Kecia Steelman - 08 Dec 2021 Form 4 Insider Report for Ulta Beauty, Inc. (ULTA)

Role: Chief Operating Officer
Signature: /s/ Jodi J. Caro, as attorney-in-fact for Kecia Steelman
Issuer symbol: ULTA
Transactions as of: 08 Dec 2021
Net transactions value: -$1,353,080
Form type: 4
Filing time: 09 Dec 2021, 15:46:03 UTC
Previous filing: 01 Sep 2021
Next filing: 17 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ULTA	Common Stock	Options Exercise	$281,431	+2,423	+18%	$116.15	15,538	08 Dec 2021	Direct
transaction	ULTA	Common Stock	Options Exercise	$481,308	+2,759	+18%	$174.45	18,297	08 Dec 2021	Direct
transaction	ULTA	Common Stock	Sale	$2,115,819	-5,182	-28%	$408.30	13,115	08 Dec 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ULTA	Stock Option (right to buy)	Options Exercise	$0	-2,423	-100%	$0.000000^*	0	08 Dec 2021	Common Stock	2,423	$116.15	Direct	F2
transaction	ULTA	Stock Option (right to buy)	Options Exercise	$0	-2,759	-25%	$0.000000	8,277	08 Dec 2021	Common Stock	2,759	$174.45	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The prices actually received ranged from $408.17 to $408.47. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
F2	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.
F3	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.