STOCK TITAN

Tarang Amin (NYSE: ELF) granted RSUs, updates large share holdings

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

e.l.f. Beauty, Inc. Chief Executive Officer Tarang Amin reported updated equity holdings. On June 3, 2026, he received a grant of 71,167 shares of common stock in the form of Restricted Stock Units that vest in four equal annual installments, subject to continued service. Following this grant, he directly holds 151,422 shares of common stock, which include 110,496 RSUs.

The filing also details several indirect holdings in e.l.f. Beauty stock through multiple family trusts, a family partnership, and GRAT vehicles. It further notes a prior transaction on June 4, 2025, when 15,829 shares were sold at $51.94 per share to satisfy tax and other government withholding obligations related to RSU vesting.

Positive

  • None.

Negative

  • None.

Insights

Routine equity grant and tax-related sale, overall neutral signal.

CEO Tarang Amin received a grant of 71,167 Restricted Stock Units in e.l.f. Beauty common stock. These RSUs vest in four equal annual installments, tying a large portion of his compensation to future service and the company’s share performance.

After this grant, Amin directly holds 151,422 shares, including 110,496 RSUs, plus additional indirect holdings through family trusts and a family partnership. The Form 4 also reports a prior sale of 15,829 shares at $51.94 per share on June 4, 2025. Footnotes state this sale was solely to cover tax and other government withholding obligations from RSU vesting, indicating a mechanistic, not discretionary, disposition.

With no derivative positions reported and a substantial remaining equity stake across direct and indirect holdings, these updates look like standard executive compensation and tax management rather than a change in outlook. The overall impact on an investment thesis appears neutral based on the information provided.

Insider AMIN TARANG
Role Chief Executive Officer
Sold 15,829 shs ($822K)
Type Security Shares Price Value
Grant/Award Common Stock, $0.01 par value 71,167 $0.00 --
holding Common Stock, $0.01 par value -- -- --
holding Common Stock, $0.01 par value -- -- --
holding Common Stock, $0.01 par value -- -- --
holding Common Stock, $0.01 par value -- -- --
holding Common Stock, $0.01 par value -- -- --
holding Common Stock, $0.01 par value -- -- --
holding Common Stock, $0.01 par value -- -- --
holding Common Stock, $0.01 par value -- -- --
Sale Common Stock, $0.01 par value 15,829 $51.94 $822K
Holdings After Transaction: Common Stock, $0.01 par value — 151,422 shares (Direct, null); Common Stock, $0.01 par value — 12,661 shares (Indirect, By Family Trust)
Footnotes (1)
  1. Reflects Restricted Stock Units ("RSUs") that vest in four equal annual installments subject to continued service and does not include Performance Stock Units that vest based upon performance metrics, which are expected to be reported upon achievement. The shares were sold solely to satisfy tax or other government withholding obligations in connection with the vesting of shares subject to RSUs of the Issuer. Includes 110,496 RSUs.
RSU grant 71,167 shares Restricted Stock Units granted on June 3, 2026
Direct holdings after grant 151,422 shares Common stock directly held after June 3, 2026 grant
RSUs included in holdings 110,496 RSUs Portion of direct holdings comprised of RSUs
Tax-related sale 15,829 shares Shares sold June 4, 2025 to satisfy tax and withholding
Sale price $51.94 per share Price for 15,829 shares sold June 4, 2025
Amin Family General Partnership holding 468,532 shares Indirect common stock holding via Amin Family General Partnership
2025 Family Trust II holding 40,295 shares Indirect common stock holding via 2025 Family Trust II
Restricted Stock Units ("RSUs") financial
"Reflects Restricted Stock Units ("RSUs") that vest in four equal annual installments"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Performance Stock Units financial
"does not include Performance Stock Units that vest based upon performance metrics"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
withholding obligations financial
"shares were sold solely to satisfy tax or other government withholding obligations"
GRAT financial
"The Hirni Amin 2025 GRAT"
Family Trust financial
"By Family Trust"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
AMIN TARANG

(Last)(First)(Middle)
C/O E.L.F. BEAUTY, INC.
601 12TH STREET, SUITE 1400

(Street)
OAKLAND CALIFORNIA 94607

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
e.l.f. Beauty, Inc. [ ELF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, $0.01 par value06/03/2026A(1)71,167A$0151,422D
Common Stock, $0.01 par value06/04/2025S(2)15,829D$51.94135,593(3)D
Common Stock, $0.01 par value12,661IBy Family Trust
Common Stock, $0.01 par value265,769IBy Family Trust
Common Stock, $0.01 par value265,769IBy Family Trust
Common Stock, $0.01 par value20,326IThe Tarang Amin 2025 GRAT
Common Stock, $0.01 par value20,326IThe Hirni Amin 2025 GRAT
Common Stock, $0.01 par value468,532IBy Amin Family General Partnership
Common Stock, $0.01 par value40,295IBy 2025 Family Trust I
Common Stock, $0.01 par value40,295IBy 2025 Family Trust II
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects Restricted Stock Units ("RSUs") that vest in four equal annual installments subject to continued service and does not include Performance Stock Units that vest based upon performance metrics, which are expected to be reported upon achievement.
2. The shares were sold solely to satisfy tax or other government withholding obligations in connection with the vesting of shares subject to RSUs of the Issuer.
3. Includes 110,496 RSUs.
/s/ Scott K. Milsten, Attorney-in-Fact for Tarang Amin06/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did e.l.f. Beauty (ELF) CEO Tarang Amin receive in this Form 4 filing?

Tarang Amin received a grant of 71,167 Restricted Stock Units in e.l.f. Beauty common stock. These RSUs vest in four equal annual installments, subject to continued service, increasing his direct reported holdings to 151,422 shares, including 110,496 RSUs.

How many e.l.f. Beauty (ELF) shares does the CEO hold after the reported transactions?

After the reported grant, CEO Tarang Amin directly holds 151,422 shares of e.l.f. Beauty common stock. This total includes 110,496 Restricted Stock Units, alongside additional indirect holdings through various family trusts, a family partnership, and GRAT structures disclosed in the filing.

Was there a sale of e.l.f. Beauty (ELF) shares in the Form 4 and why?

Yes. The filing reports a sale of 15,829 shares on June 4, 2025 at $51.94 per share. Footnotes explain the shares were sold solely to satisfy tax and other government withholding obligations related to the vesting of previously granted Restricted Stock Units.

How do the new RSUs for the e.l.f. Beauty (ELF) CEO vest over time?

The 71,167 Restricted Stock Units granted to CEO Tarang Amin vest in four equal annual installments. Each year, subject to his continued service, one-quarter of the RSUs converts into e.l.f. Beauty common shares, gradually delivering the full award over the four-year period.

Does the Form 4 show any remaining stock options or derivatives for e.l.f. Beauty (ELF) CEO?

The derivative section in the data provided is empty, indicating no remaining derivative securities like stock options or warrants are reported in this Form 4. The focus is on common stock, time-vested RSUs, and indirect share holdings through family-related entities.