e.l.f. Beauty, Inc. — Director's Dealing 2021

Apr 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: e.l.f. Beauty, Inc. (ELF)
CIK: 0001600033
Period of Report: 2021-04-19

Reporting Person: Milsten Scott (See remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-19	Common Stock, $0.01 par value	M	300	$1.84	Acquired	177293	Direct
2021-04-19	Common Stock, $0.01 par value	S	300	$29.9150	Disposed	176993	Direct
2021-04-20	Common Stock, $0.01 par value	M	1600	$1.84	Acquired	178593	Direct
2021-04-20	Common Stock, $0.01 par value	S	1600	$29.9931	Disposed	176993	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-19	Stock Option (Right to Buy)	$1.84	M	300	Disposed	2025-08-12	Common Stock (300)	Direct
2021-04-20	Stock Option (Right to Buy)	$1.84	M	1600	Disposed	2025-08-12	Common Stock (1600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	52363	Indirect

Footnotes

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F2: The transaction was executed in multiple trades in prices ranging from $29.98 to $30.03, 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.

F3: Fully vested.