Vikas Bhalla - May 8, 2025 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role: President of EXL
Signature: /s/ Ajay Ayyappan, Attorney-in-Fact
Stock symbol: EXLS
Transactions as of: May 8, 2025
Transactions value $: -$1,152,750
Form type: 4
Date filed: 5/12/2025, 05:17 PM
Previous filing: Mar 3, 2025
Next filing: Jun 17, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bhalla Vikas	President of EXL	320 PARK AVENUE, 29TH FLOOR, NEW YORK	/s/ Ajay Ayyappan, Attorney-in-Fact	2025-05-12	0001373633

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	-$1.15M	-25K	-15.62%	$46.11	135K	May 8, 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $46.08 to $46.22 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares.

Remarks:

Mr. Ayyappan is the Company's General Counsel.