# EDGAR Filing Document

**Accession Number:** 0001403568
**File Stem:** 0001104659-26-072405
**Filing Date:** 2026-6
**Character Count:** 34531
**Document Hash:** b63a4ed872448d8147258ce70b3c8fc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-072405.hdr.sgml**: 20260610

**ACCESSION NUMBER**: 0001104659-26-072405

**CONFORMED SUBMISSION TYPE**: S-8 POS

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260610

**DATE AS OF CHANGE**: 20260610

**EFFECTIVENESS DATE**: 20260610

**FILER**: 

**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:** 0130

**FILING VALUES:**
- **FORM TYPE:** S-8 POS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-176735
- **FILM NUMBER:** 261080447

**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

Registration No. 333-176735

As filed with the United States Securities and Exchange Commission on June 10, 2026

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

__________________________________

**POST-EFFECTIVE AMENDMENT NO. 2**

**TO**

**FORM S-8**

**REGISTRATION STATEMENT**

**UNDER THE SECURITIES ACT OF 1933**

__________________________________

**ulta beauty, inc.**

(Exact name of registrant as specified in its charter)

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| | |
|:---|:---|
| &nbsp;&nbsp;**Delaware** | &nbsp;&nbsp;**38-4022268** |
| &nbsp;&nbsp;(State or other jurisdiction of incorporation or organization) | &nbsp;&nbsp;(I.R.S. Employer Identification No.) |
| &nbsp;&nbsp;**1000 Remington Blvd., Suite 120** |  |
| &nbsp;&nbsp;**Bolingbrook, Illinois**  | &nbsp;&nbsp;**60440** |
| &nbsp;&nbsp;(Address of Principal Executive Offices) | &nbsp;&nbsp;(Zip Code) |

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**Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan**

**Ulta Beauty, Inc. 2026 Incentive Award Plan**

(Full title of the plan)

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| | |
|:---|:---|
| **Rene G. Cásares**<br>**Chief Legal Officer and Corporate Secretary**<br>**Ulta Beauty, Inc.**<br>**1000 Remington Blvd., Suite 120**<br>**Bolingbrook, Illinois 60440** | ***Copies to*:**<br>**Garrett Bishop**<br>**Foley & Lardner LLP**<br>**777 East Wisconsin Avenue**<br>**Milwaukee, Wisconsin 53202** |

---

(Name and address of agent for service)

**(630) 410-4800**

(Telephone number, including area code, of agent for service)

__________________________________

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;☒<br>| &nbsp;&nbsp;<br>| &nbsp;&nbsp;<br>| &nbsp;&nbsp;<br>|
| &nbsp;&nbsp;Large accelerated filer  | &nbsp;&nbsp;☒ | &nbsp;&nbsp;Accelerated filer  | &nbsp;&nbsp;☐ |
| &nbsp;&nbsp;Non-accelerated filer  | &nbsp;&nbsp;☐ | &nbsp;&nbsp;Smaller reporting company  | &nbsp;&nbsp;☐ |
|  |  | &nbsp;&nbsp;Emerging growth company  | &nbsp;&nbsp;☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

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**EXPLANATORY NOTE**

Ulta Beauty, Inc., a Delaware corporation (the "Registrant"), files this Post-Effective Amendment No. 2 to the Registration Statement on Form S-8 (this "Amendment No. 2") relating to the issuance of shares pursuant to the Ulta Beauty, Inc. 2026 Incentive Award Plan (the "2026 Plan"). On September 8, 2011, the Registrant's predecessor registrant, Ulta Salon, Cosmetics & Fragrance, Inc., a Delaware corporation and the former publicly-traded parent company of the Registrant (the "Predecessor"), filed a Registration Statement (the "Prior Registration Statement") on Form S-8 (File No. 333-176735) with the Securities and Exchange Commission (the "Commission") with respect to 4,750,000 shares of the Predecessor's common stock, par value $0.01 per share, issuable under the Predecessor's 2011 Incentive Award Plan (the "2011 Plan"). On January 30, 2017, the Registrant filed Post-Effective Amendment No. 1 to the Prior Registration Statement ("Amendment No. 1", together with the Prior Registration Statement, the "Amended Registration Statement") in connection with the holding company reorganization which resulted in the Registrant becoming the publicly-traded parent of the Predecessor. In connection with Amendment No. 1, the Registrant adopted the 2011 Plan, as amended and restated (the "A&R 2011 Plan"), relating to the issuance of shares of the Registrant's common stock, par value $0.01 per share (the "Common Stock").

