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
Dec 31, 2025
Reporting period
Not applicable
Filed with the SEC
Jan 5, 2026
CFOOption 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
0001628280-26-000662
Filed / recorded
Jan 5, 2026, 10:49 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
Maurizio Nicolelli
Relationship
Officer
Officer title
Executive Vice President & CFO
Security
Restricted Stock Units
Table
Derivative (Table II)
Transaction date
Dec 31, 2025
Transaction code
M
Shares / units
13,925
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
6,960
Ownership form
Direct
Amendment
No
Footnotes from the filing
Represents restricted stock units received under a share matching plan in connection with the officer's purchase of common stock, par value $0.001 per share of ExlService Holdings, Inc.
On March 31, 2022, the reporting person was granted 20,885 restricted stock units, after adjustment for the 5-for-1 forward stock split, effective August 1, 2023, vesting in two installment installments beginning on the second anniversary of the grant date. 33% of the restricted stock units became vested on March 31, 2024, and the remaining balance of 67% of the restricted stock units became vested on March 31, 2025.
