SEC Form 4
ExlService Holdings, Inc. (EXLS) insider trading
In the 12 months to Oct 24, 2026, 3 EXLS insiders reported open-market sales of $3.1M across 12 filings; no open-market purchases were filed.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $3.1M
- 12 filings · 3 insiders
- Open-market purchases
- $0
- 0 filings
- Pre-arranged sales (10b5-1)
- 10 of 12
- $2.5M of $3.1M sold (79%)
Who traded EXLS, and when
- Sale
- Sale, pre-arranged (10b5-1)
EXLS daily close from Oct 24, 2025 to Oct 23, 2026, between $25.22 and $43.38, last $42.30. 12 sale and 0 purchase filings by 3 insiders, marked at their filing dates. Vikas Bhalla, President of EXL: sold $2.3M across 6 filings, first filed Dec 4, 2025, last Oct 2, 2026. Ajay Ayyappan, EVP & Gen Counsel/Corp. Sec'y.: sold $649.0K across 5 filings, first filed Jan 28, 2026, last May 22, 2026. Vishal Chhibbar, Executive Vice President: sold $175.5K across 1 filing, first filed Aug 13, 2026, last Aug 13, 2026.
Largest mark · tap a row for others
Vikas Bhalla · President of EXL
Sale $470,842
11,774 shares at $39.99 avg
Filed Dec 4, 2025 · traded Dec 2
Close on filing date $40.92
Vikas Bhalla · President of EXL
President of EXL
$2.3M soldAjay Ayyappan · EVP & Gen Counsel/Corp. Sec'y.
EVP & Gen Counsel/Corp. Sec'y.
$649.0K soldVishal Chhibbar · Executive Vice President
Executive Vice President
$175.5K soldHas ExlService Holdings, Inc.'s CEO sold stock?
No. Rohit Kapoor (CEO) made no open-market sales filed as CEO in the last 12 months.
Open-market trades
12 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Vikas Bhalla | President of EXL | $2.3M | — | 6 | 80% of sales | |
| Ajay Ayyappan | EVP & Gen Counsel/Corp. Sec'y. | $649.0K | — | 5 | 100% of sales | |
| Vishal Chhibbar | Executive Vice President | $175.5K | — | 1 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Vikas Bhalla President of EXL | SalePre-arranged (10b5-1) | 11,000 | $35.38 | $389.2K | 109,295 | |
traded | Vikas Bhalla President of EXL | SalePre-arranged (10b5-1) | 10,000 | $38.17 | $381.7K | 120,295 | |
traded | Vishal Chhibbar Executive Vice President | Sale | 5,000 | $35.10 | $175.5K | 6,452 | |
traded | Vikas Bhalla President of EXL | SalePre-arranged (10b5-1) | 11,000 | $34.99 | $384.9K | 130,295 | |
traded | Vikas Bhalla President of EXL | SalePre-arranged (10b5-1) | 12,000 | $26.47 | $317.6K | 141,295 | |
traded | Vikas Bhalla President of EXL | SalePre-arranged (10b5-1) | 12,000 | $30.22 | $362.6K | 153,295 | |
traded | Ajay Ayyappan EVP & Gen Counsel/Corp. Sec'y. | SalePre-arranged (10b5-1) | 5,093 | $29.11 | $148.3K | 48,994 | |
traded | Ajay Ayyappan EVP & Gen Counsel/Corp. Sec'y. | SalePre-arranged (10b5-1) | 1,679 | $30.39 | $51.0K | 54,087 | |
traded | Ajay Ayyappan EVP & Gen Counsel/Corp. Sec'y. | SalePre-arranged (10b5-1) | 1,197 | $29.79 | $35.7K | 53,901 | |
traded | Ajay Ayyappan EVP & Gen Counsel/Corp. Sec'y. | SalePre-arranged (10b5-1) | 2,275 | $30.32 | $69.0K | 54,817 | |
traded | Ajay Ayyappan EVP & Gen Counsel/Corp. Sec'y. | SalePre-arranged (10b5-1) | 8,114 | $42.53 | $345.1K | 56,313 | |
traded | Vikas Bhalla President of EXL | Sale | 11,774 | $39.99 | $470.8K | 115,272 |
GET /stocks/filings/vX/form-4?tickers=EXLS&filing_date.gte=2025-10-24&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"EXLS"
],
"issuer_cik": "0001297989",
"owner_cik": "0001373633",
"accession_number": "0001628280-26-064500",
"form_type": "4",
"filing_date": "2026-10-02",
"period_of_report": "2026-10-01",
"issuer_name": "ExlService Holdings, Inc.",
"issuer_trading_symbol": "EXLS",
"owner_name": "Bhalla Vikas",
"is_director": false,
"is_officer": true,
"is_ten_percent_owner": false,
"is_other": false,
"officer_title": "President of EXL",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock, par value $0.001 per share",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-10-01",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 11000,
"transaction_price_per_share": 35.38,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 109295,
"transaction_value": 389180,
"not_subject_to_section_16": false,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026."
}
],
"remarks": "Mr. Ayyappan is the Company's General Counsel."
},
{
"tickers": [
"EXLS"
],
"issuer_cik": "0001297989",
"owner_cik": "0001373633",
"accession_number": "0001628280-26-060385",
"form_type": "4",
"filing_date": "2026-09-03",
"period_of_report": "2026-09-01",
"issuer_name": "ExlService Holdings, Inc.",
"issuer_trading_symbol": "EXLS",
"owner_name": "Bhalla Vikas",
"is_director": false,
"is_officer": true,
"is_ten_percent_owner": false,
"is_other": false,
"officer_title": "President of EXL",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock, par value $0.001 per share",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-09-01",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 10000,
"transaction_price_per_share": 38.17,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 120295,
"transaction_value": 381700,
"not_subject_to_section_16": false,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person on March 4, 2026."
}
],
"remarks": "Mr. Ayyappan is the Company's General Counsel."
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 99 records
- Option exercises37 records
- Tax withholding40 records
- Grants and awards17 records
- Gifts2 records
- Other3 records
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
Build this yourself
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for EXLS every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Pre-arranged (10b5-1)
- The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.