibus Incentive Plan. Settlement occurs upon death, a qualifying Change of Control event, or generally within 180 days after he ceases serving on the Board.
Bartlett Thomas A reported acquisition or exercise transactions in this Form 4 filing.
ExlService Holdings director Thomas A. Bartlett received a grant of 7,871 restricted stock units (RSUs) on the company’s common stock. Each RSU represents the right to receive one share upon settlement, giving him 21,885 shares underlying RSUs after this award.
The RSUs vest on the earlier of the first anniversary of the grant date, the end of his current Board term if he is not re-elected, or a defined Change in Control under the company’s 2025 Omnibus Incentive Plan. They settle upon the earlier of his death, a Change of Control, or generally within 180 days after he ceases serving on the Board.
Geraghty Patrick reported acquisition or exercise transactions in this Form 4 filing.
ExlService Holdings, Inc. reported that director Patrick Geraghty received a grant of 7,871 restricted stock units. Each unit represents the right to receive one share of common stock upon settlement. Following this award, Geraghty holds 11,631 restricted stock units directly.
The units vest on the earlier of the first anniversary of the grant date, the end of his Board term if not re-elected, or a defined Change in Control under the company’s 2025 Omnibus Incentive Plan. Settlement occurs upon death, a qualifying Change of Control, or generally within 180 days after he ceases serving on the Board.
Pipes Kristy reported acquisition or exercise transactions in this Form 4 filing.
ExlService Holdings director Kristy Pipes received a grant of 7,871 restricted stock units, each tied to one common share. This award increases her directly held equity-related interests to 43,362 underlying shares. The RSUs vest after one year or earlier if her board service ends without re-election or if a change in control occurs, and settle in shares upon specified separation or change in control events.
Fibig Andreas reported acquisition or exercise transactions in this Form 4 filing.
ExlService Holdings director Andreas Fibig received 7,871 restricted stock units (RSUs) as an equity award. Each RSU represents a contingent right to receive one share of ExlService common stock, so this grant ties part of his compensation directly to the company’s future share performance.
The RSUs vest on the earlier of the first anniversary of the grant, the end of his current Board term if he is not re-elected, or a defined Change in Control under the 2025 Omnibus Incentive Plan. Settlement into shares occurs upon death, a qualifying Change of Control, or generally within 180 days after he ceases serving on the Board. Following this grant, Fibig holds 28,427 RSUs directly.
ExlService Holdings, Inc. Chairman and CEO Rohit Kapoor reported an internal share restructuring involving 865,000 shares of common stock on June 15, 2026. He contributed these shares to the Rohit Kapoor 2026 GRAT, a grantor retained annuity trust for his and certain family members’ benefit, for which he is sole trustee and sole annuitant.
The filing describes this as an exempt disposition and acquisition reported for future reconciliation, indicating an internal transfer rather than an open-market trade. Following the restructuring, Kapoor directly owns 457,214 shares of ExlService common stock, and the 2026 GRAT holds 865,000 shares as an indirect holding.
ExlService Holdings president Vikas Bhalla reported an open-market sale of 12,000 shares of common stock at $30.22 per share on June 4, 2026. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. After this sale, he directly holds 153,295 shares.
ExlService Holdings, Inc. executive Ajay Ayyappan, EVP & General Counsel/Corporate Secretary, reported an open-market sale of 5,093 shares of common stock at $29.11 per share. After this transaction, he directly holds 48,994 shares of ExlService common stock.
Singh Bhupender reported acquisition or exercise transactions in this Form 4 filing.
ExlService Holdings, Inc. reported that executive Bhupender Singh, President of International Growth Markets, received a grant of 77,170 restricted stock units. Each unit represents the right to receive one share of common stock upon settlement.
The restricted stock units will vest in four equal annual installments beginning on May 11, 2027, with potential accelerated vesting upon certain termination events and upon a Change in Control under the company’s 2025 Omnibus Incentive Plan. Following this grant, Singh is reported as directly holding 77,170 restricted stock units.
ExlService Holdings President Vivek Jetley reported equity compensation activity involving restricted stock units and common shares. On February 27, 2026, 9,579 restricted stock units converted into an equal number of common shares at a stated price of $0.00 per share, reflecting a derivative exercise under the company’s incentive plan.
On the same date, 5,298 common shares were disposed of at $30.99 per share to satisfy tax withholding obligations related to this vesting. Following these transactions, Jetley directly held 426,174 shares of common stock and 19,158 restricted stock units, which continue to vest in equal annual installments through February 27, 2028.
