Bhalla Vikas

SEC source: 0001628280-26-064500 · wk-form4_1790971290.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 109,295

F1 · price: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026.

SEC source: 0001628280-26-060385 · wk-form4_1788465697.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 120,295

F1 · price: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026.

SEC source: 0001628280-26-053914 · wk-form4_1786018464.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 130,295

F1 · price: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026.

SEC source: 0001628280-26-046851 · wk-form4_1783022516.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 141,295

F1 · price: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026.

SEC source: 0001628280-26-041577 · wk-form4_1780950041.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 153,295

F1 · price: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026.

SEC source: 0001628280-26-014088 · wk-form4_1772577640.xml · derivative · entry 3

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,158

Underlying: Common Stock, par value $0.001 per share · 9,579 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F3 · derivative.exercise_date: On February 27, 2024, the reporting person was granted 38,316 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 27, 2025, an additional 25 percent of the restricted stock units became vested on February 27, 2026, an additional 25 percent of the restricted stock units will vest on February 27, 2027, and the remaining balance of 25 percent of the restricted stock units will vest on February 27, 2028.

F3 · derivative.expiration_date: On February 27, 2024, the reporting person was granted 38,316 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 27, 2025, an additional 25 percent of the restricted stock units became vested on February 27, 2026, an additional 25 percent of the restricted stock units will vest on February 27, 2027, and the remaining balance of 25 percent of the restricted stock units will vest on February 27, 2028.

SEC source: 0001628280-26-014088 · wk-form4_1772577640.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 165,295

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-26-014088 · wk-form4_1772577640.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 169,031

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001628280-26-010802 · wk-form4_1771890732.xml · derivative · entry 4

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,547

Underlying: Common Stock, par value $0.001 per share · 6,849 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F5 · derivative.exercise_date: On June 17, 2025, the reporting person was granted 27,396 restricted stock units, vesting in four equal annual installments beginning on February 20, 2026. 25 percent of the restricted stock units became vested on February 20, 2026, an additional 25 percent of the restricted stock units will vest on February 20, 2027, an additional 25 percent of the restricted stock units will vest on February 20, 2028, and the remaining balance of 25 percent of the restricted stock units will vest on February 20, 2029.

F5 · derivative.expiration_date: On June 17, 2025, the reporting person was granted 27,396 restricted stock units, vesting in four equal annual installments beginning on February 20, 2026. 25 percent of the restricted stock units became vested on February 20, 2026, an additional 25 percent of the restricted stock units will vest on February 20, 2027, an additional 25 percent of the restricted stock units will vest on February 20, 2028, and the remaining balance of 25 percent of the restricted stock units will vest on February 20, 2029.

SEC source: 0001628280-26-010802 · wk-form4_1771890732.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 159,452

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-26-010802 · wk-form4_1771890732.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 162,124

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001628280-26-010802 · wk-form4_1771890732.xml · derivative · entry 3

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,324

Underlying: Common Stock, par value $0.001 per share · 45,324 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F4 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 19, 2027. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2025 Omnibus Incentive Plan).

F4 · derivative.expiration_date: The restricted stock units will vest in four equal annual installments, beginning on February 19, 2027. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2025 Omnibus Incentive Plan).

SEC source: 0001628280-26-009903 · wk-form4_1771540337.xml · derivative · entry 6

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,400

Underlying: Common Stock, par value $0.001 per share · 4,400 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F4 · derivative.exercise_date: On February 15, 2023, the reporting person was granted 3,520 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 15, 2024, an additional 25 percent of the restricted stock units became vested on February 15, 2025, an additional 25 percent of the restricted stock units became vested on February 15, 2026, and the remaining balance of 25 percent of the restricted stock units will vest on February 15, 2027.

F4 · derivative.expiration_date: On February 15, 2023, the reporting person was granted 3,520 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 15, 2024, an additional 25 percent of the restricted stock units became vested on February 15, 2025, an additional 25 percent of the restricted stock units became vested on February 15, 2026, and the remaining balance of 25 percent of the restricted stock units will vest on February 15, 2027.

SEC source: 0001628280-26-009903 · wk-form4_1771540337.xml · derivative · entry 5

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 5,435 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F3 · derivative.exercise_date: On February 16, 2022, the reporting person was granted 4,348 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 16, 2023, an additional 25 percent of the restricted stock units became vested on February 16, 2024, an additional 25 percent of the restricted stock units became vested on February 16, 2025, and the remaining balance of 25 percent of the restricted stock units became vested on February 16, 2026.

