Hellman & Friedman Capital Partners X (Parallel), L.P. - 04 Mar 2026 Form 4 Insider Report for Medline Inc. (MDLN)

Role
10%+ Owner
Signature
By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd., the general partner of Hellman & Friedman Investors X, L.P., the general partner of Hellman & Friedman Capital Partners X (Parallel), L.P.
Issuer symbol
MDLN
Transactions as of
04 Mar 2026
Net transactions value
$0
Form type
4
Filing time
06 Mar 2026, 17:28:53 UTC
Previous filing
22 Dec 2025
Next filing
12 Mar 2026
SEC
View on sec.gov

Reporting Owners (9)

Name Relationship Address Signature Signature date CIK
Hellman & Friedman Capital Partners X (Parallel), L.P. 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd., the general partner of Hellman & Friedman Investors X, L.P., the general partner of Hellman & Friedman Capital Partners X (Parallel), L.P. 06 Mar 2026 0001841430
HFCP X (Parallel-A), L.P. 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd., the general partner of Hellman & Friedman Investors X, L.P., the general partner of HFCP X (Parallel - A), L.P. 06 Mar 2026 0001841189
Mend Partners II, L.P. 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd., the general partner of Hellman & Friedman Investors X, L.P., the managing member of Mend Partners GP, LLC, the general partner of Mend Partners II, L.P. 06 Mar 2026 0001877047
Mend Investment Holdings I, L.P. 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; VP of H&F Corporate Investors X, Ltd., the GP of Hellman & Friedman Investors X, L.P., the GP of Hellman & Friedman Capital Partners X, L.P., the MM of Mend Investment Holdings GP, LLC, the GP of Mend Investment Holdings I, L.P. 06 Mar 2026 0002074968
Hellman & Friedman Investors X, L.P. 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd., the general partner of Hellman & Friedman Investors X, L.P. 06 Mar 2026 0001868392
Mend Partners GP, LLC 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd., the general partner of Hellman & Friedman Investors X, L.P., the managing member of Mend Partners GP, LLC 06 Mar 2026 0002074972
Mend Investment Holdings GP, LLC 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd., the general partner of Hellman & Friedman Investors X, L.P., the G.P. of Hellman & Friedman X Capital Partners, L.P., the managing member of Mend Investment Holding GP LLC 06 Mar 2026 0002074980
Hellman & Friedman Capital Partners X, L.P. 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd., the general partner of Hellman & Friedman Investors X, L.P., the general partner of Hellman & Friedman Capital Partners X, L.P. 06 Mar 2026 0001841434
H&F Corporate Investors X, Ltd. 10%+ Owner C/O HELLMAN & FRIEDMAN LLC, 415 MISSION STREET, SUITE 5700, SAN FRANCISCO By: /s/ Jacob Best; Jacob Best, Vice President of H&F Corporate Investors X, Ltd. 06 Mar 2026 0001901930

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 +13,198,914 +68353% 13,218,224 04 Mar 2026 By Mend Investment Holdings I, L.P. F1, F2, F3, F4
transaction MDLN Class B Common Stock Other -13,198,914 -11% 102,590,053 04 Mar 2026 By Mend Investment Holdings I, L.P. F2, F3, F4, F5
transaction MDLN Class A Common Stock Conversion of derivative security +1,979,837 +15% 15,198,061 05 Mar 2026 By Mend Investment Holdings I, L.P. F1, F3, F4, F5, F6
transaction MDLN Class B Common Stock Other -1,979,837 -1.9% 100,610,216 05 Mar 2026 By Mend Investment Holdings I, L.P. F3, F4, F5, F6
holding MDLN Class A Common Stock 85,733,022 04 Mar 2026 By Hellman & Friedman Capital Partners X (Parallel), L.P. F3, F4
holding MDLN Class A Common Stock 8,955,577 04 Mar 2026 By HFCP X (Parallel - A), L.P. F3, F4
holding MDLN Class A Common Stock 4,806,160 04 Mar 2026 By Mend Partners II, L.P. F3, 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 Conversion of derivative security -13,198,914 -11% 102,590,053 04 Mar 2026 Class A Common Stock 13,198,914 By Mend Investment Holdings I, L.P. F1, F2, F3
transaction MDLN Common Units Conversion of derivative security -1,979,837 -1.9% 100,610,216 05 Mar 2026 Class A Common Stock 1,979,837 By Mend Investment Holdings I, L.P. F1, F2, F3, 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 the common units of Medline Holdings, LP ("Common Units") for shares of Class A common stock ("Class A Common Stock") of Medline Inc. (the "Issuer"), 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 On March 4, 2026, Mend Investment Holdings I, L.P. exchanged 13,198,914 Common Units for an equal number of shares of Class A Common Stock and the Issuer automatically cancelled an equivalent number of shares of the Class B common stock ("Class B Common Stock") of the Issuer held by Mend Investment Holdings I, L.P.
F3 Hellman & Friedman Investors X, L.P. ("Investors X GP") is the general partner of Hellman & Friedman Capital Partners X (Parallel), L.P. and HFCP X (Parallel - A), L.P. Mend Partners GP, LLC ("Mend GP") is the general partner of Mend Partners II, L.P. Investors X GP is the managing member of Mend GP. Mend Investment Holdings GP, LLC ("Mend Investment GP") is the general partner of Mend Investment Holdings I, L.P. Hellman & Friedman Capital Partners X, L.P. ("HFCP X") is the managing member of Mend Investment GP. Investors X GP is the general partner of HFCP X. H&F Corporate Investors X, Ltd. ("Investors X Ltd.") is the general partner of Investors X GP.
F4 (Continued from footnote 3) A three-member board of directors of Investors X Ltd. has voting and investment discretion over the securities held by Hellman & Friedman Capital Partners X (Parallel), L.P., HFCP X (Parallel - A), Mend Partners II, L.P., and Mend Investment Holdings I, L.P. Each of the members of the board of directors of Investors X Ltd. disclaims beneficial ownership of such shares.
F5 Shares of the 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 an exchange of Common Units for shares of the Class A common stock, an equivalent number of shares of Class B Common Stock held by such holder will be automatically cancelled.
F6 On March 5, 2026, Mend Investment Holdings I, L.P. exchanged 1,979,837 Common Units for an equal number of shares of Class A Common Stock and the Issuer automatically cancelled an equivalent number of shares of the Class B Common Stoc held by Mend Investment Holdings I, L.P.

Remarks:

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that for purposes of Section 16 of the Exchange Act, or otherwise, that the Reporting Persons are subject to Section 16 of the Exchange Act or that the Reporting Persons are the beneficial owners of any equity securities in excess of their respective pecuniary interests, and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.