Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Feb 20, 2026
Reporting period
Not applicable
Filed with the SEC
Feb 23, 2026
OfficerOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001628280-26-010802
Filed / recorded
Feb 23, 2026, 11:52 PM UTC
Added to OQRO
Oct 6, 2026, 7:37 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
ExlService Holdings, Inc.
Issuer CIK
1297989
Ticker
EXLS
Reporting person
Vikas Bhalla
Relationship
Officer
Officer title
President of EXL
Security
Restricted Stock Units
Table
Derivative (Table II)
Transaction date
Feb 20, 2026
Transaction code
M
Shares / units
6,849
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
20,547
Ownership form
Direct
Amendment
No
Footnotes from the filing
Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.
On June 17, 2025, the reporting person was granted 27,396 restricted stock units, vesting in four equal annual installments beginning on February 20, 2026. 25 percent of the restricted stock units became vested on February 20, 2026, an additional 25 percent of the restricted stock units will vest on February 20, 2027, an additional 25 percent of the restricted stock units will vest on February 20, 2028, and the remaining balance of 25 percent of the restricted stock units will vest on February 20, 2029.
