Anita Mahon - Mar 11, 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role: Executive Vice President
Signature: /s/ Ajay Ayyappan, Attorney-in-Fact
Stock symbol: EXLS
Transactions as of: Mar 11, 2025
Transactions value $: -$484,823
Form type: 4
Date filed: 3/13/2025, 05:31 PM
Previous filing: Mar 3, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXLS	Common Stock, par value $0.001 per share	Sale	-$485K	-10.6K	-10.06%	$45.92	94.4K	Mar 11, 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id	Content
F1	This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on November 4, 2024.

Remarks:

Note: Mr. Ayyappan is the Company's General Counsel.