AMIN TARANG 4

What Happened
Amin Tarang, CEO of e.l.f. Beauty, reported a sale and several gift transfers. On 2025-06-09 he sold 7,000 shares in an open-market or private sale at $51.53 per share for $360,710. The filing also reports gift transactions on 2026-06-10 that total 48,855 shares (18,097 and 30,758 shares); those gift entries show no cash proceeds.

Key Details

• Transaction dates and amounts:
  • 2025-06-09: Sale of 7,000 shares @ $51.53 for $360,710 (code S).
  • 2026-06-10: Gifts of 18,097 shares and 30,758 shares (codes G); no cash received.
• Shares owned after transaction: filing notes holdings "include 110,496 RSUs" (footnote F2).
• Footnotes: F1 states the 7,000-share sale was solely to satisfy tax or other government withholding related to RSU vesting. F2 notes inclusion of 110,496 RSUs in reported holdings.
• Timing/filing note: The sale dated 2025-06-09 appears in a filing dated 2026-06-11, which suggests the sale was reported well after the typical 2-business-day Form 4 deadline.

Context

• The 7,000-share sale was a tax-withholding sale tied to RSU vesting (per footnote), a routine administrative event rather than an independent investment decision.
• Gift transactions do not necessarily indicate the insider's view of the stock; they often reflect estate planning or transfers to family/trusts.
• For retail investors, purchases are generally more informative than routine sales for tax or withholding reasons; these reported moves do not by themselves signal a change in the CEO’s confidence in the company.