BX Mozart ML-1 Holdco L.P. - 04 Mar 2026 Form 4 Insider Report for Medline Inc. (MDLN)

Role
10%+ Owner
Signature
BX MOZART ML-1 HOLDCO L.P. By: BX Mozart ML-1 Holdco GP L.L.C., its general partner, By: /s/ Robert Brooks Name: Robert Brooks, Title: Vice President
Issuer symbol
MDLN
Transactions as of
04 Mar 2026
Net transactions value
$0
Form type
4
Filing time
06 Mar 2026, 17:00:22 UTC
Previous filing
26 Jan 2026
SEC
View on sec.gov

Reporting Owners (4)

Name Relationship Address Signature Signature date CIK
BX Mozart ML-1 Holdco L.P. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BX MOZART ML-1 HOLDCO L.P. By: BX Mozart ML-1 Holdco GP L.L.C., its general partner, By: /s/ Robert Brooks Name: Robert Brooks, Title: Vice President 06 Mar 2026 0002102428
Mozart Aggregator UNLV Holdco L.P. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK MOZART AGGREGATOR UNLV HOLDCO 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 06 Mar 2026 0002108063
BX Mozart ML-1 Holdco GP L.L.C. 10%+ Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BX MOZART ML-1 HOLDCO GP L.L.C. By: /s/ Robert Brooks Name: Robert Brooks, Title: Vice President 06 Mar 2026 0002102570
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 06 Mar 2026 0002094487

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDLN Class A Common Stock Conversion of derivative security +7,166,716 +70365% 7,176,901 04 Mar 2026 See Footnotes F1, F2, F4, F5, F6
transaction MDLN Class A Common Stock Conversion of derivative security +1,083,082 +70376% 1,084,621 04 Mar 2026 See Footnotes F1, F3, F4, F5, F6
transaction MDLN Class B Common Stock Other -7,166,716 -11% 55,704,409 04 Mar 2026 See Footnotes F2, F4, F5, F6, F10
transaction MDLN Class B Common Stock Other -1,083,082 -11% 8,418,425 04 Mar 2026 See Footnotes F3, F4, F5, F6, F10
transaction MDLN Class A Common Stock Conversion of derivative security +1,075,007 +15% 8,251,908 05 Mar 2026 See Footnotes F1, F2, F4, F5, F6
transaction MDLN Class A Common Stock Conversion of derivative security +162,462 +15% 1,247,083 05 Mar 2026 See Footnotes F1, F3, F4, F5, F6
transaction MDLN Class B Common Stock Other -1,075,007 -1.9% 54,629,402 05 Mar 2026 See Footnotes F2, F4, F5, F6, F10
transaction MDLN Class B Common Stock Other -162,462 -1.9% 8,255,963 05 Mar 2026 See Footnotes F3, F4, F5, F6, F10
holding MDLN Class A Common Stock 125,729,322 04 Mar 2026 See Footnotes F4, F5, F6, F7
holding MDLN Class A Common Stock 14,394,340 04 Mar 2026 See Footnotes F4, F5, F6, F8
holding MDLN Class A Common Stock 2,795,018 04 Mar 2026 See Footnotes F4, F5, F6, F9

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 Conversion of derivative security -7,166,716 -11% $0.000000* 55,704,409 04 Mar 2026 Class A Common Stock 7,166,716 See Footnotes F1, F2, F4, F5, F6
transaction MDLN Common Units of Medline Holdings, LP Conversion of derivative security -1,083,082 -11% $0.000000* 8,418,425 04 Mar 2026 Class A Common Stock 1,083,082 See Footnotes F1, F3, F4, F5, F6
transaction MDLN Common Units of Medline Holdings, LP Conversion of derivative security -1,075,007 -1.9% $0.000000* 54,629,402 05 Mar 2026 Class A Common Stock 1,075,007 See Footnotes F1, F2, F4, F5, F6
transaction MDLN Common Units of Medline Holdings, LP Conversion of derivative security -162,462 -1.9% $0.000000* 8,255,963 05 Mar 2026 Class A Common Stock 162,462 See Footnotes F1, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of an exchange agreement, dated as of December 16, 2025, holders have the right to exchange their common units of Medline Holdings, LP ("Common Units") for shares of Medline Inc.'s (the "Issuer") Class A common stock ("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.
F2 Reflects securities of the Issuer held directly by BX Mozart ML-1 Holdco L.P. BX Mozart ML-1 Holdco GP L.L.C. is the general partner of BX Mozart ML-1 Holdco L.P. BCP Mozart Aggregator L.P. is the managing member of BX Mozart ML-1 Holdco GP L.L.C. 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.
F3 Reflects securities of the Issuer held directly by Mozart Aggregator UNLV Holdco L.P. BCP 8 Holdings Mozart Manager L.L.C. is the general partner of Mozart Aggregator UNLV Holdco 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 of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for 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 Reflects securities of the Issuer held directly by BX Mozart ML-2 Holdco L.P. BX Mozart ML-2 Holdco GP L.L.C. is the general partner of BX Mozart ML-2 Holdco L.P. Mozart Aggregator II L.P. is the managing member of BX Mozart ML-2 Holdco GP L.L.C. 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.
F8 Reflects securities of the Issuer held directly by Mozart Aggregator II UNLV Holdco L.P. Mozart Aggregator II LP is the sole limited partner of Mozart Aggregator II UNLV Holdco L.P. Blackstone Management Associates VIII L.P. is the general partner of Mozart Aggregator II LP and of Mozart Aggregator II UNLV Holdco L.P. BMA VIII L.L.C. is the general partner of Blackstone Management Associates VIII L.P.
F9 Reflects securities 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.
F10 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 held. Upon the conversion of Common Units, an equivalent number of shares of Class B Common Stock were automatically cancelled.

Remarks:

Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed a separate Form 4.