F3 · derivative.expiration_date: On February 16, 2022, the reporting person was granted 4,348 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 16, 2023, an additional 25 percent of the restricted stock units became vested on February 16, 2024, an additional 25 percent of the restricted stock units became vested on February 16, 2025, and the remaining balance of 25 percent of the restricted stock units became vested on February 16, 2026.

SEC source: 0001628280-26-009903 · wk-form4_1771540337.xml · nonDerivative · entry 4

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 155,275

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-26-009903 · wk-form4_1771540337.xml · nonDerivative · entry 3

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 156,991

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001628280-26-009903 · wk-form4_1771540337.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 152,591

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-26-009903 · wk-form4_1771540337.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 154,711

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001628280-26-003893 · wk-form4_1769638213.xml · nonDerivative · entry 4

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 149,276

F1 · kind: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 15, 2023. Such shares of Common Stock were deemed earned on January 26, 2026, based on the Compensation and Talent Management Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2025.

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-26-003893 · wk-form4_1769638213.xml · nonDerivative · entry 3

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 158,368

F1 · kind: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 15, 2023. Such shares of Common Stock were deemed earned on January 26, 2026, based on the Compensation and Talent Management Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2025.

SEC source: 0001628280-26-003893 · wk-form4_1769638213.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 135,056

F1 · kind: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 15, 2023. Such shares of Common Stock were deemed earned on January 26, 2026, based on the Compensation and Talent Management Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2025.

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-26-003893 · wk-form4_1769638213.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 139,840

F1 · kind: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 15, 2023. Such shares of Common Stock were deemed earned on January 26, 2026, based on the Compensation and Talent Management Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2025.

SEC source: 0001628280-26-003328 · wk-form4_1769206275.xml · derivative · entry 3

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 6,960 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: 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. (the "Company").

F3 · derivative.exercise_date: On March 31, 2022, the reporting person was granted 20,885 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. This transaction represents the settlement, as of January 21, 2026, of the shares that vested in 2024.

F3 · derivative.expiration_date: On March 31, 2022, the reporting person was granted 20,885 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. This transaction represents the settlement, as of January 21, 2026, of the shares that vested in 2024.

SEC source: 0001628280-26-003328 · wk-form4_1769206275.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 127,575

SEC source: 0001628280-26-003328 · wk-form4_1769206275.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,040

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Represents the shares of common stock of ExlService Holdings, Inc. (the "Company") issued in respect of the reporting person's restricted stock units that vested as of March 31, 2024, but which were settled as of January 21, 2026. Due to administrative delay in settlement, the number of shares of common stock issued to the reporting person was reduced based on applicable U.S. tax rules and regulations.

SEC source: 0001628280-26-000658 · wk-form4_1767653366.xml · derivative · entry 3

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,960

Underlying: Common Stock, par value $0.001 per share · 13,925 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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 · derivative.exercise_date: On March 31, 2022, the reporting person was granted 20,885 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.

F2 · derivative.expiration_date: On March 31, 2022, the reporting person was granted 20,885 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.

SEC source: 0001628280-26-000658 · wk-form4_1767653366.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 123,245

SEC source: 0001628280-26-000658 · wk-form4_1767653366.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 129,197

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001628280-25-055448 · wk-form4_1764888551.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 115,272

SEC source: 0001373633-25-000003 · wk-form4_1757710931.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 127,046

SEC source: 0001628280-25-031949 · wk-form4_1750199376.xml · derivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,396

Underlying: Common Stock, par value $0.001 per share · 27,396 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 20, 2026. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2025 Omnibus Incentive Plan).

F2 · derivative.expiration_date: The restricted stock units will vest in four equal annual installments, beginning on February 20, 2026. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2025 Omnibus Incentive Plan).

SEC source: 0001628280-25-024787 · wk-form4_1747084671.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 135,046

F1 · price: 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.

SEC source: 0001628280-25-009541 · wk-form4_1741043410.xml · derivative · entry 3

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,737

Underlying: Common Stock, par value $0.001 per share · 9,579 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F3 · derivative.exercise_date: On February 27, 2024, the reporting person was granted 38,316 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 27, 2025, an additional 25 percent of the restricted stock units will vest on February 27, 2026, an additional 25 percent of the restricted stock units will vest on February 27, 2027, and the remaining balance of 25 percent of the restricted stock units will vest on February 27, 2028.

