X0306 4 2022-06-01 0 0001600033 e.l.f. Beauty, Inc. ELF 0001513988 AMIN TARANG C/O E.L.F. BEAUTY, INC. 570 10TH STREET OAKLAND CA 94607 1 1 0 0 Chief Executive Officer Common Stock, $0.01 par value 2022-06-01 4 S 0 34821 26.1582 D 986004 I By Family Trust Common Stock, $0.01 par value 2022-06-01 4 S 0 3870 26.1843 D 419655 I By Family Trust Common Stock, $0.01 par value 2022-06-01 4 S 0 3870 26.1910 D 419655 I By Family Trust Common Stock, $0.01 par value 2022-06-01 4 A 0 79780 0 A 513974 D Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person. The transaction was executed in multiple trades in prices ranging from $25.82 to $26.48, 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. Reflects the transfer of 170,000 shares previously held indirectly by the Reporting Person into a family trust. The transaction was executed in multiple trades in prices ranging from $25.92 to $26.42, 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. Reflects the transfer of 85,000 shares previously held indirectly by the Reporting Person into a family trust. The transaction was executed in multiple trades in prices ranging from $25.96 to $26.42, 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. Reflects Restricted Stock Units ("RSUs") that vest in four equal annual installments subject to continued service and does not include Performance Stock Units that vest based upon performance metrics, which are expected to be reported upon achievement. Includes 131,462 RSUs. The Reporting Person is entitled to receive one (1) share of common stock for each one (1) RSU upon the vesting thereof. /s/ Scott K. Milsten, Attorney-in-Fact for Tarang Amin 2022-06-03