<SEC-DOCUMENT>0001628280-26-009901.txt : 20260219
<SEC-HEADER>0001628280-26-009901.hdr.sgml : 20260219
<ACCEPTANCE-DATETIME>20260219173204
ACCESSION NUMBER:		0001628280-26-009901
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260217
FILED AS OF DATE:		20260219
DATE AS OF CHANGE:		20260219

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Nicolelli Maurizio
		CENTRAL INDEX KEY:			0001472650
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33089
		FILM NUMBER:		26655763

	MAIL ADDRESS:	
		STREET 1:		C/O CASA SYSTEMS, 100 OLD RIVER ROAD
		STREET 2:		SUITE 100
		CITY:			ANDOVER
		STATE:			MA
		ZIP:			01810

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ExlService Holdings, Inc.
		CENTRAL INDEX KEY:			0001297989
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				820572194
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(212) 277-7100

	MAIL ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
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    <footnotes>
        <footnote id="F1">Restricted stock units of ExlService Holdings, Inc. (the &quot;Company&quot;) convert into common stock, par value $0.001 per share (the &quot;Common Stock&quot;) on a one-for-one basis.</footnote>
        <footnote id="F2">Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.</footnote>
        <footnote id="F3">On February 15, 2023, the reporting person was granted 3,288 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 15, 2024, an additional 25 percent of the restricted stock units became vested on February 15, 2025, an additional 25 percent of the restricted stock units became vested on February 15, 2026, and the remaining balance of 25 percent of the restricted stock units will vest on February 15, 2027.</footnote>
        <footnote id="F4">On February 16, 2022, the reporting person was granted 3,884 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 16, 2023, an additional 25 percent of the restricted stock units became vested on February 16, 2024, an additional 25 percent of the restricted stock units became vested on February 16, 2025, and the remaining balance of 25 percent of the restricted stock units became vested on February 16, 2026.</footnote>
    </footnotes>

    <remarks>Mr. Ayyappan is the Company's General Counsel.</remarks>

    <ownerSignature>
        <signatureName>/s/ Ajay Ayyappan, Attorney-in-Fact</signatureName>
        <signatureDate>2026-02-19</signatureDate>
    </ownerSignature>
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