Mantle Ridge LP - Dec 9, 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
Stock symbol
DLTR
Transactions as of
Dec 9, 2022
Transactions value $
-$84,021,854
Form type
4
Date filed
12/13/2022, 04:30 PM
Previous filing
Aug 16, 2022
Next filing
Aug 9, 2023

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 -115K -100% 0 Dec 9, 2022 Common Stock 115K $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 +115K 115K Dec 9, 2022 Common Stock 115K $55.80 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other -$6.4M -44.5K -38.77% $143.91 70.3K Dec 9, 2022 Common Stock 44.5K $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 -35.2K -100% 0 Dec 9, 2022 Common Stock 35.2K $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 +35.2K 35.2K Dec 9, 2022 Common Stock 35.2K $55.94 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other -$1.97M -13.7K -38.87% $143.91 21.5K Dec 9, 2022 Common Stock 13.7K $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 -240K -100% 0 Dec 9, 2022 Common Stock 240K $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 +240K 240K Dec 9, 2022 Common Stock 240K $56.06 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other -$13.5M -93.5K -38.96% $143.91 147K Dec 9, 2022 Common Stock 93.5K $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 -290K -100% 0 Dec 9, 2022 Common Stock 290K $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 +290K 290K Dec 9, 2022 Common Stock 290K $55.29 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other -$16M -111K -38.42% $143.91 179K Dec 9, 2022 Common Stock 111K $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 -388K -100% 0 Dec 9, 2022 Common Stock 388K $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 +388K 388K Dec 9, 2022 Common Stock 388K $55.88 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other -$21.7M -151K -38.83% $143.91 237K Dec 9, 2022 Common Stock 151K $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 -310K -100% 0 Dec 9, 2022 Common Stock 310K $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 +310K 310K Dec 9, 2022 Common Stock 310K $55.61 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other -$17.2M -120K -38.65% $143.91 190K Dec 9, 2022 Common Stock 120K $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 -129K -100% 0 Dec 9, 2022 Common Stock 129K $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 +129K 129K Dec 9, 2022 Common Stock 129K $56.09 See footnotes F1, F2, F3, F4, F5
transaction DLTR Cash-settled forward contracts Other -$7.24M -50.3K -38.98% $143.91 78.7K Dec 9, 2022 Common Stock 50.3K $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.