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  4. [Form 4] Medline Inc. Insider Trading Activity

Medline Inc. (MDLN) major holder sells 2,248,612 shares, keeps large stake

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Medline Inc. major holders affiliated with GIC Private Ltd, GIC Special Investments Pte Ltd and Hux Investment Pte. Ltd. reported selling 2,248,612 shares of Class A Common Stock on August 5–6, 2026 in open-market or private transactions at weighted-average prices around the mid-$30s. A separate entry reports 91,555,447 shares of Class A Common Stock indirectly owned through Hux Investment Pte. Ltd., with Hux sharing voting and dispositive power with GIC Special Investments and GIC. Each reporting person, and the Government of Singapore, disclaims beneficial ownership except to the extent of its pecuniary interest. The Rule 10b5‑1 plan checkbox is not marked.

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Insider GIC Private Ltd, GIC Special Investments Pte Ltd, Hux Investment Pte. Ltd.
Role 10% Owner | 10% Owner | 10% Owner
Sold 2,248,612 shs ($79.97M)
Type Security Shares Price Value
Sale Class A Common Stock F4, F2 271,994 $35.33 $9.61M
Sale Class A Common Stock F1, F2 1,710,907 $35.46 $60.67M
Sale Class A Common Stock F3, F2 265,711 $36.48 $9.69M
holding Class A Common Stock F2, F5 -- -- --
Holdings After Transaction: Class A Common Stock — 24,992,766 shares (Direct); Class A Common Stock — 91,555,447 shares (Indirect, Hux Investment Pte. Ltd.)
Footnotes (5)
  1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.08 to $35.99, inclusive. The reporting person undertakes to provide to Medline Inc., any security holder of Medline Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1), (3) and (4) to this Form 4.
  2. F2. Each Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
  3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.72, inclusive.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.90, inclusive.
  5. F5. These securities are owned directly by Hux. Hux shares the power to vote and the power to dispose of these securities with GIC Special Investments Pte. Ltd. ("GIC SI") and GIC (with Hux and GIC SI, each a "Reporting Person"), both of which are private limited companies incorporated in Singapore. GIC SI is wholly owned by GIC and is the private equity investment arm of GIC. GIC is wholly owned by the Government of Singapore and was set up with the sole purpose of managing Singapore's foreign reserves. The Government of Singapore disclaims beneficial ownership of these securities.
Total shares sold 2,248,612 shares Aggregate Class A Common Stock sold on August 5–6, 2026 by reporting persons
Sale on 2026-08-05 (block 1) 1,710,907 shares at $35.46 Weighted-average price; individual trades ranged from $35.08 to $35.99
Sale on 2026-08-05 (block 2) 265,711 shares at $36.48 Weighted-average price; individual trades ranged from $36.00 to $36.72
Sale on 2026-08-06 271,994 shares at $35.33 Weighted-average price; individual trades ranged from $35.00 to $35.90
Indirect holdings after transactions 91,555,447 shares Class A Common Stock indirectly owned through Hux Investment Pte. Ltd. after August 5, 2026
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"Each Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein"

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FAQ

How many Medline (MDLN) shares were sold on August 5, 2026 and at what prices?
On August 5, reporting persons sold 1,710,907 shares at $35.46 and 265,711 shares at $36.48. Footnotes state these are weighted-average prices, with actual trades ranging from $35.08–$35.99 and $36.00–$36.72, respectively.

How many Medline (MDLN) shares were sold on August 6, 2026?
On August 6, reporting persons sold 271,994 shares of Medline Class A Common Stock at a weighted-average price of $35.33. A footnote explains the shares were sold in multiple trades at prices ranging from $35.00 to $35.90, inclusive.

What is the Medline (MDLN) shareholding reported after these insider sales?
After the reported transactions, an indirect position of 91,555,447 Medline Class A shares is reported as owned directly by Hux Investment Pte. Ltd., with Hux sharing voting and dispositive power with GIC Special Investments and GIC, and all parties disclaiming beneficial ownership beyond pecuniary interest.

Were the MDLN insider sales reported under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5‑1 checkbox is not marked, and no footnote references a Rule 10b5‑1 or similar trading plan, indicating the reported sales are not described as occurring under a pre-arranged Rule 10b5‑1 trading arrangement.

Who ultimately controls the Medline (MDLN) shares held through Hux Investment?
The 91,555,447 shares are owned directly by Hux Investment Pte. Ltd., which shares power to vote and dispose with GIC Special Investments and GIC. GIC is wholly owned by the Government of Singapore, which expressly disclaims beneficial ownership of these securities.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GIC Private Ltd
(Last)(First)(Middle)
168 ROBINSON ROAD
#37-01 CAPITAL TOWER
(Street)
SINGAPORESINGAPORE068912
(City)(State)(Zip)
SINGAPORE
(Country)		2. Issuer Name and Ticker or Trading Symbol
Medline Inc. [ MDLN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock08/05/2026S1,710,907D$35.46(1)25,530,471D(2)
Class A Common Stock08/05/2026S265,711D$36.48(3)25,264,760D(2)
Class A Common Stock08/06/2026S271,994D$35.33(4)24,992,766D(2)
Class A Common Stock91,555,447IHux Investment Pte. Ltd.(2)(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
GIC Private Ltd
(Last)(First)(Middle)
168 ROBINSON ROAD
#37-01 CAPITAL TOWER
(Street)
SINGAPORESINGAPORE068912
(City)(State)(Zip)
SINGAPORE
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
GIC Special Investments Pte Ltd
(Last)(First)(Middle)
168 ROBINSON ROAD
#37-01 CAPITAL TOWER
(Street)
SINGAPORESINGAPORE068912
(City)(State)(Zip)
SINGAPORE
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Hux Investment Pte. Ltd.
(Last)(First)(Middle)
168 ROBINSON ROAD
#37-01 CAPITAL TOWER
(Street)
SINGAPORESINGAPORE068912
(City)(State)(Zip)
SINGAPORE
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.08 to $35.99, inclusive. The reporting person undertakes to provide to Medline Inc., any security holder of Medline Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1), (3) and (4) to this Form 4.
2. Each Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.72, inclusive.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.90, inclusive.
5. These securities are owned directly by Hux. Hux shares the power to vote and the power to dispose of these securities with GIC Special Investments Pte. Ltd. ("GIC SI") and GIC (with Hux and GIC SI, each a "Reporting Person"), both of which are private limited companies incorporated in Singapore. GIC SI is wholly owned by GIC and is the private equity investment arm of GIC. GIC is wholly owned by the Government of Singapore and was set up with the sole purpose of managing Singapore's foreign reserves. The Government of Singapore disclaims beneficial ownership of these securities.
GIC Private Ltd, By: /s/ Wong Hui Ping, Name: Wong Hui Ping, Title: Senior Vice President; By: /s/ Wee Linrong, Name: Wee Linrong, Title: Senior Vice President08/07/2026
GIC Special Investments Pte Ltd, By: /s/ Sensen Lin, Name: Sensen Lin, Title: Authorized Signatory for GIC SI08/07/2026
Hux Investment Pte. Ltd., By: /s/ Suresh Bala, Name: Suresh Bala, Title: Director08/07/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR