Sally Beauty (NYSE: SBH) director Max Rangel granted 9,975 RSUs

Rhea-AI Filing Summary

Sally Beauty Holdings director Max R. Rangel received a new equity award in the form of restricted stock units. On 1/22/2026, he was granted 9,975 RSUs at a stated price of $0 per unit, meaning there was no cash paid for the award. Each RSU represents the right to receive one share of SBH common stock.

All 9,975 RSUs will vest on the earlier of 1/22/2027 or the date of Sally Beauty Holdings’ next annual meeting of stockholders, so the award is subject to continued service through that time. Following this grant, Rangel beneficially holds 9,975 derivative securities directly in the form of these RSUs, with settlement in common stock upon vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rangel Max R.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	9,975	$0.00	--

Holdings After Transaction: Restricted Stock Units — 9,975 shares (Direct)

Footnotes (1)

1. Restricted Stock Units ("RSUs") convert into SBH common stock on a one-for-one basis. 100% of the RSUs will vest on the earlier of 1/22/2027 or the date of the issuer's next Annual Meeting of Stockholders.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rangel Max R.

(Last) (First) (Middle)

C/O SALLY BEAUTY HOLDINGS, INC.

7900 WINDROSE AVENUE

(Street)

PLANO TX 75024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sally Beauty Holdings, Inc. [ SBH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	$0	01/22/2026		A		9,975		01/22/2027(2)	01/22/2027	Common Stock	9,975	$0	9,975	D

Explanation of Responses:

1. Restricted Stock Units ("RSUs") convert into SBH common stock on a one-for-one basis.

2. 100% of the RSUs will vest on the earlier of 1/22/2027 or the date of the issuer's next Annual Meeting of Stockholders.

	/s/ Rebecca L. Morley, Attorney-in-Fact	01/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did SBH director Max R. Rangel report on this Form 4?

The Form 4 reports that director Max R. Rangel was granted 9,975 restricted stock units on 1/22/2026. The RSUs were acquired at a stated price of $0 per unit, reflecting a compensatory equity award rather than a market purchase.

How many restricted stock units did Max R. Rangel receive from Sally Beauty Holdings (SBH)?

Max R. Rangel received 9,975 restricted stock units (RSUs). After this grant, he beneficially owns 9,975 derivative securities in the form of these RSUs, held directly.

When do Max R. Rangel’s SBH restricted stock units vest?

The filing states that 100% of the 9,975 RSUs will vest on the earlier of 1/22/2027 or the date of Sally Beauty Holdings’ next Annual Meeting of Stockholders, subject to the award’s terms.

What does each SBH restricted stock unit represent in this Form 4?

Each restricted stock unit converts into one share of SBH common stock on a one-for-one basis. Upon vesting, the 9,975 RSUs are settled in an equal number of shares of common stock, according to the footnote.

Is Max R. Rangel’s ownership of the SBH restricted stock units direct or indirect?

The Form 4 indicates that the 9,975 RSUs are held directly by Max R. Rangel. The ownership form column lists the holding as "D" for direct, with no separate entity or indirect nature of ownership disclosed.

Did Max R. Rangel sell any Sally Beauty Holdings (SBH) shares in this insider filing?

No sales are reported. The only transaction is an "A" (acquisition) code reflecting the grant of 9,975 restricted stock units, with no disposition of SBH common stock or derivative securities described.