Nicolelli Maurizio 4

What Happened
Nicolelli Maurizio, Executive Vice President & Chief Financial Officer of ExlService Holdings, acquired 606 shares of EXLS common stock on June 30, 2026 at a price of $23.27 per share, for a total value of approximately $14,102. The filing reports this as an exempt acquisition under the company's 2022 Employee Stock Purchase Plan (ESPP), i.e., an award/purchase rather than a sale.

Key Details

• Transaction date and price: June 30, 2026 — 606 shares at $23.27 each (total ≈ $14,102).
• Method: Exempt acquisition pursuant to the ExlService Holdings, Inc. 2022 Employee Stock Purchase Plan (footnote).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing: Form 4 filed July 21, 2026 — 21 days after the transaction date (appears late versus the typical two-business-day Form 4 deadline).
• Remarks: The filing notes Mr. Ayyappan is the company’s General Counsel (administrative remark separate from this transaction).

Context
This was an ESPP acquisition (employee stock purchase), meaning the shares were obtained through the company plan rather than an open-market purchase. Such insider purchases show the executive acquired company stock but do not by themselves indicate future performance or the insider’s motivations.