Hilal Paul C 4

Accession 0001104659-25-068079

CIK 0000935703other

View on SEC.gov Company Profile

Filed

Jul 14, 8:00 PM ET

Accepted

Jul 15, 4:05 PM ET

Size

33.1 KB

Accession

0001104659-25-068079

Insider Transaction Report

Form 4

Period: 2025-07-11

DOLLAR TREE, INC.DLTR

Mantle Ridge LP

Other

Transactions

Exercise of In-Money
Call Option on Cash Settled Share Forward Transactions
2025-07-11−2,501,339→ 0 total(indirect: See footnotes)
Exercise: $98.00From: 2023-12-19Exp: 2025-07-18→ Cash Settled Share Forward Transactions (2,501,339 underlying)
Exercise of In-Money
Call Option on Cash Settled Share Forward Transactions
2025-07-11−6,231,104→ 0 total(indirect: See footnotes)
Exercise: $81.00From: 2023-12-19Exp: 2025-07-18→ Cash Settled Share Forward Transactions (6,231,104 underlying)
Exercise of In-Money
Cash Settled Share Forward Transactions
2025-07-11$81.00/sh+6,231,104$504,719,424→ 6,231,104 total(indirect: See footnotes)
Exercise: $148.86From: 2025-07-14Exp: 2028-07-14→ Common Stock (6,231,104 underlying)
Exercise of In-Money
Share Forward Transactions
2025-07-11$81.00/sh+636,151$51,528,231→ 636,151 total(indirect: See footnotes)
Exercise: $148.86From: 2025-07-14Exp: 2028-07-14→ Common Stock (636,151 underlying)
Exercise of In-Money
Call Option on Share Forward Transactions
2025-07-11−900,360→ 0 total(indirect: See footnotes)
Exercise: $98.00From: 2023-12-19Exp: 2025-07-18→ Share Forward Transactions (900,360 underlying)
Exercise of In-Money
Share Forward Transactions
2025-07-11$98.00/sh+900,360$88,235,280→ 900,360 total(indirect: See footnotes)
Exercise: $153.87From: 2025-07-14Exp: 2028-07-14→ Common Stock (900,360 underlying)
Exercise of In-Money
Call Option on Share Forward Transactions
2025-07-11−636,151→ 0 total(indirect: See footnotes)
Exercise: $81.00From: 2023-12-19Exp: 2025-07-18→ Share Forward Transactions (636,151 underlying)
Exercise of In-Money
Cash Settled Share Forward Transactions
2025-07-11$98.00/sh+2,501,339$245,131,222→ 2,501,339 total(indirect: See footnotes)
Exercise: $153.87From: 2025-07-14Exp: 2028-07-14→ Common Stock (2,501,339 underlying)

Hilal Paul C

Director

Transactions

Exercise of In-Money
Call Option on Share Forward Transactions
2025-07-11−900,360→ 0 total(indirect: See footnotes)
Exercise: $98.00From: 2023-12-19Exp: 2025-07-18→ Share Forward Transactions (900,360 underlying)
Exercise of In-Money
Call Option on Cash Settled Share Forward Transactions
2025-07-11−6,231,104→ 0 total(indirect: See footnotes)
Exercise: $81.00From: 2023-12-19Exp: 2025-07-18→ Cash Settled Share Forward Transactions (6,231,104 underlying)
Exercise of In-Money
Share Forward Transactions
2025-07-11$98.00/sh+900,360$88,235,280→ 900,360 total(indirect: See footnotes)
Exercise: $153.87From: 2025-07-14Exp: 2028-07-14→ Common Stock (900,360 underlying)
Exercise of In-Money
Share Forward Transactions
2025-07-11$81.00/sh+636,151$51,528,231→ 636,151 total(indirect: See footnotes)
Exercise: $148.86From: 2025-07-14Exp: 2028-07-14→ Common Stock (636,151 underlying)
Exercise of In-Money
Cash Settled Share Forward Transactions
2025-07-11$98.00/sh+2,501,339$245,131,222→ 2,501,339 total(indirect: See footnotes)
Exercise: $153.87From: 2025-07-14Exp: 2028-07-14→ Common Stock (2,501,339 underlying)
Exercise of In-Money
Cash Settled Share Forward Transactions
2025-07-11$81.00/sh+6,231,104$504,719,424→ 6,231,104 total(indirect: See footnotes)
Exercise: $148.86From: 2025-07-14Exp: 2028-07-14→ Common Stock (6,231,104 underlying)
Exercise of In-Money
Call Option on Cash Settled Share Forward Transactions
2025-07-11−2,501,339→ 0 total(indirect: See footnotes)
Exercise: $98.00From: 2023-12-19Exp: 2025-07-18→ Cash Settled Share Forward Transactions (2,501,339 underlying)
Exercise of In-Money
Call Option on Share Forward Transactions
2025-07-11−636,151→ 0 total(indirect: See footnotes)
Exercise: $81.00From: 2023-12-19Exp: 2025-07-18→ Share Forward Transactions (636,151 underlying)

