X0306 5 2016-12-31 0 0 0 0001600033 e.l.f. Beauty, Inc. ELF 0001683794 Shamah Joseph A. C/O E.L.F. BEAUTY, INC. 570 10TH STREET OAKLAND CA 94607 1 0 1 0 Common Stock, $0.01 par value 2016-12-02 5 G 0 300000 0.00 D 6522098 I By J.A. Cosmetics Corp. Common Stock, $0.01 par value 2016-12-20 5 G 0 100000 0.00 D 6422098 I By J.A. Cosmetics Corp. Common Stock, $0.01 par value 86112 D The shares reported as disposed of herein were transferred as gifts to certain charitable organizations and remain subject to the terms of a lock-up agreement between the reporting person and the underwriters in connection with the Company's initial public offering on September 27, 2016. Represents shares of the Issuer's Common Stock held directly by J.A. Cosmetics Corp. The Reporting Person is an officer, director and stockholder of J.A. Cosmetics Corp. The Reporting Person disclaims beneficial ownership of the shares held by J.A. Cosmetics Corp. except to the extent of his pecuniary interest therein. /s/ Joseph A. Shamah 2017-02-08