MiniMed: Medtronic exchanges 253M shares, exits stake

Medtronic plc reported no remaining MiniMed common shares after the exchange offer.

Rhea-AI Filing Summary

MiniMed Group, Inc. (MMED) reports that Medtronic plc, a 10% owner, disposed of 252,813,348 shares of MiniMed common stock in a completed exchange offer on October 15, 2026, in exchange for 55,032,401 ordinary shares of Medtronic. Medtronic owned no MiniMed common shares after the exchange.

Insider Trade Summary

Other: 252,813,348 shares

Other 1 txn

Insider Medtronic plc

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock F1	252,813,348	--	--

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. On October 15, 2026, Medtronic plc ("Medtronic") completed an exchange offer pursuant to which Medtronic disposed of 252,813,348 shares of common stock of MiniMed Group, Inc. ("Common Stock") in exchange for 55,032,401 ordinary shares of Medtronic. Following completion of the exchange offer, Medtronic no longer owns any shares of Common Stock.

Key Figures

MiniMed common shares disposed: 252,813,348 shares Medtronic ordinary shares received: 55,032,401 shares MiniMed common shares held afterward: 0 shares

3 metrics

MiniMed common shares disposed 252,813,348 shares Exchange offer completed October 15, 2026

Medtronic ordinary shares received 55,032,401 shares Exchange offer completed October 15, 2026

MiniMed common shares held afterward 0 shares Medtronic's holdings after the exchange offer

Key Terms

exchange offer, Common Stock, ordinary shares

3 terms

exchange offer financial

"completed an exchange offer"

An exchange offer is a proposal where a company asks investors to swap existing securities, like bonds or shares, for new ones, often with different terms or maturity dates. It matters to investors because it can affect the value of their holdings and the company's financial strategy, potentially providing benefits like better interest rates or reduced debt.

Common Stock financial

"shares of common stock of MiniMed Group, Inc."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

ordinary shares financial

"55,032,401 ordinary shares of Medtronic"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

FAQ

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

How many MMED shares did Medtronic exchange, and what did it receive?

Medtronic plc disposed of 252,813,348 MiniMed common shares on October 15, 2026, receiving 55,032,401 Medtronic ordinary shares in the completed exchange offer. It owned no MiniMed common shares afterward.

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

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Available on EDGAR 10/16/2026 - 04:18 PM EDT Accepted by SEC EDGAR 10/16/2026 - 04:18 PM EDT 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
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hours per response:			0.5

X

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^*

Medtronic plc

(Last) (First) (Middle)

C/O 710 MEDTRONIC PARKWAY

(Street)

MINNEAPOLIS MINNESOTA 55432

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MiniMed Group, Inc. [ MMED ]

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)
10/15/2026

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

X	Form filed by One Reporting Person
	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
Common Stock	10/15/2026		J(1)		252,813,348	D	(1)	0	D

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

Explanation of Responses:

1. On October 15, 2026, Medtronic plc ("Medtronic") completed an exchange offer pursuant to which Medtronic disposed of 252,813,348 shares of common stock of MiniMed Group, Inc. ("Common Stock") in exchange for 55,032,401 ordinary shares of Medtronic. Following completion of the exchange offer, Medtronic no longer owns any shares of Common Stock.

	/s/ Brian Sandstrom, VP, Chief Corporate and Securities Counsel	10/16/2026
	** 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)