Mozart Aggregator II LP - 18 Dec 2025 Form 4 Insider Report for Medline Inc. (MDLN)

Role
10%+ Owner
Signature
MOZART AGGREGATOR II LP, By: BLACKSTONE MANAGEMENT ASSOCIATES VIII L.P., its general partner, By: BMA VIII L.L.C., its general partner, By: /s/ Robert Brooks Name: Robert Brooks Title: Authorized Signatory
Issuer symbol
MDLN
Transactions as of
18 Dec 2025
Net transactions value
-$579,196,716
Form type
4
Filing time
22 Dec 2025, 16:30:11 UTC
Previous filing
17 Dec 2025
SEC
View on sec.gov

Reporting Owners (10)

Name Relationship Address Signature Signature date CIK
Mozart Aggregator II LP 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK MOZART AGGREGATOR II LP, By: BLACKSTONE MANAGEMENT ASSOCIATES VIII L.P., its general partner, By: BMA VIII L.L.C., its general partner, By: /s/ Robert Brooks Name: Robert Brooks Title: Authorized Signatory 22 Dec 2025 0002098582
BCP Mozart Aggregator L.P. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BCP MOZART AGGREGATOR L.P., By: BCP 8 Holdings Mozart Manager L.L.C., its general partner, By: BMA VIII L.L.C., its managing member, By: /s/ Robert Brooks Name: Robert Brooks Title: Authorized Signatory 22 Dec 2025 0002094487
Blackstone Management Associates VIII L.P. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BCP 8 HOLDINGS MOZART MANAGER L.L.C., By: BMA VIII L.L.C., its managing member, By: /s/ Christopher Striano Name: Christopher Striano Title: Senior Managing Director and Chief Operating Officer of Global Finance 22 Dec 2025 0002084378
BCP 8 Holdings Mozart Manager L.L.C. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BLACKSTONE MANAGEMENT ASSOCIATES VIII L.P., By: BMA VIII L.L.C., its general partner, By: /s/ Christopher Striano Name: Christopher Striano Title: Senior Managing Director and Chief Operating Officer of Global Finance 22 Dec 2025 0002094484
BMA VIII L.L.C. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BMA VIII L.L.C., By: /s/ Christopher Striano Name: Christopher Striano Title: Senior Managing Director and Chief Operating Officer of Global Finance 22 Dec 2025 0002084966
Blackstone Holdings II L.P. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BLACKSTONE HOLDINGS II L.P., By: Blackstone Holdings I/II GP L.L.C., its general partner, By: /s/ Victoria Portnoy, Name: Victoria Portnoy, Title: Managing Director - Assistant Secretary 22 Dec 2025 0001484870
Blackstone Holdings I/II GP L.L.C. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BLACKSTONE HOLDINGS I/II GP L.L.C., By: /s/ Victoria Portnoy, Name: Victoria Portnoy, Title: Managing Director - Assistant Secretary 22 Dec 2025 0001464695
Blackstone Inc. 10%+ Owner 345 PARK AVENUE, NEW YORK BLACKSTONE INC., By: /s/ Victoria Portnoy, Name: Victoria Portnoy, Title: Managing Director - Assistant Secretary 22 Dec 2025 0001393818
Blackstone Group Management L.L.C. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BLACKSTONE GROUP MANAGEMENT L.L.C., By: /s/ Victoria Portnoy, Name: Victoria Portnoy, Title: Managing Director - Assistant Secretary 22 Dec 2025 0001404071
SCHWARZMAN STEPHEN A 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK /s/ Stephen A. Schwarzman 22 Dec 2025 0001070844

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDLN Class A Common Stock Sale $381,911,076 -13,462,600 -8.6% $28.37 143,187,216 18 Dec 2025 See Footnotes F1, F2, F4, F5, F6
transaction MDLN Class B Common Stock Other -6,954,440 -8.8% 72,372,632 18 Dec 2025 See Footnotes F3, F4, F5, F6, F7
transaction MDLN Class A Common Stock Other -268,536 -0.19% 142,918,680 18 Dec 2025 See Footnotes F2, F4, F5, F6, F8
holding MDLN Class A Common Stock 11,724 18 Dec 2025 See Footnotes F3, F4, F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MDLN Common Units of Medline Holdings, LP Sale $197,285,640 -6,954,440 -8.8% $28.37 72,372,632 18 Dec 2025 Class A Common Stock 6,954,440 See Footnotes F1, F3, F4, F5, F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount represents the $29.00 secondary public offering price per share of Class A common stock ("Class A Common Stock") of Medline Inc. (the "Issuer"), less the underwriting discount of $0.63173 per share sold by the Reporting Persons to the Issuer in connection with the Issuer's initial public offering.
F2 Reflects shares of Class A Common Stock of the Issuer held directly by Mozart Aggregator II LP. Blackstone Management Associates VIII L.P. is the general partner of Mozart Aggregator II LP. BMA VIII L.L.C. is the general partner of Blackstone Management Associates VIII L.P.
F3 Reflects securities of the Issuer held directly by BCP Mozart Aggregator L.P. (together with Mozart Aggregator II LP, the "Blackstone Holders"). BCP 8 Holdings Mozart Manager L.L.C. is the general partner of BCP Mozart Aggregator L.P. BMA VIII L.L.C. is the managing member of BCP 8 Holdings Mozart Manager L.L.C.
F4 Blackstone Holdings II L.P. is the managing member of BMA VIII L.L.C. Blackstone Holdings I/II GP L.L.C. is the general partner of Blackstone Holdings II L.P. Blackstone Inc. is the sole member of Blackstone Holdings I/II GP L.L.C. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
F5 Each such Reporting Person may be deemed to beneficially own the securities of the Issuer directly held by the Blackstone Holders directly or indirectly controlled by it or him, but each (other than Mozart Aggregator II LP and BCP Mozart Aggregator L.P. to the extent of their respective direct holdings) disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this filing shall not be deemed an admission that any of the Reporting Persons (other than Mozart Aggregator II LP and BCP Mozart Aggregator L.P. to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F6 Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
F7 Shares of the Issuer's Class B common stock ("Class B Common Stock") have no economic value and have one vote per share. One share of Class B Common Stock is issued for each common unit of Medline Holdings, LP ("Common Unit") held. Upon the sale of Common Units, an equivalent number of shares of Class B Common Stock were automatically cancelled.
F8 On December 18, 2025, Mozart Aggregator II LP initiated in-kind distributions of shares of Class A Common Stock to one of its investors and certain affiliated entities of that investor. Such distributees have agreed to be bound in writing by the restrictions set forth in the Lock Up Agreement entered into by and among the Reporting Persons and the underwriters.
F9 Pursuant to the terms of an exchange agreement, dated as of December 16, 2025, holders have the right to exchange their Common Units for shares of the Issuer's Class A Common Stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. These exchange rights do not expire.