BOYER JEFFREY N 4

What Happened
Jeffrey N. Boyer, a director of Sally Beauty Holdings, exercised/converted 14,532 derivative shares (code M) and those same 14,532 shares were disposed (sold) on 2026-01-22. On the same date he was also granted/awarded 9,975 restricted stock units (RSUs) (code A). All transactions list a reported price of $0.00 and $0 total value on the Form 4.

Key Details

• Transaction date: 2026-01-22; Form 4 filed 2026-01-26 (appears timely — within two business days).
• Exercises/conversions (M): 14,532 shares acquired @ $0.00 and 14,532 shares disposed @ $0.00 (same-day acquisition and disposition).
• Grant/award (A): 9,975 RSUs awarded @ $0.00 (derivative).
• Shares owned after the reported transactions: not specified in the provided filing summary.
• Footnotes: F1 — RSUs convert into SBH common stock on a one-for-one basis. F2 — 100% of the RSUs vest on the earlier of 1/22/2027 or the issuer’s next Annual Meeting of Stockholders.

Context
The simultaneous acquisition and disposal of 14,532 shares on the same day indicates the exercised/converted shares were sold immediately (a cashless-style outcome), while the 9,975 RSUs are a deferred award that will convert to common stock upon vesting per the stated schedule. These RSU awards and the exercise/disposition are routine insider transactions; the filing shows no purchase expenditure and reports $0 value for the recorded line items.