Effective April 13, 2026, no further awards can be granted under the A&R 2011 Plan. Pursuant to the terms of the 2026 Plan, the maximum number of shares of Common Stock that may be covered by awards under the 2026 Plan is 5,001,201 shares (the "Maximum Limit"), subject to adjustments for changes in capitalization and the 2026 Plan's share counting provisions. The 5,001,201 shares is comprised of 1,501,201 shares that remained available for future awards under the A&R 2011 Plan as of April 13, 2026 (the "Carryforward Shares") plus 3,500,000 newly authorized shares.

In addition, if any shares of Common Stock subject to awards granted under the A&R 2011 Plan would again become available for new grants under the terms of the A&R 2011 Plan if the A&R 2011 Plan were still in effect (taking into account the A&R 2011 Plan's provisions concerning termination or expiration, if any), then those shares, up to a maximum of the 651,826 shares that were subject to outstanding awards under the A&R 2011 Plan as of April 13, 2026 (the "Recycled Shares"), will be available for the purpose of granting awards under the 2026 Plan, thereby increasing the number of shares available for issuance under the Maximum Limit, subject to the share counting provisions and exceptions specified in the 2026 Plan.

The Registrant is filing this Amendment No. 2 to amend the Amended Registration Statement to cover the offering of the Carryforward Shares and the Recycled Shares under the 2026 Plan (as such shares would no longer be issuable under the A&R 2011 Plan). The Registrant incorporates the contents of the Amended Registration Statement herein by reference, and this Amendment No. 2 amends and supplements the items of the Amended Registration Statement set forth below. No additional shares of Common Stock are being registered hereby.

The Registrant is contemporaneously filing a separate Registration Statement on Form S-8 with the Commission to register the offering of 3,500,000 shares of Common Stock that were newly authorized for issuance under the 2026 Plan by the Registrant's stockholders on June 10, 2026.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The documents constituting Part I of this Registration Statement will be sent or given to participants in the Ulta Beauty, Inc. 2026 Incentive Award Plan as provided by Rule 428(b)(1) under the Securities Act of 1933, as amended (the "Securities Act").

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**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3.** **Incorporation of Documents by Reference**.

The following documents filed by Ulta Beauty, Inc. (the "Company") with the Securities and Exchange Commission (the "Commission") pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are incorporated herein by reference and deemed to be a part hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Company's [<u>Annual Report on Form 10-K</u>](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001403568/000110465926035243/ulta-20260131x10k.htm) for the fiscal year ended January 31, 2026, filed with the Commission on March 26, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Company's [<u>Quarterly Report on Form 10-Q</u>](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001403568/000110465926069491/ulta-20260502x10q.htm) for the fiscal quarter ended May 2, 2026, filed with the Commission on June 2, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Company's [Current Report on Form 8-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001403568/000110465926071896/ulta-20260609x8k.htm) , filed with the Commission on June 9, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The portions of the Company's [Definitive Proxy Statement on Schedule 14A](https://www.sec.gov/ix?doc=/Archives/edgar/data/1403568/000110465926046308/tmb-20260609xdef14a.htm) , filed with the SEC on April 22, 2026, incorporated by reference in Part III of the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The description of the Company's Common Stock contained in the registration statement on [Form 8-A (Registration No. 001-33764), filed with the Commission under Section 12(b) of the Exchange Act](https://www.sec.gov/Archives/edgar/data/1403568/000095013707015948/c19606e8va12b.htm) , on October 24, 2007, including any amendments or reports filed for the purpose of updating such description.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. All other reports and documents subsequently filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold; except as to any portion of any future annual or quarterly report to stockholders or document or current report furnished under current Items 2.02 or 7.01 of Form 8-K, and exhibits furnished on such form that relate to such items, that is not deemed filed under such provisions.

Any statement contained in a document incorporated or deemed to be incorporated by reference in this Registration Statement is deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in this Registration Statement or in any subsequently filed document which also is or is deemed to be incorporated by reference in this Registration Statement modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4.** **Description of Securities**.

Not applicable.

**Item 5.** **Interests of Named Experts and Counsel**.

Not applicable.

**Item 6.** **Indemnification of Directors and Officers**.

Section 102(b)(7) of the Delaware General Corporation Law, as amended (the "DGCL"), allows a corporation to include in its certificate of incorporation a provision to eliminate or limit the personal liability of a director or officer of a corporation to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, provided that such provision shall not eliminate or limit the liability of (1) a director or officer for any breach of the director's or officer's duty of loyalty to the corporation or its stockholders, (2) a director or officer for acts or

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omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (3) a director under Section 174 of the DGCL; (4) a director or officer for any transaction from which the director or officer derived an improper personal benefit, or (5) an officer in any action by or in the right of the corporation. No such provision shall eliminate or limit the liability of a director or officer for any act or omission occurring before the date when such provision becomes effective. The Company's Certificate of Incorporation, as amended (the "Certificate of Incorporation"), limits the personal liability of a director or officer to the Company and its stockholders for monetary damages for a breach of fiduciary duty as a director or officer to the fullest extent permitted by law.