F3 · derivative.expiration_date: On February 27, 2024, the reporting person was granted 38,316 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 27, 2025, an additional 25 percent of the restricted stock units will vest on February 27, 2026, an additional 25 percent of the restricted stock units will vest on February 27, 2027, and the remaining balance of 25 percent of the restricted stock units will vest on February 27, 2028.

SEC source: 0001628280-25-009541 · wk-form4_1741043410.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 160,046

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-25-009541 · wk-form4_1741043410.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President of EXL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 163,782

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · derivative · entry 9

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,800

Underlying: Common Stock, par value $0.001 per share · 4,400 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F5 · derivative.exercise_date: On February 15, 2023, the reporting person was granted 3,520 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 15, 2024, an additional 25 percent of the restricted stock units became vested on February 15, 2025, an additional 25 percent of the restricted stock units will vest on February 15, 2026, and the remaining balance of 25 of the restricted stock units will vest on February 15, 2027.

F5 · derivative.expiration_date: On February 15, 2023, the reporting person was granted 3,520 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 15, 2024, an additional 25 percent of the restricted stock units became vested on February 15, 2025, an additional 25 percent of the restricted stock units will vest on February 15, 2026, and the remaining balance of 25 of the restricted stock units will vest on February 15, 2027.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · derivative · entry 8

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,435

Underlying: Common Stock, par value $0.001 per share · 5,435 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F4 · derivative.exercise_date: On February 16, 2022, the reporting person was granted 4,348 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 16, 2023, an additional 25 percent of the restricted stock units became vested on February 16, 2024, an additional 25 percent of the restricted stock units became vested on February 16, 2025, and the remaining balance of 25 of the restricted stock units will vest on February 16, 2026.

F4 · derivative.expiration_date: On February 16, 2022, the reporting person was granted 4,348 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 16, 2023, an additional 25 percent of the restricted stock units became vested on February 16, 2024, an additional 25 percent of the restricted stock units became vested on February 16, 2025, and the remaining balance of 25 of the restricted stock units will vest on February 16, 2026.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · derivative · entry 7

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 9,175 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F3 · derivative.exercise_date: On February 17, 2021, the reporting person was granted 7,340 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 17, 2022, an additional 25 percent of the restricted stock units became vested on February 17, 2023, an additional 25 percent of the restricted stock units became vested on February 17, 2024, and the remaining balance of 25 percent of the restricted stock units became vested on February 17, 2025.

F3 · derivative.expiration_date: On February 17, 2021, the reporting person was granted 7,340 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 17, 2022, an additional 25 percent of the restricted stock units became vested on February 17, 2023, an additional 25 percent of the restricted stock units became vested on February 17, 2024, and the remaining balance of 25 percent of the restricted stock units became vested on February 17, 2025.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · nonDerivative · entry 6

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 154,203

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · nonDerivative · entry 5

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 155,919

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · nonDerivative · entry 4

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 151,519

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · nonDerivative · entry 3

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 153,639

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 148,204

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-25-006898 · wk-form4_1740091638.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 151,783

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001628280-25-003027 · wk-form4_1738188897.xml · nonDerivative · entry 4

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 142,608

F1 · kind: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 16, 2022. Such shares of Common Stock were deemed earned on January 27, 2025 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2024

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-25-003027 · wk-form4_1738188897.xml · nonDerivative · entry 3

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 157,869

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 16, 2022. Such shares of Common Stock were deemed earned on January 27, 2025 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2024

SEC source: 0001628280-25-003027 · wk-form4_1738188897.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118,739

F1 · kind: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 16, 2022. Such shares of Common Stock were deemed earned on January 27, 2025 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2024

F2 · price: Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001628280-25-003027 · wk-form4_1738188897.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 128,915

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 16, 2022. Such shares of Common Stock were deemed earned on January 27, 2025 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2024

SEC source: 0001628280-24-045796 · wk-form4_1730930663.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 102,825

F1 · price: This transaction was executed in multiple trades at prices ranging from $41.83 to $41.97 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.

SEC source: 0001628280-24-039463 · wk-form4_1725499639.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · President & Head of Insurance

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 125,638

F2 · price: The reporting person's restricted stock units reported in this report vested on September 1, 2024. Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.