ExlService Holdings, Inc. officer Vikas Bhalla filed a Form 144 notice of proposed sale of 11,000 shares of common stock, with an approximate sale date of November 2, 2026, according to the filing submitted to the SEC.

Key Highlights

  • Proposed sale: Vikas Bhalla, an officer of ExlService Holdings, Inc., intends to sell 11,000 shares of common stock with an aggregate market value of $453,420.00.
  • Broker: The sale is to be executed through Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield, RI 02917.
  • Shares outstanding: The filing lists 150,788,731 shares of common stock outstanding at the time of the notice.
  • Source of shares: The securities were acquired through restricted stock vesting transactions from the issuer on February 16, 2025 (2,161 shares), February 17, 2025 (5,596 shares), and February 27, 2025 (3,243 shares), all characterized as compensation.
  • 10b5-1 plan: The filing indicates a Rule 10b5-1 plan adoption date of March 4, 2026.
  • Prior sales in last 3 months: Bhalla also sold 11,000 shares on August 3, 2026 (gross proceeds $384,890.00), 10,000 shares on September 1, 2026 (gross proceeds $381,700.00), and 11,000 shares on October 1, 2026 (gross proceeds $389,180.00).

Bhalla's Proposed November 2026 Sale Under Rule 144

According to the Form 144 filing, Vikas Bhalla, identified as an officer of ExlService Holdings, Inc. (NASDAQ:EXLS), provided notice of a proposed sale of 11,000 shares of the company's common stock at an aggregate market value of $453,420.00. The approximate date of sale is listed as November 2, 2026, and the sale is to be conducted on the NASDAQ exchange through Fidelity Brokerage Services LLC.

The filing discloses that the shares to be sold were acquired via restricted stock vesting from the issuer, with payments described as compensation. Specifically, 2,161 shares vested on February 16, 2025, 5,596 shares on February 17, 2025, and 3,243 shares on February 27, 2025. The filing further notes that Bhalla adopted a Rule 10b5-1 written trading plan on March 4, 2026, under which the proposed sale is being conducted.

The filing also reports Bhalla's prior sales of ExlService common stock in the three months preceding the notice. Those transactions included 11,000 shares sold on August 3, 2026 for gross proceeds of $384,890.00, 10,000 shares sold on September 1, 2026 for gross proceeds of $381,700.00, and 11,000 shares sold on October 1, 2026 for gross proceeds of $389,180.00. The notice was dated November 2, 2026, and signed by Daniel Tucci as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Bhalla.

What Was Disclosed

A Form 144 notice was filed by officer Vikas Bhalla of ExlService Holdings, Inc. disclosing a proposed sale of 11,000 shares of common stock with a market value of $453,420.00, pursuant to a Rule 10b5-1 plan adopted March 4, 2026, with an approximate sale date of November 2, 2026.