ExlService Holdings CHRO Pamela M. Harrison reported equity award activity. On February 27, 2026, 4,151 restricted stock units converted into an equal number of common shares at a stated price of $0.00 per share. These units convert to common stock on a one-for-one basis under the company’s plan.
On the same date, 2,159 common shares at $30.99 per share were surrendered to satisfy tax withholding obligations related to the award, rather than sold in an open‑market trade. After these transactions, she directly held 6,255 shares of common stock and 8,302 restricted stock units.
ExlService Holdings, Inc. President Vikas Bhalla reported equity award activity involving restricted stock units and common stock. On February 27, 2026, he exercised 9,579 restricted stock units, which converted into 9,579 shares of common stock at a stated price of $0.0000 per share.
In a related tax-withholding transaction coded "F," 3,736 common shares were disposed of at $30.9900 per share to satisfy tax obligations associated with the vesting. After these transactions, Bhalla directly held 165,295 common shares and 19,158 restricted stock units. The footnotes explain that the restricted stock units convert into common stock on a one-for-one basis and were granted in 2024 with four equal annual vesting installments through 2028.
ExlService Holdings EVP and general counsel Ajay Ayyappan reported multiple equity transactions. He sold 1,679 shares of common stock on March 2, 2026 at $30.39 per share in an open-market sale made under a Rule 10b5-1 trading plan entered on August 11, 2025.
On February 27, 2026, restricted stock units converting into common stock on a one-for-one basis were exercised for 3,991 shares, and an equal number of common shares were acquired at $0.00 per share. To cover tax obligations, 2,126 common shares were disposed of at $30.99 per share.
After these transactions, Ayyappan held 54,087 shares of common stock and 7,982 restricted stock units. The RSUs come from a 15,964-unit grant dated February 27, 2024 that vests in four equal annual installments through February 27, 2028.
ExlService Holdings Executive Vice President & CFO Maurizio Nicolelli reported equity transactions tied to previously granted restricted stock units. On February 27, 2026, 5,587 restricted stock units converted into an equal number of common shares at no cost, increasing his direct common stock holdings.
On the same date, 2,199 common shares were disposed of at $30.99 per share to satisfy tax withholding obligations, a non–open-market transaction. After these movements, Nicolelli directly held 254,369 shares of ExlService Holdings common stock.
ExlService Holdings, Inc. Chairman & CEO Rohit Kapoor reported an exercise and conversion of 33,525 restricted stock units into 33,525 shares of common stock at a price of $0.0000 per share on February 28, 2026.
After this transaction, Kapoor directly holds 67,050 restricted stock units and 1,322,214 shares of common stock. The filing also reports indirect ownership of common shares through several family trusts, including 420,000 shares held by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2013 GRAT and 201,095 shares held by the Rohit Kapoor 2016 Family Trust.
A footnote explains that on February 28, 2024, Kapoor was granted 134,100 restricted stock units, vesting in four equal annual installments: 25% vested on February 28, 2025, another 25% vested on February 28, 2026, with the remaining installments scheduled for February 28, 2027 and February 28, 2028.
ExlService Holdings Executive Vice President Vishal Chhibbar reported vesting and settlement of equity awards tied to company stock. On February 27, 2026, 5,587 restricted stock units were converted into an equal number of ExlService common shares at no cash exercise price under the company’s incentive plan.
To cover associated tax obligations, 3,088 common shares were disposed of at $30.99 per share through a tax-withholding transaction, rather than an open-market sale. After these movements, Chhibbar directly held 11,452 shares of common stock, and the RSU grant continues to vest in equal annual installments through 2028.
ExlService Holdings Executive Vice President Narasimha Kini reported equity award activity and related tax withholding. On February 27, 2026, 5,587 restricted stock units were converted into an equal number of common shares at no cost, reflecting vesting under a prior grant.
To cover tax obligations, 2,853 common shares were withheld and disposed of at a price of $30.99 per share, leaving 211,748 common shares held directly. The underlying grant was 22,348 restricted stock units awarded on February 27, 2024, vesting in four equal annual installments through 2028.
ExlService Holdings executive Ajay Ayyappan, EVP and General Counsel/Corporate Secretary, sold 1,197 shares of common stock in an open-market transaction at $29.79 per share. The filing states this sale was made under a pre-arranged Rule 10b5-1 trading plan entered on August 11, 2025, and Ayyappan now directly holds 53,901 shares of ExlService common stock.
ExlService Holdings, Inc. President Vikas Bhalla reported equity compensation and related tax transactions in company stock. On February 19, 2026, he was granted 45,324 restricted stock units (RSUs), each representing a right to receive one share of common stock, vesting in four equal annual installments starting February 19, 2027, with potential acceleration upon certain terminations or a Change in Control.
