Smith Mike C. 4

What Happened Mike C. Smith, a director of Ulta Beauty, was granted 404 restricted stock units (RSUs) on 2026-06-10. The grant is reported as an acquisition (code A) at $0.00 per share (total reported value $0). These RSUs vest 100% on 2027-06-10.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (timely, within the 2-business-day window).
• Transaction type/code: Grant of RSUs (A); price reported $0.00; quantity 404 RSUs.
• Vesting: 100% vests on 2027-06-10 (see footnote F1).
• Shares owned after transaction: not disclosed in this filing.
• No sale or cashless exercise involved—this is a compensation grant, not an open-market purchase.

Context RSUs are a form of equity compensation that convert to shares if/when they vest; they do not require the insider to buy shares and do not by themselves signal a market buy or sell. Director grants are common as part of compensation programs.