GIC-linked Medline holder sells 1.6M shares at $35.80

Entities associated with GIC reported sales of Medline Inc. (MDLN) stock.

Rhea-AI Filing Summary

Entities associated with GIC reported sales of Medline Inc. (MDLN) stock. Hux Investment Pte. Ltd., together with GIC Special Investments Pte. Ltd. and GIC, reported open-market sales totaling 1,600,000 shares of Class A Common Stock at $35.80 per share on August 13–14, 2026. An indirect position of 91,555,447 shares is reported as held through Hux, with each reporting person and the Government of Singapore disclaiming beneficial ownership except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 1,600,000 shares

Net Sell 3 txns

Insider GIC Private Ltd, GIC Special Investments Pte Ltd, Hux Investment Pte. Ltd.

Role 10% Owner | 10% Owner | 10% Owner

Sold 1,600,000 shs ($57.28M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	100,000	$35.80	$3.58M
Sale	Class A Common Stock F1	1,500,000	$35.80	$53.70M
holding	Class A Common Stock F1, F2	--	--	--

Holdings After Transaction: Class A Common Stock — 22,802,482 shares (Direct); Class A Common Stock — 91,555,447 shares (Indirect, Hux Investment Pte. Ltd.)

Footnotes (2)

1. F1. 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.
2. F2. 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.

Key Figures

Shares sold on 2026-08-14: 100,000 shares Shares sold on 2026-08-13: 1,500,000 shares Total shares sold: 1,600,000 shares +2 more

5 metrics

Shares sold on 2026-08-14 100,000 shares Sale of Class A Common Stock at $35.80 per share

Shares sold on 2026-08-13 1,500,000 shares Sale of Class A Common Stock at $35.80 per share

Total shares sold 1,600,000 shares Aggregate of reported open-market sales on August 13–14, 2026

Sale price $35.80 per share Price for each reported sale of Class A Common Stock

Indirect holdings after transaction 91,555,447 shares Class A Common Stock held indirectly through Hux Investment Pte. Ltd. as of 2026-08-13

Key Terms

beneficial ownership, pecuniary interest, indirect, ten percent owner

4 terms

beneficial ownership financial

"disclaims beneficial ownership of the securities except to the extent"

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"

indirect financial

"An indirect position of 91,555,447 shares is reported as held through Hux"

ten percent owner financial

"each listed as a ten percent owner of Medline Inc."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did GIC-related entities report for Medline Inc. (MDLN)?

GIC-related entities reported sales totaling 1,600,000 MDLN Class A shares on August 13–14, 2026 at $35.80 per share. The securities are owned directly by Hux Investment Pte. Ltd., which shares voting and dispositive power with GIC Special Investments and GIC.

At what price were the Medline Inc. (MDLN) shares sold by the GIC-related entities?

The reported sales of MDLN stock were made at $35.80 per share. Two open-market transactions on August 13–14, 2026 covered a total of 1,600,000 Class A Common shares held through Hux Investment Pte. Ltd., an entity associated with GIC.

How many Medline Inc. (MDLN) shares did GIC-related entities report holding after the transactions?

The report lists an indirect holding of 91,555,447 MDLN Class A shares as of August 13, 2026. These shares are owned directly by Hux Investment Pte. Ltd., with shared voting and dispositive power among Hux, GIC Special Investments, and GIC, subject to beneficial-ownership disclaimers.

Who actually owns the Medline Inc. (MDLN) shares reported by GIC-related entities?

The MDLN securities are owned directly by Hux Investment Pte. Ltd.. Hux shares 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 any pecuniary interest.

Are the Medline Inc. (MDLN) insider sales linked to a Rule 10b5-1 trading plan?

The report’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. No footnote states that these Medline Inc. (MDLN) transactions were executed under a Rule 10b5-1 or other pre-arranged trading arrangement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/17/2026 - 04:16 PM Accepted by SEC EDGAR 08/17/2026 - 04:15 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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)

SINGAPORE SINGAPORE 068912

(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)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/13/2026		S		1,500,000	D	$35.8	22,902,482	D(1)
Class A Common Stock	08/14/2026		S		100,000	D	$35.8	22,802,482	D(1)
Class A Common Stock								91,555,447	I	Hux Investment Pte. Ltd.(1)(2)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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)

SINGAPORE SINGAPORE 068912

(City) (State) (Zip)

SINGAPORE

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% 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)

SINGAPORE SINGAPORE 068912

(City) (State) (Zip)

SINGAPORE

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% 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)

SINGAPORE SINGAPORE 068912

(City) (State) (Zip)

SINGAPORE

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. 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.

2. 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/ Toh Tze Meng, Name: Toh Tze Meng, Title: Senior Vice President	08/17/2026
	GIC Special Investments Pte Ltd, By: /s/ Sensen Lin, Name: Sensen Lin, Title: Authorized Signatory for GIC SI	08/17/2026
	Hux Investment Pte. Ltd., By: /s/ Suresh Bala, Name: Suresh Bala, Title: Director	08/17/2026
	** Signature of Reporting Person	Date
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)