SEC Form SC 13G/A filed by e.l.f. Beauty Inc. (Amendment)

2/13/23 3:26:09 PM ET

Package Goods/Cosmetics

Consumer Discretionary

Get the next $ELF alert in real time by email

SC 13G/A 1 ELF_123122.txt CHAMPLAIN 13G TICKER ELF UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ________)* e.l.f. Beauty, Inc. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 26856L103 (CUSIP Number) 12/31/2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: /X/ Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. 13G CUSIP No. 26856L103 1. Names of Reporting Persons. Champlain Investment Partners, LLC 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Vermont Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power 418945 8. Shared Voting Power 9. Sole Dispositive Power 550670 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 550670 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11) 1.04% 14. Type of Reporting Person (See Instructions) IA 13G CUSIP No. 26856L103 ITEM 1. (a) Name of Issuer: e.l.f. Beauty, Inc. (b) Address of Issuer's Principal Executive Offices: 570 10TH STREET OAKLAND, CALIFORNIA 94607 ITEM 2. (a) Name of Person Filing: Champlain Investment Partners, LLC (b) Address of Principal Business Office, or if None, Residence: 180 Battery St., Burlington, Vermont 05401 (c) Citizenship: Vermont (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 26856L103 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [_] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [_] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [_] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a- 8). (e) [x] An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a- 3); (j) [_] Group, in accordance with ss.240.13d- 1(b)(1)(ii)(J). ITEM 4. OWNERSHIP. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 550670 (b) Percent of class: 1.04% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 418945 (ii) Shared power to vote or to direct the vote (iii) Sole power to dispose or to direct the disposition of 550670 (iv) Shared power to dispose or to direct the disposition of INSTRUCTION. For computations regarding securities which represent a right to acquire an underlying security SEE ss.240.13d3(d)(1). ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. INSTRUCTION: Dissolution of a group requires a response to this item. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. If a parent holding company or Control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. If a group has filed this schedule pursuant to ss.240.13d- 1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the identity of each member of the group. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. ITEM 10. CERTIFICATIONS. (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b): "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect." (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect." SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: 2/13/2023 Signature: Matthew Garcia Name/Title: Matthew Garcia / Chief Compliance Officer The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties for whom copies are to be sent. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

Get the next $ELF alert in real time by email

Recent Analyst Ratings for

$ELF

Date	Price Target	Rating	Analyst
7/17/2026	$90.00 → $97.00	Buy	Canaccord Genuity
6/12/2026	$60.00	Mkt Perform	Bernstein
5/1/2026	$67.00	Overweight → Equal-Weight	Morgan Stanley
4/3/2026	$68.00	In-line	Evercore ISI
4/2/2026	$68.00	In-line	Evercore ISI
1/23/2026	$110.00	Buy	Citigroup
1/14/2026	$110.00	Buy	Jefferies
11/6/2025	$100.00	Overweight → Neutral	Piper Sandler

More analyst ratings

SEC Form SC 13G/A filed by e.l.f. Beauty Inc. (Amendment)

2/13/23 3:26:09 PM ET

$ELF

Package Goods/Cosmetics

Consumer Discretionary

Get the next $ELF alert in real time by email

Recent Analyst Ratings for

$ELF

Date	Price Target	Rating	Analyst
7/17/2026	$90.00 → $97.00	Buy	Canaccord Genuity
6/12/2026	$60.00	Mkt Perform	Bernstein
5/1/2026	$67.00	Overweight → Equal-Weight	Morgan Stanley
4/3/2026	$68.00	In-line	Evercore ISI
4/2/2026	$68.00	In-line	Evercore ISI
1/23/2026	$110.00	Buy	Citigroup
1/14/2026	$110.00	Buy	Jefferies
11/6/2025	$100.00	Overweight → Neutral	Piper Sandler

More analyst ratings

SEC Form SC 13G/A filed by e.l.f. Beauty Inc. (Amendment)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$ELF

SEC Form SC 13G/A filed by e.l.f. Beauty Inc. (Amendment)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$ELF

$ELF
Press Releases

e.l.f. Cosmetics is Giving Away Thousands of Driving Lessons to UK Learners

e.l.f. Celebrates Fandom During the Summer of Soccer at the 2026 NWSL Challenge Cup

e.l.f. Beauty’s Change the Board Game Expands Access to Board Leadership Opportunities

$ELF
SEC Filings

SEC Form DEF 14A filed by e.l.f. Beauty Inc.

SEC Form DEFA14A filed by e.l.f. Beauty Inc.

SEC Form 144 filed by e.l.f. Beauty Inc.

