AMIN TARANG 4

What Happened Amin Tarang, CEO of e.l.f. Beauty (ELF), received an award of 71,167 restricted stock units (RSUs) on 2026-06-03 (grant reported at $0.00). The filing also records a prior sale on 2025-06-04 of 15,829 shares at $51.94 each, totaling $822,158. The 2025 sale was used to satisfy tax or other government withholding obligations tied to RSU vesting (a common "sell-to-cover" practice), while the new RSU grant vests over time and is not an immediate open-market purchase.

Key Details

• Transaction dates and amounts:
  • 2026-06-03 — Award/Grant (A): 71,167 RSUs @ $0.00 (no cash purchase price for RSUs)
  • 2025-06-04 — Sale (S): 15,829 shares @ $51.94 = $822,158 (open market / sell-to-cover)
• Shares owned after transaction: not specified in the provided excerpt; filing notes include 110,496 RSUs (see footnote).
• Important footnotes:
  • F1: These RSUs vest in four equal annual installments subject to continued service; performance stock units (PSUs) are separate and will be reported when earned.
  • F2: The 2025 sale was solely to satisfy tax or other government withholding for vested RSUs (sell-to-cover).
  • F3: Filing includes 110,496 RSUs (as reported).
• Filing timeliness: no late-filing flag indicated in the provided excerpt.

Context RSU grants are compensation that convert into shares only as they vest (service- or performance-based); they are not an immediate cash outlay by the insider and do not signal a market purchase. The 2025 sale appears routine sell-to-cover for taxes on vested RSUs rather than a directional bet on the stock. Performance-based awards (PSUs) tied to e.l.f.’s metrics are noted separately and will be reported if/when they vest.