Lauren Cooks Levitan - Nov 24, 2025 Form 4 Insider Report for e.l.f. Beauty, Inc. (ELF)

Role: Director
Signature: /s/ Scott K. Milsten, Attorney-in-Fact for Lauren Cooks Levitan
Stock symbol: ELF
Transactions as of: Nov 24, 2025
Transactions value $: -$248,133
Form type: 4
Date filed: 11/26/2025, 04:11 PM
Previous filing: Aug 25, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Levitan Lauren Cooks	Director	C/O E.L.F. BEAUTY, INC., 601 12TH STREET, SUITE 1400, OAKLAND	/s/ Scott K. Milsten, Attorney-in-Fact for Lauren Cooks Levitan	2025-11-26	0001683786

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	$21.4K	+2.6K	+20.46%	$8.23	15.3K	Nov 24, 2025	Direct	F1
transaction	ELF	Common Stock, $0.01 par value	Sale	-$186K	-2.6K	-16.98%	$71.71	12.7K	Nov 24, 2025	Direct	F1, F2
transaction	ELF	Common Stock, $0.01 par value	Sale	-$83.1K	-1.16K	-9.13%	$71.63	11.6K	Nov 24, 2025	Direct	F1

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	-2.6K	-25.21%	$0.00	7.71K	Nov 24, 2025	Common Stock	2.6K	$8.23	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 1,203 restricted stock units.
F2	The transaction was executed in multiple trades in prices ranging from $71.68 to $71.76, 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.

Content

Includes 1,203 restricted stock units.

The transaction was executed in multiple trades in prices ranging from $71.68 to $71.76, 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.