On February 20, 2026, 6,849 RSUs were converted into an equal number of common shares at no cost, increasing his direct holdings to 162,124 shares before tax settlement. On the same date, 2,672 shares of common stock were disposed of at $30.41 per share to cover tax liabilities, leaving 159,452 common shares held directly.
ExlService Holdings Executive Vice President Vishal Chhibbar reported equity compensation transactions and related tax withholding in company stock. On February 19, 2026, he was granted 27,192 restricted stock units (RSUs), each representing a right to receive one common share and vesting in four equal annual installments beginning February 19, 2027, with accelerated vesting possible upon certain employment terminations or a Change in Control.
On February 20, 2026, 4,004 RSUs were converted into 4,004 shares of common stock at no exercise price, and 2,427 shares were disposed of at $30.41 per share to satisfy tax withholding obligations, leaving 8,953 shares of common stock held directly after these transactions.
ExlService Holdings, Inc. Chairman and CEO Rohit Kapoor reported new equity awards and a vesting-related share conversion. On February 19, 2026, he received a grant of 158,628 restricted stock units, each representing a contingent right to one share of common stock.
These restricted stock units vest in four equal annual installments beginning on February 19, 2027, with vesting accelerated upon certain termination events and upon a Change in Control under the company’s 2025 Omnibus Incentive Plan. On February 20, 2026, 24,236 restricted stock units from a prior 96,944-unit grant converted into an equal number of common shares at no cost, increasing his directly held common stock to 1,288,689 shares and leaving 72,708 restricted stock units outstanding.
Additional common stock is held indirectly through several family trusts, including the 2016 Kapoor Family Trusts, the Rohit Kapoor Spousal Lifetime Access Trust, the Shikha Kapoor 2005 Family Trust, and the Rohit Kapoor 2016 Family Trust, as well as shares owned by Rohit Kapoor personally.
ExlService Holdings EVP & General Counsel Ajay Ayyappan reported equity compensation activity and related tax withholding. On February 19, 2026, he was granted 18,766 restricted stock units (RSUs), each representing the right to receive one common share upon settlement and subject to four equal annual vesting installments beginning February 19, 2027, with accelerated vesting upon certain termination events or a change in control.
On February 20, 2026, 2,845 RSUs were converted into 2,845 shares of common stock at no cost, increasing his directly held common stock to 56,613 shares before tax withholding. Also on that date, 1,515 shares of common stock were disposed of at $30.41 per share to satisfy tax obligations using the Nasdaq Global Select Market closing price, leaving 55,098 shares of common stock held directly after the withholding transaction.
ExlService Holdings Executive Vice President Narasimha Kini reported equity transactions involving restricted stock units and common stock. On February 19, 2026, he received a grant of 27,192 restricted stock units, each representing a right to one share of common stock that will vest in four equal annual installments beginning on February 19, 2027, with potential acceleration upon certain employment terminations or a change in control. On February 20, 2026, 4,215 restricted stock units were converted into the same number of common shares, and 2,152 common shares were disposed of at $30.41 per share to cover tax obligations. After these transactions, Kini directly held 209,014 shares of common stock and 12,645 restricted stock units from this award, alongside an earlier grant of 16,860 restricted stock units from June 17, 2025 that vests in four annual installments starting on February 20, 2026.
ExlService Holdings Executive Vice President & CFO Maurizio Nicolelli reported equity compensation and related tax withholding transactions. On February 19, 2026, he was granted 27,192 restricted stock units, each representing a right to receive one share of common stock. These RSUs will vest in four equal annual installments beginning on February 19, 2027, with vesting accelerated upon certain termination events and upon a Change in Control, as defined in the company’s 2025 Omnibus Incentive Plan.
On February 20, 2026, 4,215 restricted stock units were converted into 4,215 shares of common stock at no exercise price, increasing his directly owned common shares. Also on that date, 1,659 shares of common stock were disposed of at $30.41 per share to satisfy tax withholding obligations in connection with equity awards.
ExlService Holdings president Vivek Jetley reported several equity compensation transactions. On February 19, 2026, he received a grant of 45,324 restricted stock units (RSUs), each representing a contingent right to one share of common stock, vesting in four equal annual installments beginning on February 19, 2027, with certain accelerated vesting on specified termination events or a Change in Control.
On February 20, 2026, 6,849 RSUs were converted into the same number of common shares at no cost, and 3,788 shares of common stock were disposed of at $30.4100 per share to satisfy tax withholding obligations. After these transactions, he held 421,893 shares of ExlService common stock directly.
