4//SEC Filing
HFCP X (Parallel-A), L.P. 4
Accession 0001193125-25-329276
CIK 0002046386other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 9:57 PM ET
Size
43.0 KB
Accession
0001193125-25-329276
Insider Transaction Report
Form 4
Medline Inc.MDLN
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
HFCP X (Parallel-A), L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
Mend Partners II, L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
Mend Investment Holdings I, L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
Hellman & Friedman Investors X, L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
Mend Partners GP, LLC
10% Owner
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
Mend Investment Holdings GP, LLC
10% Owner
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
H&F Corporate Investors X, Ltd.
10% Owner
Transactions
- Sale
Class A Common Stock
2025-12-18$28.37/sh−5,079,306$144,091,276→ 88,890,651 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−547,305$15,526,112→ 9,268,693 total(indirect: By HFCP X (Parallel - A), L.P.) - Sale
Class A Common Stock
2025-12-18$28.37/sh−461,760$13,099,346→ 4,806,160 total(indirect: By Mend Partners II, L.P.) - Other
Class B Common Stock
2025-12-18−9,028,455→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−3,157,629→ 85,733,022 total(indirect: By Hellman & Friedman Capital Partners X (Parallel), L.P.) - Other
Class A Common Stock
2025-12-18−313,116→ 8,955,577 total(indirect: By HFCP X (Parallel - A), L.P.) - Conversion
Class A Common Stock
2025-12-18+2,098,005→ 2,117,315 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class A Common Stock
2025-12-18−2,098,005→ 19,310 total(indirect: By Mend Investment Holdings I, L.P.) - Other
Class B Common Stock
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.) - Sale
Common Units
2025-12-18$28.37/sh−9,028,455$256,125,531→ 117,886,972 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (9,028,455 underlying) - Conversion
Common Units
2025-12-18−2,098,005→ 115,788,967 total(indirect: By Mend Investment Holdings I, L.P.)→ Class A Common Stock (2,098,005 underlying)
Footnotes (9)
- [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]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.
- [F3](Continued from footnote 2) 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.
- [F4]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 Class A common stock, an equivalent number of shares of Class B Common Stock held by such holder will be automatically cancelled.
- [F5]On December 18, 2025, Mend Investment Holdings I, L.P. sold 9,028,455 Common Units to the Issuer at a price of $28.3687 per unit as shown in Table II. In connection with such sale, the Issuer automatically cancelled an equivalent number of shares of Class B Common Stock held by Mend Investment Holdings I, L.P.
- [F6]On December 18, 2025, in connection with the sales reported above, each of Hellman & Friedman Capital Partners X (Parallel), L.P., HFCP X (Parallel - A), L.P., and Mend Investment Holdings I, L.P. initiated distributions of shares of Class A Common Stock to their respective ultimate partners and shareholders as in-kind distributions in respect of such persons' interests in the distributing entities. The receipt of shares of Class A Common Stock by each of the Reporting Persons in connection with such distributions was exempt from reporting pursuant to Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F7]The recipients of the shares of Class A Common Stock distributed pursuant to footnote 6 have agreed to be subject to a lock-up agreement with the representatives of the several underwriters in connection with the initial public offering of the Issuer, provided that shares constituting less than 1% of the Issuer's outstanding common stock in the aggregate that are being delivered to charitable organizations will not be subject to such restrictions.
- [F8]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 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.
- [F9]On December 18, 2025, Mend Investment Holdings I, L.P. exchanged 2,098,005 Common Units for an equal number of shares of Class A Common Stock in connection with the distribution described above in footnote 6 and the Issuer automatically cancelled an equivalent number of shares of Class B Common Stock held by Mend Investment Holdings I, L.P.
Documents
Issuer
Medline Inc.
CIK 0002046386
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001841189
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 9:57 PM ET
- Size
- 43.0 KB