Subsection (a) of Section 145 of the DGCL empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative (other than an action by or in the right of the corporation), by reason of the fact that the person is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent of another enterprise, against expenses (including attorneys' fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred in connection with such action, suit, or proceeding provided that such person acted in good faith and in a manner reasonably believed to be in, or not opposed to, the best interests of the corporation, and, with respect to any criminal action or proceeding, provided further that such director or officer had no reasonable cause to believe such person's conduct was unlawful.

Subsection (b) of Section 145 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent of another enterprise, against expenses (including attorneys' fees) actually and reasonably incurred in connection with the defense or settlement of such action or suit provided that such person acted in good faith and in a manner reasonably believed to be in, or not opposed to, the best interests of the corporation, except that no indemnification may be made in respect to any claim, issue, or matter as to which such director or officer shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all of the circumstances of the case, such director or officer is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.

Section 145 further provides that to the extent a director or officer of a corporation has been successful in the defense of any action, suit, or proceeding referred to in subsections (a) and (b) or in the defense of any claim, issue, or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith; that indemnification and advancement of expenses provided for, by, or granted pursuant to Section 145 shall not be deemed exclusive of any other rights to which the indemnified party may be entitled; and empowers the corporation to purchase and maintain insurance on behalf of a director or officer of the corporation against any liability asserted against such person or incurred by such person in any such capacity, or arising out of such person's status as such, whether or not the corporation would have the power to indemnify such person against such liabilities under Section 145.

Section 174 of the DGCL provides, among other things, that a director who willfully or negligently approves of an unlawful payment of dividends or an unlawful stock purchase or redemption may be held liable for such actions. A director who was either absent when the unlawful actions were approved or dissented at the time may avoid liability by causing his or her dissent to such actions to be entered in the books containing minutes of the meetings of the proceedings of the board of directors at the time such action occurred or immediately after such absent director receives notice of the unlawful acts.

The Certificate of Incorporation provides that the Company may indemnify and advance indemnification expenses, to the fullest extent permitted by law, to any person made or threatened to be made a party to an action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that he or she, or a person for whom he or she is the legal representative, is or was a director or officer of the Company, or while a director or officer of the Company, is or was serving at any other enterprise as a director, officer, employee, or agent at the request of the Company, against all liability and loss suffered and expenses (including attorneys' fees) reasonably incurred by such person. The Certificate further provides that the Company shall be required to indemnify such person in connection with a proceeding (or part thereof) commenced by him or her only if the commencement of such proceeding (or part thereof) was authorized in the specific case by the board of directors of the Company.

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The Company's Bylaws, as amended (the "Bylaws"), provide that the Company shall indemnify and hold harmless, to the fullest extent permitted by law, any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that he or she, or a person for whom he or she is the legal representative, is or was a director or officer of the Company, or is or, while a director or officer of the Company, is or was serving at the request of Company as a director, officer, employee, or agent of another enterprise, against all liability and loss suffered and expenses (including attorneys' fees) reasonably incurred by such person. The Bylaws further provide that the Company shall be required to indemnify such person in connection with a proceeding (or part thereof) commenced by him or her only if the commencement of such proceeding (or part thereof) was authorized in the specific case by the board of directors of the Company.

The Company's directors and officers are insured under a policy of directors' and officers' liability insurance, and the Company intends to maintain directors' and officers' liability insurance, if available on reasonable terms.

These indemnification provisions may be sufficiently broad to permit indemnification of the Company's officers and directors for liabilities, including reimbursement of expenses incurred, arising under the Securities Act.

**Item 7.** **Exemption from Registration Claimed**.

Not applicable.

**Item 8.** **Exhibits**.

The following exhibits, as required by Item 601 of Regulation S-K, are attached or incorporated by reference, as indicated below.