ExlService Holdings, Inc. chief human resources officer Pamela M. Harrison reported equity compensation activity and related tax withholding. On February 19, 2026, she acquired 20,720 restricted stock units, each representing a right to receive one share of common stock, which will vest in four equal annual installments beginning on February 19, 2027, with acceleration upon certain termination events and a Change in Control.
On February 20, 2026, 3,161 restricted stock units were converted into an equal number of common shares at no cost, and 1,630 common shares were disposed of at $30.41 per share to satisfy tax obligations. After these transactions, she directly owned 4,263 common shares and 9,483 restricted stock units.
ExlService Holdings, Inc. President Vivek Jetley reported equity award activity involving restricted stock units and common shares. On February 17, 2026, 5,050 and 4,400 restricted stock units were converted into an equal number of common shares at no exercise price, reflecting scheduled vesting under prior grants. To cover tax withholding obligations, 2,793 and 2,434 common shares were disposed of at a price of $30.04 per share. Following these transactions, Jetley continued to hold a substantial direct position in ExlService common stock.
ExlService Holdings, Inc. Chairman and CEO Rohit Kapoor reported the conversion of restricted stock units into common stock. On February 17, 2026, he exercised RSUs covering 26,120 and 31,455 units at a price of $0.0000 per share, receiving an equal number of common shares on a one-for-one basis.
Following these conversions, Kapoor directly held 1,264,453 shares of common stock. The filing also lists additional indirect holdings, including shares owned by several Kapoor family trusts, as described in the footnotes.
ExlService Holdings, Inc. president Vikas Bhalla reported multiple equity transactions on February 17, 2026 tied to previously granted restricted stock units. He exercised 5,435 and 4,400 restricted stock units, which convert into common stock on a one-for-one basis, and received the same number of common shares.
To cover tax obligations, he disposed of 2,120 and 1,716 common shares at a price of $30.04 per share through tax-withholding transactions, not open-market sales. After these transactions, he directly owned 155,275 shares of common stock.
ExlService Holdings, Inc. executive Ajay Ayyappan, EVP and General Counsel, reported multiple equity transactions involving company stock. On February 18, 2026, he executed open-market sales totaling 2,275 shares of common stock at a price of $30.32 per share under a pre-arranged Rule 10b5-1 trading plan.
On February 17, 2026, restricted stock units converted into an equal number of common shares, reflecting equity awards that had vested under prior grants. That same day, shares were withheld at prices based on the prior day’s closing price to cover tax obligations related to these vesting events. Following these transactions, he continued to hold a meaningful number of ExlService common shares directly.
ExlService Holdings Executive Vice President & CFO Maurizio Nicolelli reported equity award activity involving restricted stock units and common shares. On February 17, 2026, restricted stock units converted into common stock on a one-for-one basis, resulting in the acquisition of 8,965 common shares through derivative exercises.
On the same date, a total of 3,529 common shares were disposed of at $30.0400 per share to cover tax withholding obligations, consistent with the company’s 2018 Omnibus Incentive Plan, which uses the prior day’s closing price for tax purposes. After these transactions, Nicolelli directly held 248,425 common shares.
ExlService Holdings, Inc. Executive Vice President Narasimha Kini reported routine equity award activity involving restricted stock units (RSUs) that convert into common stock on a one-for-one basis. On February 17, 2026, RSUs covering 3,230 and 3,300 shares were exercised into common stock at a stated price of $0.00 per share, reflecting vesting rather than an open-market purchase.
To cover tax withholding on these vesting events, 1,685 and 1,649 shares of common stock were disposed of at $30.04 per share through tax-withholding transactions, not market sales. Following these transactions, Kini held 206,951 shares of ExlService common stock directly. Footnotes explain that these RSUs were granted under the 2018 Omnibus Incentive Plan and vest in four equal annual installments tied to grants made in February 2022 and February 2023.
ExlService Holdings Inc. Executive Vice President Narasimha Kini reported multiple stock transactions in the company’s common stock on January 26, 2026. He acquired 9,007 shares and 17,109 shares of common stock at a price of $0 per share, earned from performance restricted stock units granted on February 15, 2023 after performance targets for the period ending December 31, 2025 were certified as achieved. To cover tax obligations, 4,599 shares and 8,735 shares were withheld at a price of $42.64 per share, based on the plan’s use of the prior day’s Nasdaq Global Select Market closing price for tax reporting and withholding. Following these transactions, Kini directly beneficially owned 203,755 shares of ExlService Holdings common stock.