$ELF
Insider Trading

Chief Commercial Officer Hartnett Jennifer Catherine sold $2,028,560 worth of shares (25,357 units at $80.00) as part of a pre-agreed trading plan, decreasing direct ownership by 47% to 28,699 units (SEC Form 4)

Chief Executive Officer Amin Tarang exercised 50,164 shares at a strike of $26.84 and sold $3,924,852 worth of shares (50,164 units at $78.24) as part of a pre-agreed trading plan (SEC Form 4)

Amendment: Chief Executive Officer Amin Tarang sold $360,710 worth of shares (7,000 units at $51.53), decreasing direct ownership by 5% to 128,593 units (SEC Form 4) to satisfy tax liability

$ELF
Insider Purchases

Director Farrell Matthew bought $464,814 worth of shares (5,000 units at $92.96), increasing direct ownership by 86% to 10,820 units (SEC Form 4)

$ELF
Financials

e.l.f. Beauty Announces Definitive Agreement to Acquire Naturium

Enthusiast Gaming Reports Year-End 2021 Results

$ELF
Leadership Updates

e.l.f. Lands at ULTA Beauty Mexico, Expanding Accessibility to the Best of Beauty for Every Eye, Lip, and Face

Jamieson Wellness Inc. Announces Appointment of New Board Director

Naturium Debuts First-Ever Pop-Up in Los Angeles, Bringing Biocompatible Skincare to Every One, Every Where, Every Day

$ELF
Analyst Ratings

Canaccord Genuity reiterated coverage on e.l.f. Beauty with a new price target

Bernstein initiated coverage on e.l.f. Beauty with a new price target

e.l.f. Beauty downgraded by Morgan Stanley with a new price target

$ELF
Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by e.l.f. Beauty Inc.

Amendment: SEC Form SC 13G/A filed by e.l.f. Beauty Inc.

Amendment: SEC Form SC 13G/A filed by e.l.f. Beauty Inc.

SEC Form SC 13G/A filed by e.l.f. Beauty Inc. (Amendment)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for $ELF

SEC Form SC 13G/A filed by e.l.f. Beauty Inc. (Amendment)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for $ELF

$ELF Press Releases

e.l.f. Cosmetics is Giving Away Thousands of Driving Lessons to UK Learners

e.l.f. Celebrates Fandom During the Summer of Soccer at the 2026 NWSL Challenge Cup

e.l.f. Beauty’s Change the Board Game Expands Access to Board Leadership Opportunities

$ELF SEC Filings

SEC Form DEF 14A filed by e.l.f. Beauty Inc.

SEC Form DEFA14A filed by e.l.f. Beauty Inc.

SEC Form 144 filed by e.l.f. Beauty Inc.

$ELF Insider Trading

Chief Commercial Officer Hartnett Jennifer Catherine sold $2,028,560 worth of shares (25,357 units at $80.00) as part of a pre-agreed trading plan, decreasing direct ownership by 47% to 28,699 units (SEC Form 4)

Chief Executive Officer Amin Tarang exercised 50,164 shares at a strike of $26.84 and sold $3,924,852 worth of shares (50,164 units at $78.24) as part of a pre-agreed trading plan (SEC Form 4)

Amendment: Chief Executive Officer Amin Tarang sold $360,710 worth of shares (7,000 units at $51.53), decreasing direct ownership by 5% to 128,593 units (SEC Form 4) to satisfy tax liability

$ELF Insider Purchases

Director Farrell Matthew bought $464,814 worth of shares (5,000 units at $92.96), increasing direct ownership by 86% to 10,820 units (SEC Form 4)

$ELF Financials

e.l.f. Beauty Announces Definitive Agreement to Acquire Naturium

Enthusiast Gaming Reports Year-End 2021 Results

$ELF Leadership Updates

e.l.f. Lands at ULTA Beauty Mexico, Expanding Accessibility to the Best of Beauty for Every Eye, Lip, and Face

Jamieson Wellness Inc. Announces Appointment of New Board Director

Naturium Debuts First-Ever Pop-Up in Los Angeles, Bringing Biocompatible Skincare to Every One, Every Where, Every Day

$ELF Analyst Ratings

Canaccord Genuity reiterated coverage on e.l.f. Beauty with a new price target

Bernstein initiated coverage on e.l.f. Beauty with a new price target

e.l.f. Beauty downgraded by Morgan Stanley with a new price target

$ELF Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by e.l.f. Beauty Inc.

Amendment: SEC Form SC 13G/A filed by e.l.f. Beauty Inc.

Amendment: SEC Form SC 13G/A filed by e.l.f. Beauty Inc.

Recent Analyst Ratings for
$ELF

Recent Analyst Ratings for
$ELF

$ELF
Press Releases

$ELF
SEC Filings

$ELF
Insider Trading

$ELF
Insider Purchases

$ELF
Financials

$ELF
Leadership Updates

$ELF
Analyst Ratings

$ELF
Large Ownership Changes