Kapoor Rohit 4
Research Summary
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ExlService (EXLS) CEO Rohit Kapoor Transfers 865,000 Shares to GRAT
What Happened Rohit Kapoor, Chairman & CEO of ExlService Holdings (EXLS), contributed 865,000 shares of EXLS common stock to the "Rohit Kapoor 2026 GRAT" on June 15, 2026. The filing shows an exempt disposition of 865,000 shares and a matching exempt acquisition of 865,000 shares, both reported at $0.00 (total value $0). The transfer was made to a grantor retained annuity trust for the benefit of Kapoor and certain family members; Kapoor serves as the trust's sole trustee and sole annuitant.
Key Details
- Transaction date and codes: 2026-06-15 — Other disposition (Code J) 865,000 shares @ $0.00; Other acquisition (Code J) 865,000 shares @ $0.00.
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes: F1 explains the contribution to the Rohit Kapoor 2026 GRAT and that the exempt disposition/acquisition is being voluntarily reported for future reconciliation. F2–F8 list related ownership by Kapoor and several family trusts.
- Filing timeliness: Report filed 2026-06-17 for a 2026-06-15 transaction — appears to be filed within the usual Form 4 deadline (timely).
- Filing contact: Remark notes Mr. Ayyappan is the company's General Counsel.
Context A GRAT (grantor retained annuity trust) is an estate-planning vehicle; transfers into a GRAT are typically tax/estate planning moves rather than market-driven buys or sales, and do not necessarily signal insider sentiment. Code J indicates an "other" acquisition/disposition — here used to show the intra-family/trust contribution and the corresponding bookkeeping acquisition. Because Kapoor is the grantor, sole trustee and annuitant, he retains certain interests consistent with grantor trust treatment.