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<submissionType>SCHEDULE 13G/A</submissionType>
<previousAccessionNumber>0001373604-24-000012</previousAccessionNumber>
<filerInfo>
<filer>
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<cik>0001373604</cik>
<ccc>XXXXXXXX</ccc>
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<liveTestFlag>LIVE</liveTestFlag>



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<formData>
<coverPageHeader>
<amendmentNo>2</amendmentNo>
<securitiesClassTitle>Common Stock, $0.000001 par value per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>12/31/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001789769</issuerCik>
<issuerName>Instil Bio, Inc.</issuerName>
<issuerCusip>45783C101</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>3963 Maple Avenue, Suite 350</com:street1>
<com:city>Dallas</com:city>
<com:stateOrCountry>TX</com:stateOrCountry>
<com:zipCode>75219</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
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<coverPageHeaderReportingPersonDetails>

<reportingPersonName>BML Investment Partners, L.P.</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>645600</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>645600</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>645600</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>9.5</classPercent>
<typeOfReportingPerson>PN</typeOfReportingPerson>
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<items>
<item1>
<issuerName>Instil Bio, Inc.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>3963 Maple Avenue, Suite 350, Dallas, Texas, 75219</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>BML Investmetn Partners, L.P.</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>65 E Cedar - Suite 2</principalBusinessOfficeOrResidenceAddress>
<citizenship>Delaware</citizenship>
</item2>
<item3>
<notApplicableFlag>Y</notApplicableFlag>
</item3>
<item4>
<amountBeneficiallyOwned>645600</amountBeneficiallyOwned>
<classPercent>9.5</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>0</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>645600</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>645600</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
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<item5>
<notApplicableFlag>Y</notApplicableFlag>
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<item6>
<notApplicableFlag>Y</notApplicableFlag>
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<notApplicableFlag>Y</notApplicableFlag>
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<notApplicableFlag>Y</notApplicableFlag>
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<item9>
<notApplicableFlag>Y</notApplicableFlag>
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<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>BML Investment Partners, L.P.</reportingPersonName>
<signatureDetails>
<signature>Braden M Leonard</signature>
<title>BML Capital Management, LLC its General Partner By: Braden M Leonard, its Managing Member</title>
<date>02/09/2026</date>
</signatureDetails>
</signatureInformation>
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