William J. Abrams - 16 Dec 2025 Form 4 Insider Report for Medline Inc. (MDLN)

Signature
/s/ Nicole Fritz, Attorney-in-Fact
Issuer symbol
MDLN
Transactions as of
16 Dec 2025
Net transactions value
$0
Form type
4
Filing time
06 Mar 2026, 16:30:28 UTC
Next filing
17 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Abrams William J Title: Executive Vice President, Supply Chain Solutions C/O MEDLINE INC., 3 LAKES DRIVE, NORTHFIELD /s/ Nicole Fritz, Attorney-in-Fact 06 Mar 2026 0002061059

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDLN Class B Common Stock Award +495,680 495,680 16 Dec 2025 Direct F1, F2
transaction MDLN Class B Common Stock Award +30,655 30,655 16 Dec 2025 See Footnote F1, F2, F3
transaction MDLN Class A Common Stock Award +17,854 $0.000000* 17,854 05 Mar 2026 Direct F4

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 Award +495,680 495,680 16 Dec 2025 Class A Common Stock 495,680 See Footnote F1, F5
transaction MDLN Common Units of Medline Holdings, LP Award +30,655 30,655 16 Dec 2025 Class A Common Stock 30,655 See Footnote F1, F3, F5
transaction MDLN Incentive Units of Medline Holdings, LP Award +1,129,447 1,129,447 16 Dec 2025 Class A Common Stock 1,129,447 $15.42 See Footnote F1, F6, F7, F8
transaction MDLN Incentive Units of Medline Holdings, LP Award +170,204 170,204 16 Dec 2025 Class A Common Stock 170,204 $15.23 See Footnote F1, F6, F7, F9
transaction MDLN Incentive Units of Medline Holdings, LP Award +91,078 91,078 16 Dec 2025 Class A Common Stock 91,078 $19.01 See Footnote F1, F6, F7, F10
transaction MDLN Incentive Units of Medline Holdings, LP Award +97,531 97,531 16 Dec 2025 Class A Common Stock 97,531 $27.68 See Footnote F1, F6, F7, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were acquired in connection with the reclassification of the interests of Medline Holdings, LP prior to the Issuer's initial public offering (as more fully described in the Registration Statement on Form S-1). These securities were previously reported on the Reporting Person's Form 3 filed on December 17, 2025.
F2 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 Units") held. Upon an exchange of Common Units for shares of the Issuer's Class A common stock ("Class A Common Stock"), an equivalent number of shares of Class B Common Stock held by such holder will be automatically cancelled.
F3 These securities are held by a trust, of which the Reporting Person serves as a trustee.
F4 Represents a grant of restricted stock units ("RSUs"), of which 25% vest on June 15, 2026 and the remaining 75% vest in three equal annual installments beginning on March 1, 2027.
F5 Pursuant to the terms of an exchange agreement, dated as of December 16, 2025 (the "Exchange Agreement"), holders have the right to exchange their Common Units for shares of the 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. Such Common Units are held indirectly through Medline Management Aggregator LLC.
F6 Reflect incentive units of Medline Holdings, LP ("Incentive Units"), which are "profit interests" having economic characteristics similar to stock appreciation rights. Vested Incentive Units are convertible, at the holder's election, into a number of Common Units generally equal to (a) the product of the number of vested Incentive Units to be converted with a given per unit participation threshold and then-current difference between the per unit value of a Common Unit at the time of the conversion (based on the public trading price of a share of Class A Common Stock) and the per unit participation threshold of such vested Incentive Units divided by (b) the per unit value of a Common Unit at the time of the conversion (based on the public trading price of a share of Class A Common Stock), subject to certain adjustments.
F7 (Continued from Footnote 6 above) Common Units are exchangeable on a one-for-one basis for shares of Class A Common Stock pursuant to the terms of the Exchange Agreement. These Incentive Units have no expiration date. Such Incentive Units are held indirectly through Medline Management Aggregator LLC.
F8 80% of these Incentive Units have vested, and the remaining 20% vest on October 21, 2026.
F9 40% of these Incentive Units have vested, and the remaining 60% vest in three equal annual installments beginning on April 1, 2026.
F10 20% of these Incentive Units have vested, and the remaining 80% vest in four equal annual installments beginning on March 29, 2026.
F11 These Incentive Units vest in five equal annual installments beginning on March 28, 2026.

Remarks:

Title: Executive Vice President, Supply Chain Solutions