2026 Incentive Award Plan
Ulta Beauty, Inc.
ULTA BEAUTY, INC.
2026 INCENTIVE AWARD PLAN
OPTION AGREEMENT - CERTIFICATE
The following (this “Award Agreement”) evidences the grant of an option (the “Option”) to purchase Shares of Ulta Beauty, Inc. (the “Company”) pursuant to the Ulta Beauty, Inc. 2026 Incentive Award Plan (the “Plan”) to the following individual (the “Optionee”) and upon the following terms:
| Optionee: | Name**: Address: **Location- |
| Grant Date: | |
| Exercise Price Per Share: | |
| Total Number of Options Granted: | |
| Type of Option: | |
If designated as an Incentive Stock Option, this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code; provided, however, that to the extent that it does not so qualify that portion which does not so qualify shall be treated as a Non-Qualified Stock Option.
Unless otherwise defined herein, capitalized terms used in this Award Agreement shall have the same meanings as set forth in the Plan.
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