MR Cobalt Advisor LLC

Other

Transactions

Exercise of In-Money
Share Forward Transactions
2025-07-11$81.00/sh+636,151$51,528,231→ 636,151 total(indirect: See footnotes)
Exercise: $148.86From: 2025-07-14Exp: 2028-07-14→ Common Stock (636,151 underlying)
Exercise of In-Money
Cash Settled Share Forward Transactions
2025-07-11$81.00/sh+6,231,104$504,719,424→ 6,231,104 total(indirect: See footnotes)
Exercise: $148.86From: 2025-07-14Exp: 2028-07-14→ Common Stock (6,231,104 underlying)
Exercise of In-Money
Call Option on Share Forward Transactions
2025-07-11−900,360→ 0 total(indirect: See footnotes)
Exercise: $98.00From: 2023-12-19Exp: 2025-07-18→ Share Forward Transactions (900,360 underlying)
Exercise of In-Money
Share Forward Transactions
2025-07-11$98.00/sh+900,360$88,235,280→ 900,360 total(indirect: See footnotes)
Exercise: $153.87From: 2025-07-14Exp: 2028-07-14→ Common Stock (900,360 underlying)
Exercise of In-Money
Call Option on Share Forward Transactions
2025-07-11−636,151→ 0 total(indirect: See footnotes)
Exercise: $81.00From: 2023-12-19Exp: 2025-07-18→ Share Forward Transactions (636,151 underlying)
Exercise of In-Money
Call Option on Cash Settled Share Forward Transactions
2025-07-11−6,231,104→ 0 total(indirect: See footnotes)
Exercise: $81.00From: 2023-12-19Exp: 2025-07-18→ Cash Settled Share Forward Transactions (6,231,104 underlying)
Exercise of In-Money
Call Option on Cash Settled Share Forward Transactions
2025-07-11−2,501,339→ 0 total(indirect: See footnotes)
Exercise: $98.00From: 2023-12-19Exp: 2025-07-18→ Cash Settled Share Forward Transactions (2,501,339 underlying)
Exercise of In-Money
Cash Settled Share Forward Transactions
2025-07-11$98.00/sh+2,501,339$245,131,222→ 2,501,339 total(indirect: See footnotes)
Exercise: $153.87From: 2025-07-14Exp: 2028-07-14→ Common Stock (2,501,339 underlying)

Footnotes (11)

