X0206 3 2021-06-02 0 0001403568 Ulta Beauty, Inc. ULTA 0001866021 Steelman Kecia 1000 REMINGTON BLVD., SUITE 120 BOLINGBROOK IL 60440 0 1 0 0 Chief Operating Officer Common Stock 13115 D Stock Option (right to buy) 116.15 2021-09-16 Common Stock 2423 D Stock Option (right to buy) 191.76 2026-03-25 Common Stock 1739 D Stock Option (right to buy) 281.53 2027-03-24 Common Stock 4867 D Stock Option (right to buy) 204.27 2028-03-29 Common Stock 8332 D Stock Option (right to buy) 348.73 2029-03-29 Common Stock 5578 D Stock Option (right to buy) 174.45 2030-03-27 Common Stock 11036 D Stock Option (right to buy) 306.59 2031-03-25 Common Stock 6306 D Includes grant of shares of restricted stock as follows: 2,010 shares vesting 100% on March 15, 2022; 2,293 shares vesting 100% on March 15, 2023; 3,442 shares vesting 100% on March 15, 2023; 2,139 shares vesting 100% on October 5, 2023; and 1,462 shares vesting on March 15, 2024. Includes 508 performance-based restricted share units, which were awarded on March 29, 2019 under the Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan. Each performance-based restricted share unit represents the right to one share of common stock, which vested based on satisfaction of certain performance goals and a time-based service vesting restriction which lapses on March 15, 2022, subject to continued employment. The Company's compensation committee certified on March 25, 2021 that the performance vesting goals were satisfied. The options, representing an initial right to purchase a total of 9,691 shares, vesting in 25% annual increments beginning September 16, 2015 and each anniversary thereafter through September 16, 2018. The options, representing an initial right to purchase a total of 3,478 shares, vesting in 25% annual increments beginning March 15, 2017 and each anniversary thereafter through March 15, 2020. The options, representing an initial right to purchase a total of 4,867 shares, vesting in 25% annual increments beginning March 15, 2018 and each anniversary thereafter through March 15, 2021. The options, representing an initial right to purchase a total of 8,332 shares, vesting in 25% annual increments beginning March 15, 2019 and each anniversary thereafter through March 15, 2022. The options, representing an initial right to purchase a total of 5,578 shares, vesting in 25% annual increments beginning March 15, 2020 and each anniversary thereafter through March 15, 2023. The options, representing an initial right to purchase a total of 11,036 shares, vesting in 25% annual increments beginning March 15, 2021 and each anniversary thereafter through March 15, 2024. The options, representing an initial right to purchase a total of 6,306 shares, vesting in 25% annual increments beginning March 15, 2022 and each anniversary thereafter through March 15, 2025. /s/ Jodi J. Caro, as attorney-in-fact for Kecia Steelman 2021-06-14