Mantle Ridge LP - 24 Jun 2026 Form 4 Insider Report for DOLLAR TREE, INC. (DLTR)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
25 Jun 2026, 12:41:26 UTC
Prior SEC filing
13 Feb 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
MANTLE RIDGE LP, By: Mantle Ridge GP LLC, its general partner, PCH MR Advisor Holdings LLC, its managing member, /s/ Paul C. Hilal, Sole Member

Key filing fact

Mantle Ridge LP filed Form 4 for DOLLAR TREE, INC. (DLTR) on 25 Jun 2026.

Key facts

  • This page summarizes Mantle Ridge LP's Form 4 filing for DOLLAR TREE, INC. (DLTR).
  • 15 reported transactions and 36 derivative rows are listed below.
  • Accepted by SEC: 25 Jun 2026, 12:41.

Change

  • Previous filing in this sequence was filed on 13 Feb 2026.
  • Current net transaction value: -$248,271,946.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (3)

CIK 0001695459 Primary reporting owner

Mantle Ridge LP

Relationship
Director by deputization
Address
712 FIFTH AVENUE, SUITE 17F, NEW YORK
Signature
MANTLE RIDGE LP, By: Mantle Ridge GP LLC, its general partner, PCH MR Advisor Holdings LLC, its managing member, /s/ Paul C. Hilal, Sole Member
Signature date
25 Jun 2026
CIK 0001893902

MR Cobalt Advisor LLC

Relationship
Director by deputization
Address
712 FIFTH AVENUE, SUITE 17F, NEW YORK
Signature
MR COBALT ADVISOR LLC, By: Mantle Ridge LP, its sole member, Mantle Ridge GP LLC, its general partner, PCH MR Advisor Holdings LLC, its managing member, /s/ Paul C. Hilal, Sole Member
Signature date
25 Jun 2026
CIK 0001413084

Hilal Paul C

Relationship
Director
Address
712 FIFTH AVENUE, SUITE 17F, NEW YORK
Signature
/s/ Paul C. Hilal
Signature date
25 Jun 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DLTR transaction

Common Stock, par value $0.01 per share

Conversion of derivative security

Transaction value
Shares
+602,170
Change %
+5%
Price
Shares after
12,706,663
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4, F5
DLTR transaction

Common Stock, par value $0.01 per share

Conversion of derivative security

Transaction value
Shares
+602,170
Change %
+5%
Price
Shares after
12,706,663
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4, F5
DLTR transaction

Common Stock, par value $0.01 per share

Conversion of derivative security

Transaction value
Shares
+602,170
Change %
+5%
Price
Shares after
12,706,663
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4, F5
DLTR transaction

Common Stock, par value $0.01 per share

Sale

Transaction value
$248,271,946
Shares
-2,230,455
Change %
-18%
Price
$111.31
Shares after
10,476,208
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4
DLTR transaction

Common Stock, par value $0.01 per share

Sale

Transaction value
$248,271,946
Shares
-2,230,455
Change %
-18%
Price
$111.31
Shares after
10,476,208
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4
DLTR transaction

Common Stock, par value $0.01 per share

Sale

Transaction value
$248,271,946
Shares
-2,230,455
Change %
-18%
Price
$111.31
Shares after
10,476,208
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4
DLTR transaction

Common Stock, par value $0.01 per share

Other

Transaction value
Shares
-10,266,164
Change %
-98%
Price
$0.000000*
Shares after
210,044
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4, F6, F7
DLTR transaction

Common Stock, par value $0.01 per share

Other

Transaction value
Shares
-10,266,164
Change %
-98%
Price
$0.000000*
Shares after
210,044
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4, F6, F7
DLTR transaction

Common Stock, par value $0.01 per share

Other

Transaction value
Shares
-10,266,164
Change %
-98%
Price
$0.000000*
Shares after
210,044
Date
24 Jun 2026
Ownership
See footnotes
Footnotes
F1, F2, F3, F4, F6, F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DLTR transaction Derivative

Share Forward Transactions

Conversion of derivative security

Transaction value
Shares
-602,170
Change %
-95%
Price
Shares after
33,981
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
602,170
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F5
DLTR transaction Derivative

Share Forward Transactions

Conversion of derivative security

Transaction value
Shares
-602,170
Change %
-95%
Price
Shares after
33,981
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
602,170
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F5
DLTR transaction Derivative

Share Forward Transactions

Conversion of derivative security

Transaction value
Shares
-602,170
Change %
-95%
Price
Shares after
33,981
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
602,170
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F5
DLTR transaction Derivative

