Form 4 for EXLS ExlService Holdings, Inc.

Accepted 2026-01-05 00:00:00 ET · period of report 2025-12-31 · accession 0001628280-26-000657 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2026-01-05	2025-12-31	EXLS	AYYAPPAN AJAY	EVP, Gen Counsel, Corp. Sec'y	M - OptEx	$42.75	+13.4K	54.9K	+32%	+$570.9K
D	2026-01-05	2025-12-31	EXLS	AYYAPPAN AJAY	EVP, Gen Counsel, Corp. Sec'y	F - Tax	$42.75	-7,386	47.5K	-13%	-$315.8K
D	2026-01-05	2025-12-31	EXLS	AYYAPPAN AJAY	EVP, Gen Counsel, Corp. Sec'y	M - OptEx	$0.00	-13.4K	6,670	-67%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, par value $0.001 per share	2025-12-31	M	A	13,355	$42.75	54,889	D	—	—
2	Common	Common Stock, par value $0.001 per share	2025-12-31	F	D	7,386	$42.75	47,503	D	—	—
3	Derivative	Restricted Stock Units	2025-12-31	M	D	13,355	$0.00	6,670	D	— · — to —	13,355 Common Stock, par value $0.001 per share	(F1) Represents restricted stock units received under a share matching plan in connection with the officer's purchase of common stock, par value $0.001 per share of ExlService Holdings, Inc. (F2) On March 31, 2022, the reporting person was granted 20,025 restricted stock units, after adjustment for the 5-for-1 forward stock split, effective August 1, 2023, vesting in two installment installments beginning on the second anniversary of the grant date. 33% of the restricted stock units became vested on March 31, 2024, and the remaining balance of 67% of the restricted stock units became vested on March 31, 2025.