STOCK TITAN

KKR (HSIC) discloses 16.4% Henry Schein stake including swap exposure

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Henry Schein, Inc. received an updated Schedule 13D/A (Amendment No. 7) from multiple KKR-affiliated entities. They report beneficial ownership of 18,853,071 shares of common stock, representing 16.4% of outstanding shares as of February 17, 2026.

The position includes 15,263,662 shares held directly by KKR Hawaii Holdings L.P., 388,370 shares held directly by MH Sub I, LLC, and 3,201,039 shares that KKR Hawaii Aggregator L.P. has the right to acquire through total return swaps, including a new February 2026 swap on 918,723 notional shares at a notional price of $80.55 per share. KKR expects to fund any share acquisition through capital contributions from the reporting entities and their affiliates.

Positive

  • None.

Negative

  • None.





Christopher Lee, Esq.
Kohlberg Kravis Roberts Co. L.P., 30 Hudson Yards
New York, NY, 10001
(212) 750-8300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
03/09/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


KKR Hawaii Holdings L.P.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary, KKR Hawaii Holdings GP LLC, its general partner
Date:03/10/2026
KKR Hawaii Holdings GP LLC
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary
Date:03/10/2026
KKR Hawaii Aggregator L.P.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary, KKR Hawaii Aggregator GP LLC, its general partner
Date:03/10/2026
KKR Hawaii Aggregator GP LLC
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary
Date:03/10/2026
KKR North America Fund XIII SCSp
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Authorized Signatory, KKR North America XIII S.a r.l., GP of KKR Associates North America XIII SCSp, its general partner
Date:03/10/2026
KKR Associates North America XIII SCSp
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Authorized Signatory, KKR North America XIII S.a r.l., its general partner
Date:03/10/2026
KKR North America XIII S.a r.l.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Authorized Signatory
Date:03/10/2026
KKR North America XIII Holdings Limited
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary
Date:03/10/2026
MH Sub I, LLC
Signature:/s/ B. Lynn Walsh
Name/Title:B. Lynn Walsh, Secretary
Date:03/10/2026
Indigo Intermediate Co II, LLC
Signature:/s/ B. Lynn Walsh
Name/Title:B. Lynn Walsh, Secretary
Date:03/10/2026
IB Aggregator II L.P.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary, KKR Indigo Aggregator III GP LLC, its controlling general partner
Date:03/10/2026
KKR Indigo Aggregator III GP LLC
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary
Date:03/10/2026
KKR Americas Fund XII (Indigo) L.P.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary, KKR Americas XII AIV GP LLC, GP of KKR Associates Americas XII AIV L.P., its general partner
Date:03/10/2026
KKR Associates Americas XII AIV L.P.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary, KKR Americas XII AIV GP LLC, its general partner
Date:03/10/2026
KKR Americas XII AIV GP LLC
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary
Date:03/10/2026
KKR Group Partnership L.P.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Secretary, KKR Group Holdings Corp., its general partner
Date:03/10/2026
KKR Group Holdings Corp.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Secretary
Date:03/10/2026
KKR Group Co. Inc.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Secretary
Date:03/10/2026
KKR & Co. Inc.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Secretary
Date:03/10/2026
KKR Management LLP
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary
Date:03/10/2026
Henry R. Kravis
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Attorney-in-fact
Date:03/10/2026
George R. Roberts
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Attorney-in-fact
Date:03/10/2026

FAQ

What stake do KKR entities report in Henry Schein (HSIC)?

KKR-affiliated entities report beneficial ownership of 18,853,071 Henry Schein shares, representing 16.4% of the outstanding common stock as of February 17, 2026. This combines directly held shares and shares subject to derivative contracts.

How many Henry Schein (HSIC) shares does KKR hold directly?

KKR entities directly hold 15,263,662 Henry Schein shares through KKR Hawaii Holdings L.P. and 388,370 shares through MH Sub I, LLC. These positions form the cash-equity portion of their disclosed 16.4% beneficial ownership stake.

What derivatives on Henry Schein (HSIC) stock are disclosed by KKR?

KKR Hawaii Aggregator L.P. has rights to acquire 3,201,039 Henry Schein shares via total return swaps, including a February 2026 swap on 918,723 notional shares at a notional price of $80.55 per share with Nomura.

How was the 16.4% ownership in Henry Schein (HSIC) calculated?

The 16.4% figure is based on 114,704,121 Henry Schein shares outstanding as of February 17, 2026, as reported in the company’s Form 10-K. KKR’s beneficial stake of 18,853,071 shares is measured against that share count.

Who are the main KKR entities holding Henry Schein (HSIC) shares?

Key entities include KKR Hawaii Holdings L.P. with 15,263,662 shares, KKR Hawaii Aggregator L.P. holding swap rights on 3,201,039 shares, and MH Sub I, LLC with 388,370 shares. Various KKR parent entities may be deemed beneficial owners through control relationships.

How does KKR plan to fund potential Henry Schein (HSIC) share acquisitions?

KKR states that funds used to acquire Henry Schein shares under the swaps are expected to come from capital contributions of the reporting entities and their respective partners, members and affiliates, rather than from the issuer.