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | <br>**Description of Exhibit** |
| 4.1  | [Certificate of Incorporation of Ulta Beauty, Inc., as amended through June 1, 2023 (filed as Exhibit 3.1 to the Current Report Form 8-K filed on June 7, 2023 and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/ulta-20230601xex3d1.htm) |
| 4.2  | [Certificate of Amendment to the Certificate of Incorporation of Ulta Beauty, Inc. (filed as Exhibit 3.1 to the Current Report on Form 8-K filed on June 9, 2026 and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1403568/000110465926071896/ulta-20260609xex3d1.htm)  |
| 4.3  | [Bylaws of Ulta Beauty, Inc., as amended through June 1, 2023 (filed as Exhibit 3.3 to the Current Report on Form 8-K filed on June 7, 2023 and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/ulta-20230601xex3d3.htm) |
| 4.4  | [Amended and Restated Ulta Beauty, Inc. (formerly Ulta Salon, Cosmetics & Fragrance, Inc.) 2011 Incentive Award Plan (incorporated by reference to Appendix A to the Company's predecessor Proxy Statement on Schedule 14A filed April 20, 2016 and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1403568/000119312516548224/d101608ddef14a.htm) |
| 4.5  | [Ulta Beauty, Inc. 2026 Incentive Award Plan (filed as Exhibit 10.1 to the Current Report on Form 8-K filed on June 9, 2026 and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1403568/000110465926071896/ulta-20260609xex10d1.htm) |
| 5.1 | [Opinion of Foley & Lardner LLP.](tmb-20260610xex5d1.htm) |
| 23.1 | [Consent of Ernst & Young LLP.](tmb-20260610xex23d1.htm) |
| 23.2 | [Consent of Foley & Lardner LLP (included in Exhibit 5.1).](tmb-20260610xex5d1.htm) |

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**Item 9.** **Undertakings**.

(a) The undersigned Company hereby undertakes:

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Filing Fee Tables" in the effective registration statement; and

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) shall not apply to information contained in periodic reports filed by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Company hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Company's annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers, and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer, or controlling person of the registrant in the successful defense of any action, suit, or proceeding) is asserted by such director, officer, or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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**SIGNATURES**

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment No. 2 to Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Bolingbrook, State of Illinois, on June 10, 2026.

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| | |
|:---|:---|
| **ULTA BEAUTY, INC.** | **ULTA BEAUTY, INC.** |
| By:  | /s/ Kecia L. Steelman |
|  | Kecia L. Steelman  |
|  | President and Chief Executive Officer |

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**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below, hereby constitutes and appoints Kecia L. Steelman and Rene G. Cásares, and each acting alone, his or her true and lawful attorneys-in-fact and agents, with full power of resubstitution and substitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any or all amendments or supplements to this Registration Statement and to file the same with all exhibits thereto and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing necessary or appropriate to be done with respect to this Registration Statement or any amendments or supplements hereto in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, each acting alone, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Post-Effective Amendment No. 2 to Registration Statement has been signed by the following persons in their respective capacities with Ulta Beauty, Inc. and on the dates indicated.

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| | | |
|:---|:---|:---|
| **Signatures** | **Titles** | **Date** |
| /s/ Kecia L. Steelman | President, Chief Executive Officer and Director | June 10, 2026 |
| Kecia L. Steelman | *(Principal Executive Officer)* |  |
| /s/ Christopher J. DelOrefice | Chief Financial Officer  | June 10, 2026 |
| Christopher J. DelOrefice | *(Principal Financial Officer)* |  |
| /s/ Christopher Lialios | Senior Vice President Controller | June 10, 2026 |
| Christopher Lialios | *(Principal Accounting Officer)* |  |
| /s/ Martin Brok | Director  | June 10, 2026 |
| Martin Brok |  |  |
| /s/ Kelly E. Garcia | Director  | June 10, 2026 |
| Kelly E. Garcia |  |  |
| /s/ Catherine Halligan | Director  | June 10, 2026 |
| Catherine Halligan |  |  |
| /s/ Stephenie Landry | Director  | June 10, 2026 |
| Stephenie Landry |  |  |
| /s/ Patricia A. Little | Director  | June 10, 2026 |
| Patricia A. Little |  |  |
| /s/ George R. Mrkonic | Director  | June 10, 2026 |
| George R. Mrkonic |  |  |
| /s/ Lorna E. Nagler | Director  | June 10, 2026 |
| Lorna E. Nagler |  |  |
| /s/ Gisel Ruiz | Director  | June 10, 2026 |
| Gisel Ruiz |  |  |
| /s/ Michael C. Smith | Director  | June 10, 2026 |
| Michael C. Smith |  |  |

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## Exhibit 5.1

**Exhibit 5.1**

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| | |
|:---|:---|
| ![Graphic](tmb-20260610xex5d1002.jpg)<br>| 777 E Wisconsin Ave<br>Milwaukee, WI 53202-5306<br>414.271.2400 TEL<br>414.297.4900 FAX<br>**foley.com**<br>WRITER'S DIRECT LINE<br>414.319.7024<br>GBishop@foley.com<br>|

