Ulta Beauty

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-03-31 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Ulta Beauty, Inc. (ULTA) CIK: 0001403568 --- Reporting Owner --- Name: Steelman Kecia CIK: 0001866021 Role: Officer (President and CEO) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-03-31 | Code: A (Grant or award) Shares: +10,889 | Price: $0.00 Shares Owned After: 42,489 | Ownership: D (Direct) Footnotes: [F1] Represents grant of 10,889 shares of restricted stock, vesting 100% on March 15, 2029. --- Derivative Transactions --- [Transaction #1] Security: Stock Option (right to buy) Date: 2026-03-31 | Code: A (Grant or award) Shares: +37,070 | Price: $0.00 Exercisable: N/A | Expires: 2036-03-31 Shares Owned After: 37,070 | Ownership: D (Direct) Footnotes: [F2] The options, representing an initial right to purchase a total of 37,070 shares, vesting in 25% annual increments beginning March 15, 2027 and each anniversary thereafter through March 15, 2030. [Transaction #2] Security: Stock Option (right to buy) Date: 2026-03-31 | Code: A (Grant or award) Shares: +68,000 | Price: $0.00 Exercisable: N/A | Expires: 2036-03-31 Shares Owned After: 68,000 | Ownership: D (Direct) Footnotes: [F3] The options, representing an initial right to purchase a total of 68,000 shares of common stock. The performance-based option vests in two tranches, each of which comprises half of the award. The first and second tranche will vest when the average closing stock price (over any consecutive twenty (20)-trading day or thirty (30)-calendar day period) represents a CAGR of 8% and 18%, respectively, from the base price. Any earned portion of the award will service-vest on March 31, 2031 and any unearned portion as of March 30, 2031 will be forfeited. --- Footnotes (Complete Index) --- F1: Represents grant of 10,889 shares of restricted stock, vesting 100% on March 15, 2029. F2: The options, representing an initial right to purchase a total of 37,070 shares, vesting in 25% annual increments beginning March 15, 2027 and each anniversary thereafter through March 15, 2030. F3: The options, representing an initial right to purchase a total of 68,000 shares of common stock. The performance-based option vests in two tranches, each of which comprises half of the award. The first and second tranche will vest when the average closing stock price (over any consecutive twenty (20)-trading day or thirty (30)-calendar day period) represents a CAGR of 8% and 18%, respectively, from the base price. Any earned portion of the award will service-vest on March 31, 2031 and any unearned portion as of March 30, 2031 will be forfeited. --- Signature --- /s/ /s/ Rene G. Casares, as attorney-in-fact for Kecia Steelman (2026-04-02)