[F1]In addition to Mantle Ridge LP, a Delaware limited partnership ("Mantle Ridge"), this Form 4 is being filed jointly by MR Cobalt Advisor LLC, a Delaware limited liability company ("MR Cobalt"), and Paul C. Hilal, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Mantle Ridge and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). All Subject Securities reported on this Form 4 are rounded up to the nearest whole share.
[F10]The forward price for the relevant Deemed PSF Agreements or Deemed CSF Agreements, as applicable, is $153.87 (subject to certain adjustments in accordance with the Deemed PSF Forwards or the Deemed CSF Agreements, as applicable), which forward price is rounded to the nearest hundredth and represents the strike price plus a previously paid premium under the relevant PSF-Option Agreement or CSF-Option Agreements, as applicable.
[F11]The forward price for the relevant Deemed PSF Agreements or Deemed CSF Agreements, as applicable, is $148.86 (subject to certain adjustments in accordance with the Deemed PSF Agreements or the Deemed CSF Agreements, as applicable), which forward price is rounded to the nearest hundredth and represents the strike price plus a previously paid premium under the relevant PSF-Option Agreement or CSF-Option Agreements, as applicable.
[F2]MR Cobalt, a wholly owned subsidiary of Mantle Ridge, advises the accounts of MR Cobalt Offshore Fund AB LLC and MR Cobalt Offshore Fund CB 02 LLC, each a Cayman Islands exempted company (all such funds and their subsidiaries together, the "Mantle Ridge Funds").
[F3]MR Cobalt, as the investment adviser to the Mantle Ridge Funds, and Mantle Ridge, as the sole member of MR Cobalt, each may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Paul C. Hilal's position as ultimately controlling MR Cobalt and Mantle Ridge, Paul C. Hilal may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
[F4]Paul C. Hilal is a member of the board of directors of the Issuer, and as a result, each of the other Reporting Persons may be directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.
[F5]On July 11, 2025, each Mantle Ridge Fund exercised its American-style call option transactions exercisable into share forward transactions that may be cash or physically settled (the "PSF-Option Agreements") with an unaffiliated third-party financial institution (the "Option Counterparty") pursuant to which, upon paying the strike price of such PSF-Option Agreements, each Mantle Ridge Fund and the Option Counterparty were deemed to enter into such share forward transactions (each, a "Deemed PSF Agreement") collectively referencing an aggregate number of shares of Common Stock equal to the number of shares underlying the options exercised.
[F6][continued from FN(5)] Under the terms of the Deemed PSF Agreements, at maturity, subject to certain conditions, the Mantle Ridge Funds will purchase each share of Common Stock underlying its Deemed PSF Agreements at the agreed-upon forward price plus a financing charge, unless the conditions to physical settlement are not satisfied or the Mantle Ridge Funds elect cash settlement, in which case cash settlement will apply and the relevant Mantle Ridge Fund will pay to the Option Counterparty any decrease in, and receive from the Option Counterparty any increase in, the market price of the referenced number of shares of Common Stock during a period determined in accordance with the Deemed PSF Agreement around each valuation date (including if the relevant Mantle Ridge Fund elects to early terminate such Deemed PSF Agreement) compared with the agreed-upon forward price (plus a financing charge), as adjusted to account for any cash dividends or distributions declared by the Issuer.
[F7][continued from FN(6)] The relevant Mantle Ridge Fund may elect to terminate the Deemed PSF Agreement early, in which case the valuation date will occur on such early termination date.
[F8]On July 11, 2025, each Mantle Ridge Fund exercised its American-style call option transactions exercisable into cash-settled share forward transactions (the "CSF-Option Agreements") with the Option Counterparty pursuant to which, upon paying the strike price of such CSF-Option Agreements, each Mantle Ridge Fund and the Option Counterparty were deemed to enter into such share forward transactions (each, a "Deemed CSF Agreement") collectively referencing an aggregate number of shares of Common Stock equal to the shares underlying the number of options exercised.
[F9][continued from FN(8)] Under the terms of the Deemed CSF Agreements, at maturity or upon early termination, the Mantle Ridge Funds will pay to the Option Counterparty any decrease in, and receive from the Option Counterparty any increase in, the market price of the referenced number of shares of Common Stock during a period determined in accordance with the Deemed CSF Agreement around each valuation date compared with the agreed-upon forward price (plus a financing charge), as adjusted to account for any cash dividends or distributions declared by the Issuer. The relevant Mantle Ridge Fund may elect to terminate the Deemed CSF Agreement early, in which case the valuation date will occur on such early termination date.

Documents

1 file

4
tm2520931-1_4seq1.xmlPrimary
OWNERSHIP DOCUMENT

Issuer

DOLLAR TREE, INC.

CIK 0000935703

→

Entity typeother

Related Parties

filerCIK 0001413084

Filing Metadata

Form type: 4
Filed: Jul 14, 8:00 PM ET
Accepted: Jul 15, 4:05 PM ET
Size: 33.1 KB

View on SEC.gov