X0306 4 2020-08-03 0001368458 Sally Beauty Holdings, Inc. SBH 0001290220 Baer Timothy R 3001 COLORADO BLVD DENTON TX 76210 1 Common Stock 2020-08-03 4 P 0 1500 11.5672 A 1500 D Reflects the weighted average purchase price. The range of prices for these transactions was $11.45 to $11.70. The reporting person effected multiple same-way open market purchase transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares purchased at each separate price. /s/ Scott Sherman, attorney-in-fact 2020-08-04