[Form 4] e.l.f. Beauty, Inc. Insider Trading Activity

Rhea-AI Filing Summary

e.l.f. Beauty (ELF) CEO Tarang Amin reported insider transfers of common stock to family trusts on 11/11/2025 and 11/12/2025. The Form 4 lists Code G transactions at $0, including a transfer of 37,570 shares and additional trust re-titlings of 18,785 shares.

Following the reported transactions, direct holdings were 122,470 shares, which include 81,818 restricted stock units. The filing also shows indirect holdings, including 37,570 shares by a Family Trust, 468,532 shares by the Amin Family General Partnership, and 40,295 shares each by 2025 Family Trust I and II.

SEC Form 4

FORM 4

UNITED 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

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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.

570 10TH STREET

(Street)

OAKLAND CA 94607

(City) (State) (Zip)

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value	11/11/2025		G(1)		37,570	D	$0	122,470(2)	D
Common Stock, $0.01 par value	11/11/2025		G		37,570	A	$0	37,570	I	By Family Trust
Common Stock, $0.01 par value	11/12/2025		G(1)		18,785	D	$0	18,785	I	By Family Trust
Common Stock, $0.01 par value	11/12/2025		G(1)		18,785	D	$0	0	I	By Family Trust
Common Stock, $0.01 par value	11/12/2025		G		18,785	A	$0	246,822	I	By Family Trust
Common Stock, $0.01 par value	11/12/2025		G		18,785	A	$0	246,822	I	By Family Trust
Common Stock, $0.01 par value								468,532	I	By Amin Family General Partnership
Common Stock, $0.01 par value								40,295	I	By 2025 Family Trust I
Common Stock, $0.01 par value								40,295	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a transfer to the Family Trusts.

2. Includes 81,818 restricted stock units.

	/s/ Scott K. Milsten, Attorney-in-Fact for Tarang Amin	11/13/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did e.l.f. Beauty (ELF) disclose in this Form 4?

The CEO, Tarang Amin, reported Code G transfers of common stock to family trusts on 11/11/2025 and 11/12/2025 at $0.

How many shares were moved in the reported trust transfers?

The filing lists a 37,570-share transfer and additional 18,785-share re-titlings tied to family trusts.

What are the CEO’s direct holdings after these transactions?

122,470 shares directly held, including 81,818 restricted stock units.

What indirect holdings were reported?

Indirect positions include 37,570 shares by a Family Trust, 468,532 by the Amin Family General Partnership, and 40,295 each by 2025 Family Trust I and II.

What does Transaction Code G indicate on Form 4?

Code G denotes a bona fide gift or transfer, here shown at $0 price.

Is there any sale for cash in this disclosure?

No. The reported transactions are Code G transfers at $0.