X0508 4 2026-02-19 0 0001297989 ExlService Holdings, Inc. EXLS 0001373630 Kapoor Rohit 320 PARK AVENUE, 29TH FLOOR NEW YORK NY 10022 1 1 0 0 Chairman & CEO 0 Common Stock, par value $0.001 per share 885670 I See Footnote Common Stock, par value $0.001 per share 420000 I See Footnote Common Stock, par value $0.001 per share 420000 I See Footnote Common Stock, par value $0.001 per share 665925 I See Footnote Common Stock, par value $0.001 per share 201095 I See footnote Common Stock, par value $0.001 per share 2026-02-20 4 M 0 24236 0 A 1288689 D Restricted Stock Units 2026-02-19 4 A 0 158628 0 A Common Stock, par value $0.001 per share 158628 158628 D Restricted Stock Units 2026-02-20 4 M 0 24236 0 D Common Stock, par value $0.001 per share 24236 72708 D Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2005 GRAT. Owned by the Rohit Kapoor Spousal Lifetime Access Trust. Owned by the Shikha Kapoor 2005 Family Trust. Owned by the Rohit Kapoor 2016 Family Trust Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2013 GRAT. 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. Owned by Rohit Kapoor. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement. The restricted stock units will vest in four equal annual installments, beginning on February 19, 2027. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2025 Omnibus Incentive Plan). On June 17, 2025, the reporting person was granted 96,944 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. On February 19, 2026, the reporting person was also granted performance-based restricted stock units that are subject to material conditions beyond the reporting person's control, and, therefore, are not considered derivative securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and are excluded from this report. Remarks: Mr. Ayyappan is the Company's General Counsel. /s/ Ajay Ayyappan, Attorney-in-Fact 2026-02-23