e.l.f. Beauty (NYSE: ELF) insider sale tied to RSU tax obligations reported

Rhea-AI Filing Summary

e.l.f. Beauty, Inc. executive reports routine share sale linked to tax withholding

A senior executive of e.l.f. Beauty, Inc. reported the sale of 906 shares of common stock on 12/04/2025 at a price of $79.83 per share. The filing states that the shares were sold solely to satisfy tax or other government withholding obligations arising from the vesting of Restricted Stock Units (RSUs). After this transaction, the reporting person beneficially owned 96,500 shares directly, which includes 45,925 RSUs, and 22,761 shares held indirectly through the Milsten/Conner Trust dated October 17, 2008. The reporting person serves as Senior Vice President, General Counsel, Corporate Secretary & Chief People Officer.

Insider Trade Summary

Net Seller: 906 shares ($72,326)

Net Sell 2 txns

Insider Milsten Scott

Role Insider

Sold 906 shs ($72K)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.01 par value	906	$79.83	$72K
holding	Common Stock, $0.01 par value	--	--	--

Holdings After Transaction: Common Stock, $0.01 par value — 96,500 shares (Direct); Common Stock, $0.01 par value — 22,761 shares (Indirect, By Milsten/Conner Trust dated October 17, 2008)

Footnotes (1)

1. The shares were sold solely to satisfy tax or other government withholding obligations in connection with the vesting of shares subject to Restricted Stock Units ("RSUs") of the Issuer. Includes 45,925 RSUs.

Form 4 Insider Transactions: What Each Field Means →

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

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^*

Milsten Scott

(Last) (First) (Middle)

C/O E.L.F. BEAUTY, INC.

601 12TH STREET, SUITE 1400

(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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			See remarks

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025

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	12/04/2025		S(1)		906	D	$79.83	96,500(2)	D
Common Stock, $0.01 par value								22,761	I	By Milsten/Conner Trust dated October 17, 2008

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. The shares were sold solely to satisfy tax or other government withholding obligations in connection with the vesting of shares subject to Restricted Stock Units ("RSUs") of the Issuer.

2. Includes 45,925 RSUs.

Remarks:

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

	/s/ Scott K. Milsten	12/08/2025
	** 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 insider transaction did e.l.f. Beauty (ELF) report in this Form 4?

A company executive reported selling 906 shares of e.l.f. Beauty common stock on 12/04/2025 at a price of $79.83 per share.

Why were shares sold by the e.l.f. Beauty (ELF) insider?

The filing explains that the shares were sold solely to satisfy tax or other government withholding obligations related to the vesting of Restricted Stock Units (RSUs).

How many e.l.f. Beauty (ELF) shares does the insider own after the transaction?

Following the transaction, the reporting person beneficially owned 96,500 shares directly (including 45,925 RSUs) and 22,761 shares indirectly through the Milsten/Conner Trust dated October 17, 2008.

What is the role of the reporting person at e.l.f. Beauty (ELF)?

The reporting person serves as Senior Vice President, General Counsel, Corporate Secretary & Chief People Officer of e.l.f. Beauty, Inc.

Is this e.l.f. Beauty (ELF) Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person.

Does this e.l.f. Beauty (ELF) Form 4 involve derivative securities?

The Table II section for derivative securities is present but shows no reported derivative transactions in this filing; RSUs are included within the beneficial ownership figure.