ExlService Holdings, Inc. Chairman and CEO Rohit Kapoor reported stock awards tied to performance-based incentives. On January 26, 2026, he acquired 72,814 and 138,384 shares of common stock at $0 per share, earned from performance restricted stock units granted on February 15, 2023 after the compensation committee certified performance for the period ending December 31, 2025.
Following these awards, Kapoor directly owns 1,206,878 shares of ExlService common stock. Additional indirect holdings are reported through various family trusts, including 885,670, 420,000, 420,000, 665,925, and 201,095 shares held by specific Kapoor family trusts.
ExlService Holdings, Inc. reported equity awards for its President, Vikas Bhalla, tied to performance-based incentives. On January 26, 2026, he acquired 12,265 and 23,312 shares of common stock at $0 per share, earned from performance restricted stock units granted on February 15, 2023.
On the same date, 4,784 and 9,092 shares were withheld at $42.64 per share to cover tax obligations under the company’s 2018 Omnibus Incentive Plan. After these transactions, he directly held 149,276 shares of common stock.
ExlService Holdings Executive Vice President & CFO Maurizio Nicolelli reported equity award vesting and related tax share withholding. On January 26, 2026, he acquired 11,458 and 21,774 shares of common stock at $0 per share upon performance restricted stock units granted on February 15, 2023 being earned after achievement of performance targets for the period ending December 31, 2025. To cover tax obligations, 4,509 and 8,569 shares were withheld at $42.64 per share, calculated under the company’s 2018 Omnibus Incentive Plan using the prior day’s Nasdaq Global Select Market closing price. After these transactions, he directly owned 242,989 shares of ExlService Holdings common stock.
ExlService Holdings President Vivek Jetley reported equity awards linked to performance stock units. On January 26, 2026 he acquired 12,265 shares and 23,312 shares of common stock at $0 per share as performance restricted stock units granted on February 15, 2023 vested after meeting performance targets for the period ending December 31, 2025.
To cover taxes, 6,783 shares and 12,892 shares were withheld at $42.64 per share, based on the plan’s use of the prior day’s closing price for tax reporting and withholding. After these transactions, he directly owned 414,609 shares of ExlService common stock.
ExlService Holdings EVP & General Counsel Ajay Ayyappan reported equity award vesting and related share sales. On January 26, 2026, he acquired 6,957 and 13,216 shares of common stock at $0 per share when performance-based restricted stock units granted on February 15, 2023 were deemed earned after performance targets through December 31, 2025 were certified.
On the same date, 3,848 and 7,309 shares were withheld at $42.64 per share under the company’s 2018 Omnibus Incentive Plan for tax reporting and withholding. On January 27, 2026, he sold 5,316 and 2,798 shares of common stock at $42.53 per share in open-market transactions made under a pre-established Rule 10b5-1 trading plan entered into on August 11, 2025.
ExlService Holdings Executive Vice President Narasimha Kini reported the settlement of previously granted equity awards. On January 21, 2026, 6,960 restricted stock units were settled into 5,315 shares of ExlService common stock at a stated price of $41.64 per share, increasing his directly held common stock to 190,973 shares. These shares relate to restricted stock units that vested on March 31, 2024 but were not settled until January 21, 2026; the share amount was reduced under applicable U.S. tax rules and regulations. The RSUs stem from a March 31, 2022 grant of 20,885 units (after a 5-for-1 stock split), vesting 33% on March 31, 2024 and 67% on March 31, 2025, and were issued under a share matching plan tied to Kini’s purchase of company stock.
ExlService Holdings president Vivek Jetley reported the settlement of previously granted equity awards. On January 21, 2026, 6,960 restricted stock units were converted (transaction code M) into 5,315 shares of ExlService common stock at a reference price of $41.64 per share. These awards had vested as of March 31, 2024, but their settlement was delayed and the number of shares delivered was reduced under applicable U.S. tax rules.
After this transaction, Jetley directly beneficially owned 398,707 shares of ExlService common stock. The reporting also notes that the restricted stock units were originally received under a share matching plan connected to his purchase of ExlService common stock.
ExlService Holdings, Inc. President Vikas Bhalla reported an equity transaction involving vested restricted stock units and related share withholding for taxes. On January 21, 2026, 6,960 restricted stock units were settled, resulting in the issuance of 6,795 shares of common stock at a stated price of $41.64 per share. The footnotes explain that these units had vested as of March 31, 2024, but were not settled until 2026, and that the number of shares delivered was reduced under applicable U.S. tax rules.
On the same date, 2,465 shares of common stock were reported with transaction code "F", indicating shares withheld to cover taxes at a price of $41.64 per share. After these transactions, Bhalla directly owned 127,575 shares of ExlService common stock.