Mantle Ridge LP - 09 Dec 2022 Form 4 Insider Report for DOLLAR TREE, INC. (DLTR)

Role
Director by deputization
Signature
MANTLE RIDGE LP, By: Mantle Ridge GP LLC, its general partner, By: PCH MR Advisor Holdings LLC, its managing member, By: /s/ Paul C. Hilal, Paul C. Hilal, Sole Member
Issuer symbol
DLTR
Transactions as of
09 Dec 2022
Net transactions value
-$84,021,854
Form type
4
Filing time
13 Dec 2022, 16:30:25 UTC
Previous filing
16 Aug 2022
Next filing
09 Aug 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DLTR Call options on cash-settled forwards (right to buy) Exercise of in-the-money or at-the-money derivative security -114,749 -100% 0 09 Dec 2022 Common Stock 114,749 $55.80 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Exercise of in-the-money or at-the-money derivative security +114,749 114,749 09 Dec 2022 Common Stock 114,749 $55.80 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other $6,402,556 -44,490 -39% $143.91 70,259 09 Dec 2022 Common Stock 44,490 $55.80 See footnotes F1, F2, F3, F4, F5
transaction DLTR Call options on cash-settled forwards (right to buy) Exercise of in-the-money or at-the-money derivative security -35,171 -100% 0 09 Dec 2022 Common Stock 35,171 $55.94 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Exercise of in-the-money or at-the-money derivative security +35,171 35,171 09 Dec 2022 Common Stock 35,171 $55.94 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other $1,967,538 -13,672 -39% $143.91 21,499 09 Dec 2022 Common Stock 13,672 $55.94 See footnotes F1, F2, F3, F4, F5
transaction DLTR Call options on cash-settled forwards (right to buy) Exercise of in-the-money or at-the-money derivative security -240,105 -100% 0 09 Dec 2022 Common Stock 240,105 $56.06 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Exercise of in-the-money or at-the-money derivative security +240,105 240,105 09 Dec 2022 Common Stock 240,105 $56.06 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other $13,460,478 -93,534 -39% $143.91 146,571 09 Dec 2022 Common Stock 93,534 $56.06 See footnotes F1, F2, F3, F4, F5
transaction DLTR Call options on cash-settled forwards (right to buy) Exercise of in-the-money or at-the-money derivative security -290,000 -100% 0 09 Dec 2022 Common Stock 290,000 $55.29 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Exercise of in-the-money or at-the-money derivative security +290,000 290,000 09 Dec 2022 Common Stock 290,000 $55.29 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other $16,033,589 -111,414 -38% $143.91 178,586 09 Dec 2022 Common Stock 111,414 $55.29 See footnotes F1, F2, F3, F4, F5
transaction DLTR Call options on cash-settled forwards (right to buy) Exercise of in-the-money or at-the-money derivative security -388,000 -100% 0 09 Dec 2022 Common Stock 388,000 $55.88 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Exercise of in-the-money or at-the-money derivative security +388,000 388,000 09 Dec 2022 Common Stock 388,000 $55.88 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other $21,682,056 -150,664 -39% $143.91 237,336 09 Dec 2022 Common Stock 150,664 $55.88 See footnotes F1, F2, F3, F4, F5
transaction DLTR Call options on cash-settled forwards (right to buy) Exercise of in-the-money or at-the-money derivative security -310,000 -100% 0 09 Dec 2022 Common Stock 310,000 $55.61 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Exercise of in-the-money or at-the-money derivative security +310,000 310,000 09 Dec 2022 Common Stock 310,000 $55.61 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other $17,240,562 -119,801 -39% $143.91 190,199 09 Dec 2022 Common Stock 119,801 $55.61 See footnotes F1, F2, F3, F4, F5
transaction DLTR Call options on cash-settled forwards (right to buy) Exercise of in-the-money or at-the-money derivative security -128,986 -100% 0 09 Dec 2022 Common Stock 128,986 $56.09 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Exercise of in-the-money or at-the-money derivative security +128,986 128,986 09 Dec 2022 Common Stock 128,986 $56.09 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other $7,235,075 -50,275 -39% $143.91 78,711 09 Dec 2022 Common Stock 50,275 $56.09 See footnotes F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 MR Cobalt, a wholly owned subsidiary of Mantle Ridge, advises the accounts of MR Cobalt Offshore Fund AB Ltd, MR Cobalt Offshore Fund CB 01 Ltd and MR Cobalt Offshore Fund CB 02 Ltd, 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 In order to comply with a contractual commitment in one of the Mantle Ridge Funds, all of its CSF-Option Agreements were net settled into an equivalent net number of Cash Settled Forward Agreements. The terms of the CSF-Option Agreements and Cash Settled Forward Agreements are described in a prior Form 3 filing. These transactions were effected solely to the extent required to satisfy the pre-existing contractual commitment described above. This settlement transaction fully satisfies that commitment, and none of the other Mantle Ridge Funds have a similar commitment.