# EDGAR Filing Document

**Accession Number:** 0001695459
**File Stem:** 0001104659-26-077544
**Filing Date:** 2026-6
**Character Count:** 17798
**Document Hash:** ed593374e0884df6723d507eb4ee9dc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-077544.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001104659-26-077544

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DOLLAR TREE, INC.
- **CENTRAL INDEX KEY:** 0000935703
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-VARIETY STORES [5331]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 541387365
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 0130

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-50167
- **FILM NUMBER:** 261117734

**BUSINESS ADDRESS:**
- **STREET 1:** 500 VOLVO PARKWAY
- **STREET 2:** N/A
- **CITY:** CHESAPEAKE
- **STATE:** VA
- **ZIP:** 23320
- **BUSINESS PHONE:** (757) 321-5000

**MAIL ADDRESS:**
- **STREET 1:** 500 VOLVO PARKWAY
- **CITY:** CHESAPEAKE
- **STATE:** VA
- **ZIP:** 23320

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DOLLAR TREE INC
- **DATE OF NAME CHANGE:** 20080328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DOLLAR TREE STORES INC
- **DATE OF NAME CHANGE:** 19950117
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mantle Ridge LP
- **CENTRAL INDEX KEY:** 0001695459

**ORGANIZATION NAME:**
- **EIN:** 813048123
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 712 FIFTH AVENUE, SUITE 17F
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 646-762-8540

**MAIL ADDRESS:**
- **STREET 1:** 712 FIFTH AVENUE, SUITE 17F
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Exhibit 99.12

**Exhibit 99.12**

**TRADING DATA**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Entity** | &nbsp;&nbsp;**Date** | &nbsp;&nbsp;**Buy/ Sell/ Exercise/ Distribution** | &nbsp;&nbsp;**No. of Shares** | &nbsp;&nbsp;**Price/ Premium per Share** | &nbsp;&nbsp;**Strike Price** | &nbsp;&nbsp;**Expiration Date** | &nbsp;&nbsp;**Security** |
| &nbsp;&nbsp;MR Cobalt Offshore Fund AB LLC | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Sell | &nbsp;&nbsp;1856648 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Common stock |
| &nbsp;&nbsp;MR Cobalt Offshore Fund AB LLC | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Sell | &nbsp;&nbsp;900360 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;7/14/2028 | &nbsp;&nbsp;Deemed PSF Agreements |
| &nbsp;&nbsp;MR Cobalt Offshore Fund AB LLC | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Distribute | &nbsp;&nbsp;2545590 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Common stock |
| &nbsp;&nbsp;MR Cobalt Offshore Fund CB 01 LTD | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Sell | &nbsp;&nbsp;372176 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Common stock |
| &nbsp;&nbsp;MR Cobalt Offshore Fund CB 01 LTD | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Distribute | &nbsp;&nbsp;10639 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Common stock |
| &nbsp;&nbsp;MR Cobalt Offshore Fund CB 02 LLC | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Sell | &nbsp;&nbsp;33981 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;7/14/2028 | &nbsp;&nbsp;Deemed PSF Agreements |
| &nbsp;&nbsp;MR Cobalt Offshore Fund CB 02 LLC | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Convert | &nbsp;&nbsp;602170 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;7/14/2028 | &nbsp;&nbsp;Deemed PSF Agreements |
| &nbsp;&nbsp;MR Cobalt Offshore Fund CB 02 LLC | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Distribute | &nbsp;&nbsp;7182648 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Common stock |
| &nbsp;&nbsp;MR Cobalt Offshore Fund CB 03 LTD | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Sell | &nbsp;&nbsp;1631 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Common stock |
| &nbsp;&nbsp;MR Cobalt Offshore Fund CB 03 LTD | &nbsp;&nbsp;6/24/2026 | &nbsp;&nbsp;Distribute | &nbsp;&nbsp;737231 | &nbsp;&nbsp;$111.31 | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Common stock |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 6)**

**Dollar Tree, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.01 per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Paul C. Hilal**<br>Mantle Ridge LP<br>712 Fifth Avenue, Suite 17F<br>New York City NY 10006<br>646-762-8540

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/24/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Mantle Ridge LP** | Name of reporting person<br>**Mantle Ridge LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**209944.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**209944.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**209944.00** | Aggregate amount beneficially owned by each reporting person<br>**209944.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.1%** | Percent of class represented by amount in Row (11)<br>**0.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** * All percentage calculations set forth herein are based upon the aggregate of 192,174,588 shares of Common Stock outstanding as of May 26, 2026, as reported in Dollar Tree, Inc.'s Form 10-Q filed  with the U.S. Securities and Exchange Commission (the "SEC") on May 28, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**MR Cobalt Advisor LLC** | Name of reporting person<br>**MR Cobalt Advisor LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**209944.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**209944.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**209944.00** | Aggregate amount beneficially owned by each reporting person<br>**209944.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.1%** | Percent of class represented by amount in Row (11)<br>**0.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** *All percentage calculations set forth herein are based upon the aggregate of 192,174,588 shares of Common Stock outstanding as of May 26, 2026, as reported in Dollar Tree, Inc.'s Form 10-Q filed with the SEC on May 28, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Paul C. Hilal** | Name of reporting person<br>**Paul C. Hilal** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**100.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**209944.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**100.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**209944.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**210044.00** | Aggregate amount beneficially owned by each reporting person<br>**210044.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.1%** | Percent of class represented by amount in Row (11)<br>**0.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** *All percentage calculations set forth herein are based upon the aggregate of 192,174,588 shares of Common Stock outstanding as of May 26, 2026, as reported in Dollar Tree, Inc.'s Form 10-Q filed with the SEC on May 28, 2026.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.01 per share

