The cluster is likely vesting-driven (grants on June 3 followed by sales on June 4). Monitor next 10-Q for any fundamental deterioration, but this insider activity alone does not warrant a bearish stance. The historical calibration suggests over-scoring on ELF has been costly — maintain a neutral posture here.
Price Chart
Executive Summary
Six insiders at e.l.f. Beauty sold a total of $2.65M in open-market transactions over a 7-day window, with five executives selling on the same day (June 4, 2026) at $51.94. The cluster includes the CEO receiving a large grant (non-cash) the prior day, but the open-market sales by the CCO, SVP, and other senior leaders represent 0.09% of the $3.1B market cap — below the 0.1% materiality threshold. The timing aligns with a vesting/grant event on June 3, suggesting these sales are liquidity-driven rather than signaling a bearish view.
Key Financial Metrics
Key Facts
- Six insiders sold a combined $2.65M in open-market sales over 7 days (May 28 – June 4, 2026)
- Five insiders sold on June 4, 2026, at $51.94/share, totaling $2.22M
- Total open-market sales represent ~0.09% of ELF's $3.1B market cap — below the 0.1% materiality threshold
- CEO Tarang Amin received a non-cash grant of 71,167 shares on June 3, 2026 ($0 value)
- Four other insiders received non-cash grants of 42,315 shares each on June 3, 2026 ($0 value)
- The June 4 sales follow a large vesting/grant event on June 3, consistent with share withholding for tax or liquidity purposes
- Historical performance on ELF reports shows a 25% win rate at T+20 with average alpha of -3.52%, suggesting prior calls have been over-scored
Financial Impact
Open-market sales of $2.65M represent 0.09% of market cap — immaterial relative to company size
Risk Factors
- Insider sales could accelerate if the stock continues to decline (current price $51.94 vs. recent highs)
- The CEO's large grant (71,167 shares) may create future overhang if sold in subsequent quarters
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ELF-1780690273971 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 5w ago | Insider Cluster | $95.76 $105.96 | ▲ +10.65% | ▲ +8.53% | $113.54 (+18.57%) |
Aug 21, 2026 8w ago | Insider Cluster | $105.95 $102.12 | ▼ −3.61% | ▼ −4.93% | $113.54 (+7.16%) |
Aug 21, 2026 8w ago | Insider Cluster | $105.95 $102.12 | ▼ −3.61% | ▼ −4.93% | $113.54 (+7.16%) |
Aug 21, 2026 8w ago | Insider Cluster | $105.95 $102.12 | ▼ −3.61% | ▼ −4.93% | $113.54 (+7.16%) |
Jul 2, 2026 15w ago | Insider Cluster | $76.42 $82.89 | ▲ +8.47% | ▲ +8.16% | $113.54 (+48.57%) |
Jul 2, 2026 15w ago | Insider Cluster | $76.42 $82.26 | ▲ +7.64% | ▲ +8.06% | $113.54 (+48.57%) |
Jul 2, 2026 15w ago | Insider Cluster | $76.42 $82.26 | ▼ −7.64% | ▼ −8.06% | $113.54 (−48.57%) |
Jun 5, 2026 19w ago | Insider Cluster | $52.28 $73.49 | ▲ +40.57% | ▲ +38.94% | $113.54 (+117.18%) |
May 20, 2026 21w ago | 8-K | $53.12 $63.30 | ▲ +19.16% | ▲ +18.83% | $113.54 (+113.74%) |
Apr 27, 2026 25w ago | Insider Cluster | $63.72 $54.13 | ▲ +15.05% | ▲ +20.01% | $113.54 (−78.19%) |
US Market Status
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