Scott Milsten - Dec 5, 2023 Form 4 Insider Report for e.l.f. Beauty, Inc. (ELF)

Signature
/s/ Scott K. Milsten
Stock symbol
ELF
Transactions as of
Dec 5, 2023
Transactions value $
-$741,018
Form type
4
Date filed
12/6/2023, 04:12 PM
Previous filing
Sep 7, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELF Common Stock, $0.01 par value Options Exercise $11K +6K +7.58% $1.84* 85.1K Dec 5, 2023 Direct F1, F2
transaction ELF Common Stock, $0.01 par value Sale -$49.3K -400 -0.47% $123.15 84.7K Dec 5, 2023 Direct F1, F2, F3
transaction ELF Common Stock, $0.01 par value Sale -$386K -3.08K -3.64% $125.21 81.6K Dec 5, 2023 Direct F1, F2, F4
transaction ELF Common Stock, $0.01 par value Sale -$317K -2.52K -3.08% $125.86 79.1K Dec 5, 2023 Direct F1, F2, F5
holding ELF Common Stock, $0.01 par value 22.8K Dec 5, 2023 By Milsten/Conner Trust dated October 17, 2008

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ELF Stock Option (Right to Buy) Options Exercise $0 -6K -100% $0.00* 0 Dec 5, 2023 Common Stock 6K $1.84 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 28, 2022.
F2 Includes 63,714 restricted stock units.
F3 The transaction was executed in multiple trades in prices ranging from $123.05 to $123.31, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F4 The transaction was executed in multiple trades in prices ranging from $124.57 to $125.55, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F5 The transaction was executed in multiple trades in prices ranging from $125.57 to $126.39, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F6 Fully vested.

Remarks:

Senior Vice President, General Counsel, Corporate Secretary & Chief People Officer