Share Forward Transactions

Sale

Transaction value
Shares
-33,981
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
33,981
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F8
DLTR transaction Derivative

Share Forward Transactions

Sale

Transaction value
Shares
-33,981
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
33,981
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F8
DLTR transaction Derivative

Share Forward Transactions

Sale

Transaction value
Shares
-33,981
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
33,981
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F8
DLTR transaction Derivative

Share Forward Transactions

Sale

Transaction value
Shares
-900,360
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
900,360
Exercise price
$153.87
Footnotes
F1, F2, F3, F4, F8
DLTR transaction Derivative

Share Forward Transactions

Sale

Transaction value
Shares
-900,360
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
900,360
Exercise price
$153.87
Footnotes
F1, F2, F3, F4, F8
DLTR transaction Derivative

Share Forward Transactions

Sale

Transaction value
Shares
-900,360
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
900,360
Exercise price
$153.87
Footnotes
F1, F2, F3, F4, F8
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-2,501,339
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
2,501,339
Exercise price
$153.87
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-2,501,339
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
2,501,339
Exercise price
$153.87
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-2,501,339
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
2,501,339
Exercise price
$153.87
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-6,231,104
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
6,231,104
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-6,231,104
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
6,231,104
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-6,231,104
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
6,231,104
Exercise price
$148.86
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-70,259
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
70,259
Exercise price
$105.21
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-70,259
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
70,259
Exercise price
$105.21
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-70,259
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
70,259
Exercise price
$105.21
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-21,499
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
21,499
Exercise price
$105.48
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-21,499
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
21,499
Exercise price
$105.48
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-21,499
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
21,499
Exercise price
$105.48
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-146,571
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
146,571
Exercise price
$105.71
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-146,571
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
146,571
Exercise price
$105.71
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-146,571
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
146,571
Exercise price
$105.71
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-178,586
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
178,586
Exercise price
$104.25
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-178,586
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
178,586
Exercise price
$104.25
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-178,586
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
178,586
Exercise price
$104.25
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-237,336
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
237,336
Exercise price
$105.37
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-237,336
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
237,336
Exercise price
$105.37
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-237,336
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
237,336
Exercise price
$105.37
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-190,199
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
190,199
Exercise price
$104.87
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-190,199
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
190,199
Exercise price
$104.87
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-190,199
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
190,199
Exercise price
$104.87
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-78,711
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
78,711
Exercise price
$105.77
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-78,711
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
78,711
Exercise price
$105.77
Footnotes
F1, F2, F3, F4, F9
DLTR transaction Derivative

Cash Settled Share Forward Transactions

Sale

Transaction value
Shares
-78,711
Change %
-100%
Price
Shares after
0
Date
24 Jun 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
78,711
Exercise price
$105.77
Footnotes
F1, F2, F3, F4, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote 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.

Footnote 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 limited liability company, and MR Cobalt Offshore Fund CB01 LTD and MR Cobalt Offshore Fund CB03 LTD, each a Cayman Islands exempted company (all such funds and their subsidiaries together, the "Mantle Ridge Funds").

Footnote 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 (the "Exchange Act"). 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. The transactions reported in this Form 4 principally relate to the distribution of shares of Common Stock and cash to and among the limited partners of the Mantle Ridge Funds.

Footnote 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 Exchange Act.

Footnote F5

On June 24, 2026, one of the Mantle Ridge Funds physically settled a portion of the physically-settled share forward transactions that it was deemed to have entered into on July 11, 2025, with an unaffiliated third-party financial institution (the "Forward Counterparty"), receiving from the Forward Counterparty an aggregate of 602,170 Subject Securities at a forward price of $148.86 per share.

Footnote F6

The Reporting Persons caused the Mantle Ridge Funds to distribute the Subject Securities described in this row to direct and indirect owners of the Mantle Ridge Funds on a pro rata basis. No consideration was paid in connection with these distributions.

Footnote F7

The Reporting Persons have no plans to sell any further shares of the Issuer currently or in the foreseeable future. Paul C. Hilal intends to maintain these holdings and continue serving as a director of the board of directors of the Issuer.

Footnote F8

On June 24, 2026, each Mantle Ride Fund terminated certain of its physically-settled share forward transactions with the Forward Counterparty, using as a reference price for such termination $111.31.

Footnote F9

On June 24, 2026, each Mantle Ride Fund terminated its cash-settled share forward transactions with the Forward Counterparty, using as a reference price for such termination $111.31.

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