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

Feb 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: e.l.f. Beauty, Inc. (ELF)
CIK: 0001600033
Period of Report: 2021-02-08

Reporting Person: SIMMONS SABRINA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-08	Common Stock, $0.01 par value	M	27600	$3.51	Acquired	51355	Direct
2021-02-08	Common Stock, $0.01 par value	S	27600	$22.9231	Disposed	23755	Direct
2021-02-08	Common Stock, $0.01 par value	S	16281	$22.9728	Disposed	7474	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Stock Option (Right to Buy)	$3.51	M	27600	Disposed	2026-03-28	Common Stock (27600)	Direct

Footnotes

F1: Includes 7,474 Restricted Stock Units ("RSUs"). The Reporting Person is entitled to receive one (1) share of common stock for each one (1) RSU upon the vesting thereof.

F2: The transaction was executed in multiple trades in prices ranging from $22.91 to $23.03, 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: The transaction was executed in multiple trades in prices ranging from $22.93 to $23.14, 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.

F4: Twenty percent (20%) of the stock options vest and become exercisable on each anniversary of March 17, 2016 until all such stock options have vested and become exercisable, subject to the Reporting Person's continued service relationship with the Issuer on each such vesting date.