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June 10, 2026

Ulta Beauty, Inc.1000 Remington Blvd., Suite 120Bolingbrook, Illinois 60440

Ladies and Gentlemen:

We have acted as counsel for Ulta Beauty, Inc., a Delaware corporation (the "Company"), in conjunction with the preparation of a Post-Effective Amendment No. 2 (the "Post-Effective Amendment") to Registration Statement No. 333-176735 (the "Registration Statement") to be filed by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"), relating to up to 2,153,027 shares of the Company's common stock, par value $0.01 per share (the "Shares"), that may be issued pursuant to the Ulta Beauty, Inc. 2026 Incentive Award Plan (the "2026 Plan"), consisting of 1,501,201 Shares that remained available for future awards under the Company's Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan (the "2011 Plan") as of April 13, 2026 and therefore became available for future awards under the 2026 Plan (the "Carryforward Shares"), plus 651,826 Shares that were subject to outstanding awards under the 2011 Plan as of April 13, 2026 (the "Recycled Shares") and that may therefore become available for future awards under the 2026 Plan pursuant to the replenishment provisions of the 2026 Plan.

In connection with our representation, we have examined: (i) the 2026 Plan and the 2011 Plan and related documents; (ii) the Registration Statement and the Post-Effective Amendment, in each case, including the exhibits (including those incorporated by reference) constituting a part of the Registration Statement and Post-Effective Amendment; (iii) the Certificate of Incorporation of the Company, as amended to date, and the Bylaws of the Company, as amended to date; (iv) the resolutions of the Company's Board of Directors relating to the 2026 Plan and the issuance of Common Stock thereunder; and (v) originals or copies, certified or otherwise identified to our satisfaction, of such records, agreements and instruments of the Company, certificates and receipts of public officials and of officers or other representatives of the Company, and such other documents and records, and such matters of law, as we have deemed necessary or appropriate as a basis for the opinions stated below.

In our examination, we have assumed the genuineness of all manual and electronic signatures, including endorsements, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals and the conformity to the original documents of all documents submitted

AUSTIN \| BOSTON \| BRUSSELS \| CHICAGO \| DALLAS \| DENVER \| DETROIT \| HOUSTON \| JACKSONVILLE \| LOS ANGELES <br>MADISON \| MEXICO CITY \| MIAMI \| MILWAUKEE \| NASHVILLE \| NEW YORK \| ORLANDO \| RALEIGH \| SACRAMENTO \| <br>SALT LAKE CITY \| SAN DIEGO \| SAN FRANCISCO \| SILICON VALLEY \| TALLAHASSEE \| TAMPA \| TOKYO \| WASHINGTON, D.C.

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![Graphic](tmb-20260610xex5d1002.jpg)

June 10, 2026

to us as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. As to various questions of fact material to this opinion, we have relied upon, without independent verification of their accuracy, certificates of public officials, statements and representations of officers and other representatives of the Company, and statements of fact contained in documents we have examined.

For the purpose of the opinion rendered below, we have assumed that in connection with the issuance of the Shares under the 2026 Plan, the Company will receive consideration in an amount not less than the aggregate par value of the Shares covered by each such issuance.

It is understood that this opinion is to be used only in connection with the offer and sale of the Carryforward Shares and the Recycled Shares while the Registration Statement and Post-Effective Amendment is effective.

We express no opinion herein as to the laws of any state or jurisdiction other than the General Corporation Law of the State of Delaware and the federal laws of the United States of America. This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement and Post-Effective Amendment or the prospectus that forms a part thereof, other than as expressly stated herein with respect to the issuance of the Shares.

Based upon the foregoing, we are of the opinion that each of the Shares, if and when issued by the Company pursuant to the terms and conditions of the 2026 Plan and as contemplated by the Registration Statement and Post-Effective Amendment, will be validly issued, fully paid and nonassessable.

We consent to the use of this opinion as an exhibit to the Post-Effective Amendment. In giving our consent, we do not admit that we are "experts" within the meaning of Section 11 of the Securities Act or within the category of persons whose consent is required by Section 7 of the Securities Act.

Very truly yours,

/s/ Foley & Lardner LLP

Foley & Lardner LLP

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## Exhibit 23.1

**Exhibit 23.1**

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-176735) pertaining to the Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan of our reports dated March 26, 2026 with respect to the consolidated financial statements of Ulta Beauty, Inc. and the effectiveness of internal control over financial reporting of Ulta Beauty, Inc. included in its Annual Report (Form 10-K) for the year ended January 31, 2026, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Chicago, Illinois

June 10, 2026

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