Bhalla Vikas 4

What Happened Vikas Bhalla, President of ExlService Holdings, sold 12,000 shares of EXLS on June 4, 2026, at $30.22 per share, generating proceeds of $362,640. This was a sale (disposition) rather than a purchase.

Key Details

• Transaction date: 2026-06-04; filing date: 2026-06-08 (filed timely).
• Transaction type/code: Sale (open market) — 12,000 shares at $30.22 each; total $362,640.
• Shares owned after transaction: Not reported in this filing.
• Footnote: Sale was made pursuant to a 10b5-1 trading plan entered by the reporting person on March 4, 2026 (F1).
• Remark on filing: The filing notes "Mr. Ayyappan is the Company's General Counsel" (included in the form remarks).

Context A 10b5-1 plan is a pre-arranged trading program that lets insiders sell shares according to a schedule regardless of short-term company news; such sales are often routine and do not necessarily reflect the insider's current view of the company. Purchases are generally more indicative of positive insider conviction; this transaction is a planned sale under an established plan.