Target Corporation

Target Corporation entered into a new five-year $4.0 billion unsecured revolving credit facility on August 14, 2026, arranged by Bank of America (administrative agent), Citi and Wells Fargo (co-syndication), and JPMorgan and U.S. Bank (co-documentation), expiring August 14, 2031 with two one-year extension options and an upsize option of up to $1.0 billion. The facility includes a leverage-ratio financial covenant and simultaneously terminates the prior credit agreement. A $4B+ undrawn revolver is standard liquidity infrastructure for an investment-grade mega-cap retailer — routine, not transformative.

DePinto Joseph Michael (Last) (First) (Middle) 1000 NICOLLET MALL (Street) MINNEAPOLIS MINNESOTA 55403 (City) (State) (Zip) UNITED STATES (Country) 2. Date of Event Requiring Statement (Month/Day/Year) 08/01/2026 3. Issuer Name and Ticker or Trading Symbol TARGET CORP [ TGT ] 3a. Foreign Trading Symbol 5. If Amendment, Date of Original Filed (Month/Day/Year) 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below) 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 Beneficially Owned 1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: Remarks: Exhibit 24 - Power of Attorney No securities are beneficially owned. Miranda S. Hirner, Attorney-In-Fact 08/04/2026 ** 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 5 (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. * Form 3: SEC 1473 (03-26) filed an initial statement of beneficial ownership (Form 3) as a Director of TGT, with an event date of 1473. This is a routine insider-ownership disclosure with no indication of open-market purchases or activist intent.

Target Corporation disclosed on July 22, 2026 that its Board of Directors elected Joe DePinto as a director effective August 1, 2026. DePinto, 63, served as President and CEO of 7-Eleven, Inc. from 2005 through December 2025, and previously held the role of President at GameStop Corporation and leadership positions at PepsiCo. He was appointed to Target's Audit & Risk Committee and Infrastructure & Finance Committee. There are no undisclosed arrangements regarding his selection and no related-party transactions. DePinto's two-decade convenience retail operating background adds relevant consumer and operational expertise to Target's board at a time when the retailer is navigating traffic and margin pressures in its core discretionary categories.

Target Corporation held its 2026 Annual Meeting on June 10, 2026. Shareholders elected 12 directors including CEO Brian Cornell with 87.2% approval, ratified Ernst & Young LLP as auditor, approved the Amended and Restated 2020 Long-Term Incentive Plan, and voted on other routine proposals. Annual governance meeting with no significant contested outcomes.

Grant B. McGee, an Executive Officer of Target Corporation (TGT), filed an initial Form 3 on June 8, 2026, disclosing no beneficial ownership of any Target securities — neither direct shares nor any derivative instruments. The triggering event date is May 31, 2026. This is a routine Section 16 initial statement filed upon appointment to an executive officer role, and is administratively immaterial.

Target Corporation (TGT) filed a Form 3 initial statement of beneficial ownership for newly appointed director Bratspies, who holds no shares of common stock. This routine SEC filing is required within 10 days of becoming a corporate insider. The zero-share position is standard for newly appointed independent directors prior to receiving equity compensation. No derivative securities were reported.