Form 4: E.L.F. Beauty Director Lauren Cooks Levitan Executes Stock Option and Sells Shares
SEC Form 4 Filing
Lauren Cooks Levitan, a director at e.l.f. Beauty, Inc., exercised stock options and sold shares on June 3, 2024.
Summary
- On June 3, 2024, Lauren Cooks Levitan, a director of e.l.f. Beauty, Inc., exercised a stock option to purchase 3,726 shares of common stock at a price of $8.23 per share.
- Following the exercise of the option, Ms. Levitan sold 3,726 shares at $195.3632 per share and 2,642 shares at $196.235 per share.
- After these transactions, Ms. Levitan directly owns 16,676 shares of e.l.f. Beauty common stock, which includes 1,169 restricted stock units, and 27,324 stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The director exercised options and sold shares, which is a common practice.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 06/23/2021 | Date stock options were exercisable |
| 06/03/2024 | Date of stock option exercise and share sales |
| 06/05/2024 | Date of Form 4 filing |
| 08/09/2026 | Expiration date of stock options |
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