<SEC-DOCUMENT>0000897069-25-001163.txt : 20250707
<SEC-HEADER>0000897069-25-001163.hdr.sgml : 20250707
<ACCEPTANCE-DATETIME>20250707170917
ACCESSION NUMBER:		0000897069-25-001163
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250627
FILED AS OF DATE:		20250707
DATE AS OF CHANGE:		20250707

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lialios Christopher
		CENTRAL INDEX KEY:			0002075122
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33764
		FILM NUMBER:		251108793

	MAIL ADDRESS:	
		STREET 1:		1000 REMINGTON BLVD
		CITY:			BOLINGBROOK
		STATE:			IL
		ZIP:			60440

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ulta Beauty, Inc.
		CENTRAL INDEX KEY:			0001403568
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RETAIL STORES, NEC [5990]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				384022268
		FISCAL YEAR END:			0201

	BUSINESS ADDRESS:	
		STREET 1:		1000 REMINGTON BLVD
		STREET 2:		SUITE 120
		CITY:			BOLINGBROOK
		STATE:			IL
		ZIP:			60440
		BUSINESS PHONE:		630-410-4800

	MAIL ADDRESS:	
		STREET 1:		1000 REMINGTON BLVD
		STREET 2:		SUITE 120
		CITY:			BOLINGBROOK
		STATE:			IL
		ZIP:			60440

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ulta Salon, Cosmetics & Fragrance, Inc.
		DATE OF NAME CHANGE:	20070618
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2025-06-27</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001403568</issuerCik>
        <issuerName>Ulta Beauty, Inc.</issuerName>
        <issuerTradingSymbol>ULTA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002075122</rptOwnerCik>
            <rptOwnerName>Lialios Christopher</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1000 REMINGTON BLVD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BOLINGBROOK</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60440</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>Interim CFO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2918</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>348.73</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2029-03-29</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>266</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>174.45</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2030-03-27</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1138</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>306.59</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2031-03-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>354</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>395.84</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2032-03-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>350</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>545.67</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2033-03-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>273</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>522.88</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F7"/>
            </exerciseDate>
            <expirationDate>
                <value>2034-03-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>359</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>366.54</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F8"/>
            </exerciseDate>
            <expirationDate>
                <value>2035-03-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>812</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes shares underlying restricted stock units of which 185 shares settle on March 15, 2026; 198 shares settle on March 15, 2027; and 558 shares settle on March 15, 2028.</footnote>
        <footnote id="F2">The options, representing an initial right to purchase a total of 1,062 shares, vesting in 25% annual increments beginning March 15, 2020 and each anniversary thereafter through March 15, 2023.</footnote>
        <footnote id="F3">The options, representing an initial right to purchase a total of 2,275 shares, vesting in 25% annual increments beginning March 15, 2021 and each anniversary thereafter through March 15, 2024.</footnote>
        <footnote id="F4">The options, representing an initial right to purchase a total of 471 shares, vesting in 25% annual increments beginning March 15, 2022 and each anniversary thereafter through March 15, 2025.</footnote>
        <footnote id="F5">The options, representing an initial right to purchase a total of 350 shares, vesting in 25% annual increments beginning March 15, 2023 and each anniversary thereafter through March 15, 2026.</footnote>
        <footnote id="F6">The options, representing an initial right to purchase a total of 273 shares, vesting in 25% annual increments beginning March 15, 2024 and each anniversary thereafter through March 15, 2027.</footnote>
        <footnote id="F7">The options, representing an initial right to purchase a total of 359 shares, vesting in 25% annual increments beginning March 15, 2025 and each anniversary thereafter through March 15, 2028.</footnote>
        <footnote id="F8">The options, representing an initial right to purchase a total of 812 shares, vesting in 25% annual increments beginning March 15, 2026 and each anniversary thereafter through March 15, 2029.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Rene G. Casares, as attorney-in-fact for Christopher Lialios</signatureName>
        <signatureDate>2025-07-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poa.htm
<TEXT>
<html>
  <head>
    <title></title>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div><br>
  </div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;">POWER OF ATTORNEY</div>
  <div style="text-align: justify; margin-top: 27.2pt; font-size: 12pt;">Know all by these present, that the undersigned party hereby constitutes and appoints Rene G. C&#225;sares, Chief Legal Officer of Ulta,
    signing singly, such party's true and<font style="font-weight: bold;">&#160;</font>lawful attorney-in-fact to:</div>
  <div>
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          <td style="width: 36pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; margin-top: 13.3pt; font-size: 12pt;">(1)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; text-indent: 36pt; margin-top: 13.3pt; font-size: 12pt;">execute for and on behalf of such party, all documents relating to the reporting of beneficial ownership of
              securities required to be filed with the United States Securities and Exchange Commission (the <font style="font-weight: bold;">"SEC") </font>pursuant to Section 13(d) or
              Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder (as amended, the <font style="font-weight: bold;">"Exchange Act"), </font>including, without
              limitation, Schedule 13D and Schedule 13G and Form 3, Form 4 and Form 5 and successive forms thereto;</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="za8e85188eb5446af8ef2f216c667e619" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 13.65pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; margin-top: 13.65pt; font-size: 12pt;">(2)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; text-indent: 36pt; margin-top: 13.65pt; font-size: 12pt;">do and perform any and all acts for and on behalf of such party that may be necessary or desirable to
              complete and execute any such documents, complete and execute any amendment or amendments thereto and timely file such documents with the SEC and any stock exchange, automated quotation system or similar authority; and</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z8639fc7ac0d74d938c91348a06f20068" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 13.6pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; margin-top: 13.6pt; font-size: 12pt;">(3)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; text-indent: 36pt; margin-top: 13.6pt; font-size: 12pt;">take any other action of any type whatsoever in furtherance of the foregoing which, in the opinion of such
              attorney-in-fact, may be of benefit to, in the best interest of or legally required by, such party, it being understood that the documents executed by such attorney-in-fact on behalf of such party pursuant to this Power of Attorney shall be
              in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="text-align: justify; margin-top: 12.45pt; font-size: 12pt;">Such party hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever
    requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such party might or could do if personally present, with full power of substitution or revocation, hereby
    ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned
    acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of such party, are not assuming, nor is Ulta assuming, any of the undersigned's responsibilities to comply with the Exchange Act.</div>
  <div style="text-align: justify; margin-top: 13.15pt; font-size: 12pt;">This Power of Attorney shall remain in full force and effect until such party is no longer required to file such documents with respect
    to such party's holdings of and transactions in securities issued by Ulta, unless earlier revoked by such party in a signed writing delivered to the foregoing attorney-in-fact. This Power of Attorney supercedes all prior powers of attorney the
    undersigned may have granted to officers of Ulta.</div>
  <div style="text-align: center; margin-top: 27.2pt; font-size: 12pt; font-style: italic;">[Signature page follows]</div>
  <div><br>
  </div>
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      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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  <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-style: normal; font-variant: normal; text-transform: none;"><br>
  </div>
  <div style="margin-bottom: 15.05pt; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-style: normal; font-variant: normal; text-transform: none;"><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;&#160;&#160;</font>IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 19th day of June 2025.</div>
  <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; margin-left: 396pt;"><br>
    <u>/s/ Christopher Lialios</u><br>
    Name: Christopher Lialios</div>
  <div style="margin-bottom: 15.05pt;"><br>
  </div>
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