KKR North America XIII S.a r.l. 4

What Happened

• KKR Hawaii Aggregator L.P. (a reported 10% owner) entered into a total return swap that on March 6, 2026 was set to cover 918,723 notional shares of Henry Schein (HSIC). The notional price was fixed at $80.55 per share, implying an economic exposure of roughly $74.0 million. This filing reports an "other acquisition" (derivative) — KKR has the right to receive those shares from the counterparty, but the shares are not directly held by KKR at the time of the filing.

Key Details

• Transaction date: March 6, 2026 (initial hedge period completed and notional share count set).
• Notional shares and price: 918,723 shares at $80.55 per share (notional value ≈ $74.0M).
• Transaction type: Derivative (total return swap) reported as an "other acquisition" (code J); no direct purchase of shares on the market.
• Ownership after transaction: No direct shares reported — KKR holds contractual/economic exposure to 918,723 shares via the swap; settlement would result in direct ownership if/when the counterparty delivers shares.
• Footnotes: Swap entered Feb 26, 2026; March 6 completed initial hedge and fixed notional amount. Multi-tier KKR entity structure is disclosed; reporting persons disclaim beneficial ownership except for pecuniary interest.
• Filing timeliness: Report filed March 10, 2026 for a March 6 transaction (filed within the SEC’s standard 2 business‑day window).

Context

• This is an institutional derivative position (total return swap), not an executive buying or selling stock. Such swaps provide economic exposure to share performance without immediate direct ownership and can be used for hedging or investment purposes. The filing documents the contractual right to receive up to 918,723 shares but does not by itself indicate KKR has taken direct ownership.