**(b) Name of Issuer:**
Dollar Tree, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
500 Volvo Parkway, Chesapeake, VA, 23320

This Amendment No. 6 (this "Amendment") amends and supplements the Schedule 13D filed by the Reporting Persons with the SEC on November 12, 2021 (as amended and supplemented by that certain Amendment No. 1 filed by the Reporting Persons with the SEC on December 10, 2021, by that certain Amendment No. 2 filed by the Reporting Persons with the SEC on January 18, 2022, by that certain Amendment No. 3 filed by the Reporting Persons with the SEC on March 8, 2022, by that certain Amendment No. 4 filed by the Reporting Persons with the SEC on December 21, 2023, and by that certain Amendment No. 5 filed by the Reporting Persons with the SEC on July 15, 2025, the "Initial 13D"), relating to their beneficial ownership in the Issuer. Except to the extent set forth in this Amendment, all information disclosed in the Initial 13D remains unchanged. Capitalized terms not defined in this Amendment shall have the respective meanings ascribed to them in the Initial 13D.

The information set forth in response to each separate item below shall be deemed to be a response to all Items where such information is relevant. The Initial 13D is hereby amended as follows:

ITEM 1. SECURITY AND ISSUER

Item 1 is hereby amended and restated to read in its entirety as follows:

This statement on Schedule 13D ("Schedule 13D") relates to the common stock, par value $0.01 per share (the "Common Stock"), of Dollar Tree, Inc., a Virginia corporation (the "Issuer"). The principal executive offices of the Issuer are located at 500 Volvo Parkway, Chesapeake, Virginia 23320.

On June 24, 2026, certain of the Mantle Ridge Funds took the actions described in Item 4 below. After giving effect to the transactions contemplated thereby, (a) Mantle Ridge, MR Cobalt Advisor and Mr. Hilal each beneficially owns an aggregate 209,944 shares of Common Stock, and Mr. Hilal beneficially owns an aggregate 210,944 shares of Common Stock, in each case representing approximately 0.1% of the outstanding shares of Common Stock as of May 26, 2026, and (b)  Mantle Ridge and MR Cobalt Advisor each retain a total economic exposure to an aggregate 209,944 shares of Common Stock, and Mr. Hilal retains a total economic exposure to 210,944 shares of Common Stock, in each case representing approximately 0.1% of the outstanding shares of Common Stock as of May 26, 2026, in the case of each of (a) and (b) based on the disclosure set forth in the Issuer's Form 10-Q filed with the SEC on May 28, 2026.

**Item 4. Purpose of Transaction**

Item 4 is hereby amended and supplemented by the addition of the following:

On June 24, 2026, based on elections made by the limited partners of the Mantle Ridge Funds, Mantle Ridge distributed in kind 10,476,108 shares of Common Stock to those of the Mantle Ridge limited partners of the Mantle Ridge Funds who elected to receive shares of Common Stock, of which 209,944 shares of Common Stock remain controlled by the general partner of the Mantle Ridge Funds. A portion of such shares of Common Stock comprised 602,170 shares of Common Stock obtained through the physical settlement, on June 24, 2026, by certain of the Mantle Ridge Funds of a portion of their Deemed PSF Agreements. Additionally, to facilitate the preference of those limited partners seeking cash, certain of the Mantle Ridge Funds sold, pursuant to Rule 144 under the Securities Act of 1933, as amended, an aggregate 2,230,455 shares of Common Stock at a price per share of $111.31.

Substantially concurrently with the foregoing, the Mantle Ridge Funds terminated all of their remaining Deemed PSF Agreements, covering 934,341 shares of Common Stock, and their remaining Deemed CSF Agreements, covering 9,655,604 shares of Common Stock, in each case using a reference price per share of $111.31.

Following the transactions described above, Paul Hilal will continue serving on the board of directors of the Issuer. Those shares that remain under his voting or dispositive control will remain subject to the disclosure, reporting, and other obligations of the securities laws.

**Item 5. Interest in Securities of the Issuer**

**(a)**
(a) Item 5(a) is hereby amended and supplemented by the addition of the following:

Information about the number and percentage of shares of Common Stock beneficially owned by the Reporting Persons is set forth in Item 1, and that information is incorporated by reference herein.

**(b)**
(b) Item 5(b) is hereby amended and supplemented by the addition of the following:

Information about the number and percentage of shares of Common Stock beneficially owned by the Reporting Persons is set forth in Item 1, and that information is incorporated by reference herein.

**(c)**
(c) Item 5(c) is hereby amended and supplemented by the addition of the following:

(c) The transactions contemplated by the agreements described in Item 4 above are the only transactions in shares of Common Stock effected in the 60 days prior to the date of this Amendment.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Mantle Ridge LP

**Signature:** By: Mantle Ridge GP LLC, its general partner By: PCH MR Advisor Holdings LLC, its managing member /s/ Paul C. Hilal

**Name/Title:** Paul C. Hilal, Sole Member

**Date:** 06/25/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** MR Cobalt Advisor LLC

**Signature:** 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

**Name/Title:** Paul C. Hilal, Sole Member

**Date:** 06/25/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Paul C. Hilal

**Signature:** /s/ Paul C. Hilal

**Name/Title:** Paul C. Hilal

**Date:** 06/25/2026