Form 4: e.l.f. Beauty CEO Tarang Amin Reports Significant Stock Transfers to Family Entities

e.l.f. Beauty, Inc. CEO and Director Tarang Amin disclosed multiple transfers of common stock to family partnerships and trusts, and his spouse, through gift transactions in early June 2025.

Summary

• Tarang Amin, CEO and Director of e.l.f. Beauty, Inc. (ELF), reported several non-sale transactions involving the company's common stock.
• On June 10, 2025, Mr. Amin transferred 35,434 shares of common stock to the Amin Family General Partnership via gift.
• Also on June 10, 2025, Mr. Amin transferred 35,434 shares of common stock directly to his spouse via gift, correcting a previous filing that incorrectly listed it as an indirect gift.
• Additionally, on June 10, 2025, Mr. Amin transferred 16,950 shares of common stock to a Family Trust via gift.
• On June 11, 2025, Mr. Amin transferred 40,295 shares of common stock to the 2025 Family Trust I via gift.
• Also on June 11, 2025, Mr. Amin transferred another 40,295 shares of common stock to the 2025 Family Trust II via gift.
• All reported transactions were coded as 'G' for gift, indicating no monetary consideration was exchanged.
• Following these transactions, Mr. Amin's direct beneficial ownership of common stock is 115,718 shares, which includes 81,818 restricted stock units.
• Indirect beneficial ownership includes 549,122 shares held by the Amin Family General Partnership, 228,037 shares by a Family Trust, 40,295 shares by 2025 Family Trust I, and 40,295 shares by 2025 Family Trust II.

Sentiment

Score: 5

Explanation: The document is a factual report of insider stock transfers (gifts) and does not contain information that would significantly alter the sentiment towards the company. Gifts are generally neutral in terms of market sentiment compared to sales or purchases.

Positives

• The transactions represent gifts of shares rather than sales, indicating that the shares remain within the beneficial ownership of the CEO's family, which can be viewed as a long-term commitment to the company's success.
• The CEO continues to hold a significant number of shares directly and indirectly, including 81,818 restricted stock units.

Negatives

• NA

Risks

• NA

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of insider stock transactions and does not provide information related to broader industry trends or competitive landscape within the beauty and cosmetics sector.

Related Party Transactions

• Tarang Amin transferred 35,434 shares of common stock to the Amin Family General Partnership.
• Tarang Amin transferred 35,434 shares of common stock directly to his spouse.
• Tarang Amin transferred 16,950 shares of common stock to a Family Trust.
• Tarang Amin transferred 40,295 shares of common stock to the 2025 Family Trust I.
• Tarang Amin transferred 40,295 shares of common stock to the 2025 Family Trust II.

Stakeholder Impact

• Shareholders: The transfers are gifts, meaning the shares remain within the CEO's family's beneficial ownership, which may be viewed as a continued long-term alignment of interests.
• Employees, Customers, Suppliers, Creditors: No direct impact from these insider stock transfers.

Key Dates

Keywords

e.l.f. Beauty, ELF, Tarang Amin, SEC Form 4, Insider Transaction, Stock Transfer, Gift, CEO, Director, Beneficial Ownership