e.l.f. Beauty (ELF) CEO Amin Tarang Exercises Options

What Happened

Amin Tarang, CEO of e.l.f. Beauty (ELF), exercised stock options on July 1, 2026 to acquire 71,000 shares at an exercise price of $26.84 per share, for a total cash outlay of $1,905,640. The same filing also shows a corresponding derivative "Disposed" entry for 71,000 shares at $0.00. The Form 4 is an amendment filed on September 3, 2026 to correct the number of options exercised.

Key Details

• Transaction date: July 1, 2026. Exercise code: M (option exercise).
• Acquired: 71,000 shares at $26.84 each = $1,905,640. Disposed: 71,000 shares (derivative) at $0.00 per share (reported as derivative conversion/settlement).
• Footnotes: F1 — transaction executed under a 10b5-1 trading plan adopted June 13, 2025; F2 — filing reflects corrected number of shares outstanding after the transactions; F3 — holdings include 110,496 restricted stock units; F4 — the option exercised was fully vested and exercisable.
• Amendment and timeliness: This is an amended Form 4 filed Sept 3, 2026 to correct the exercised option count (original filing/reporting was delayed relative to the July 1 transaction).

Context

• This was an exercise of vested options (a purchase of shares via option exercise). The zero-dollar "Disposed" derivative entry typically indicates conversion/settlement mechanics (e.g., net issuance or conversion of a derivative) rather than an open-market sale, but the filing does not show an open-market sale for proceeds.
• The 10b5-1 plan note means the exercise was executed under a pre-established trading plan.