1 unchanged sentence
Rule 10b5-1 Trading Plans
−Removed: During the three months ended September 30, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K, except as described below:
+Added: During the three months ended March 31, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement,” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K, except as described below:
Name and Title Character of Trading Arrangement (1)
1 unchanged sentence
Aggregate Number of Shares of Common Stock to be Sold Pursuant to Trading Arrangement
−Removed: Ajay Ayyappan,
−Removed: Executive Vice President, General Counsel & Corporate Secretary
−Removed: Trading Arrangement August 11, 2025 March 6, 2026 24,494
+Added: Vikas Bhalla,
+Added: President and Head of AI Services and Operations
+Added: Trading Arrangement March 4, 2026 November 24, 2026 67,000
(1) Except as indicated by footnote, each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended (the “Rule”).
3 unchanged sentences
The following exhibits are being filed as part of this report or incorporated by reference as indicated therein:
−Removed: 3.1 Fourth Amended and Restated Certificate of Incorporation of the Company, as in effect as of the date hereof (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K (File No.
+Added: 3.1 Fourth Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K (File No.
1-33089) filed on June 25, 2024).
1 unchanged sentence
1-33089) filed on June 21, 2023).
+Added: 10.1 Fixed Dollar Accelerated Share Repurchase Agreement, dated March 16, 2026, between ExlService Holdings, Inc.
+Added: and Morgan Stanley & Co.
+Added: LLC (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No.
+Added: 1-33089) filed on March 18, 2026).
31.1 Certification of the Chief Executive Officer of ExlService Holdings, pursuant to Rule 13a-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
14 unchanged sentences
Pursuant to the requirements of the Securities Exchange Act of 1934 the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: October 28, 2025 EXLSERVICE HOLDINGS, INC.
+Added: April 28, 2026 EXLSERVICE HOLDINGS, INC.
/S/ MAURIZIO NICOLELLI
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.